Riyadh - Sharikat Mubasher: CQR, a leading operational technology (OT) cybersecurity firm in Saudi Arabia, raised a $3 million funding round, led by Shorooq, to accelerate its mission to fortify the security of critical infrastructures, including oil and gas, manufacturing, power plants, and smart cities, through its pioneering product-centric approach.
This new round will enable CQR to scale its AI-driven cybersecurity solutions, expand its presence across the MENA region, and fortify more industries against evolving threats, the company revealed in a press release today.
CQR empowers industries with cutting-edge, easily deployable cybersecurity products that integrate AI-powered threat detection, risk scoring, and automated response mechanisms.
The company redefines how mission-critical operations are protected, eliminating costly downtime risks, ensuring regulatory compliance, and enabling organizations to deploy cybersecurity solutions at scale without requiring deep expertise.
Naser Aldossary, Founder and CEO of CQR, stated that the investment will accelerate the company’s ability to scale, expand its AI capabilities, and ensure that industries dependent on OT systems remain resilient against emerging threats.
"Cyber threats in OT environments are evolving rapidly, and traditional security models are no longer enough. At CQR, we are reengineering cybersecurity for industrial operations, building innovative, product-driven solutions that make OT security accessible, efficient, and highly scalable," said Aldossary.
For his part, Yousef Albabtain, Partner at Shorooq, commented: "Our investment in CQR aligns with our vision to support transformative technology companies that address critical industry challenges. CQR’s product-driven cybersecurity approach is disrupting a traditionally service-heavy industry, making OT security more accessible, efficient, and scalable. We believe their solutions will become an industry standard, and we are excited to support their growth.”
CQR’s expansion strategy aligns with Vision 2030, which prioritizes cybersecurity sovereignty and industrial protection. By bridging the cybersecurity talent gap and providing ready-to-deploy solutions, CQR is enabling industrial sectors to achieve operational resilience without dependency on external service providers.
