The creative Resquad AI platform’s parent company, Asas Specialized Information Technology, announced today that a SAR1.2 million pre-seed funding round from renowned angel investors has been successfully closed. With this calculated risk, the business will be able to expand more quickly and develop cutting-edge solutions that will revolutionize the way software development companies around the world work together.
Software development companies can now freely share their available developers with each other or with outside clients thanks to Resquad AI, a groundbreaking platform. This solution helps businesses grow and streamline operations by meeting the growing need in the tech sector for flexible talent and resources.
Abdullah Abdulaziz Al-Jafaari, CEO of Asas Specialised Information Technology, expressed his enthusiasm about closing the funding round, stating, “We are extremely excited to have the trust and support of our investors at this early stage. In a short period, our team has delivered remarkable results, with our growth doubling for three consecutive months. This phenomenal progress is a clear testament to the trust our clients have placed in us and is a strong validation of our business model. This investment will enable us to continue this momentum and deliver even more value to our partners and clients.”
The funding round was led by prominent angel investor Mr. Abdulrazzaq Mohammed Al-Ansari, who commented on his decision to invest in the company, saying, “I was truly impressed by the rapid growth Resquad AI has achieved at this early stage. The team’s expertise and deep understanding of the industry are commendable, and I believe in their ability to scale this platform to meet the growing needs of the software development community. This investment is a vote of confidence in both the team and the vision they are working to realize.”
With this additional funding, Resquad AI is well-positioned to develop its platform, reach more sectors of the Kingdom to serve those undergoing digital transformation, and keep providing its expanding network of partners with unmatched value.
Leading technology provider Asas Specialized Information Technology is dedicated to offering cutting-edge solutions that satisfy the demands of dynamic companies all over the world. The company is redefining collaborative software development through its flagship product, Resquad AI, which makes it possible for businesses to more efficiently utilize the skills and resources of one another.
We are dedicated to using our knowledge and abilities to support our clients in achieving their objectives and fully utilizing the potential of technology since we think it is a potent tool that has the potential to transform every aspect of life. In keeping with Saudi Arabia’s Vision 2030, which emphasizes digital transformation, we offer our experience to help the country achieve its goals.
