Riyadh – Sharikat Mubasher: Saudi cybersecurity startup Solidrange announced it has secured $2.4 million in Seed funding to accelerate the development of its AI-driven governance, risk, and compliance (GRC) automation and cybersecurity awareness platforms. As per the company’s press release, this round was led by Sharaka Capital, with participation from Sadu Capital, SEEDRA Ventures, and Tali Ventures, the investment arm of stc.

Founded in 2023 and headquartered in Riyadh, Solidrange focuses on automating compliance processes and strengthening cyber resilience through artificial intelligence. The fresh capital will be used to support regional expansion, advance product development, and deepen AI integration across its platforms, in line with Saudi Arabia’s national cybersecurity priorities and Vision 2030 objectives.

Led by Jamal M. Labani, CEO and Co-Founder, the company currently serves more than 50 enterprise clients, including government entities, publicly listed companies, and organizations across both the public and private sectors. Its platforms have already been deployed by several regulatory and oversight bodies, reflecting strong alignment with national frameworks and compliance requirements.

Solidrange’s growing traction highlights rising demand in the Kingdom for locally developed, regulation-ready cybersecurity solutions as organizations seek to address human-driven cyber risks and simplify compliance at scale.