Intella, an Egyptian deep tech startup, has completed a US $3.4 million pre-Series A funding round to support its Saudi market expansion and the creation of end-to-end AI models tailored to the MENA region.
Nour Altaher and Omar Mansour founded Intella in 2021 to provide real-time, on-demand market research to its business clients in a variety of industries.
Hala Ventures, which led the startup’s US $1 million seed round last year, is back to co-lead its US $3.4 million pre-Series A round alongside Wa’ed Ventures, the VC arm of Aramco. Along with other investors, Sanabil 500 and the INSEAD alumni angel network also take part.
The new funding will support the creation of end-to-end AI models that are tailored for the MENA region as well as Intella’s expansion into the Saudi market. The startup has already moved the location of its main office from Cairo to Riyadh.
“Saudi Arabia is quickly becoming a hub for technological advances. This move fits perfectly with our plans for expansion,” said Nour Taher, CEO and co-founder of Intella.
