Riyadh – Sharikat Mubasher:  SahmAlgo, a Saudi-based platform specializing in financial analytics and AI-driven market intelligence, announced the closure of a $1 million seed round led by Gharesah Investment.

As per the company’s press release, the funding will accelerate the development of SahmAlgo’s AI tools across the Saudi market and the wider region.

The capital will support the expansion of AI algorithms, enrichment of the platform’s data assets, enhanced system reliability for the fast-moving Saudi market, and the launch of new institutional products with direct integrations for brokers and asset managers. It will also bolster talent acquisition and strengthen compliance and governance frameworks.

SahmAlgo offers a unified suite of tools, including short-term price estimations, technical stock analysis, financial news analytics, and its Algo Radar for real-time market monitoring, catering to both retail and institutional investors.

Yasser Farha, Co-Founder and CEO of SahmAlgo, said the company aims to “empower investors with real-time, intelligent, easy-to-understand insights at a competitive price.” He added that the funding will deepen AI research and support the launch of institutional-grade products, reinforcing SahmAlgo’s goal to become the most intelligent and trusted financial information source in Saudi Arabia.