The innovative startup Sampo AI, which specializes in AI-driven dynamic pricing solutions for e-commerce, has raised $750,000 in its pre-seed funding round. This milestone represents the biggest pre-seed investment in Oman’s history, demonstrating the strong investor confidence in the company’s growth potential and innovative vision.
Hexnture and a number of well-known Saudi angel investors participated in the funding round, which was co-led by Omantel Innovation Labs and Waad VC. The investment will support Sampo AI’s plans to expand throughout the United Arab Emirates and Saudi Arabia, two important markets that are on the cusp of an e-commerce technological revolution.
Sampo AI was established in July 2024 and uses state-of-the-art artificial intelligence to assist e-commerce companies in optimizing their pricing strategies. Its sophisticated platform uses A/B testing, user behavior analysis, and purchase trends to make more informed pricing decisions.
Sampo AI’s proprietary database of over 10 million regional products is a key differentiator. It provides accurate market insights to help businesses stay ahead in the constantly changing e-commerce landscape.
Driving Growth and Innovation
The newly acquired funding will enable Sampo AI to:
- Expand into Saudi Arabia and the UAE to serve growing e-commerce markets.
- Enhance its AI-driven tools to tackle unique regional challenges, maximizing profitability and growth for its clients.
“We are incredibly proud to position Oman as a hub for innovation in the Middle East,” said Saif Al-Essai, Co-Founder and CEO of Sampo AI. “This funding validates our mission and empowers us to redefine how e-commerce businesses approach pricing strategies. With the backing of Omantel, Waad VC, Hexnture, and visionary angel investors, we are ready to make a lasting impact in the region’s e-commerce ecosystem.”
With the official launch of its platform, Sampo AI has also given e-commerce companies easy access to cutting-edge pricing solutions. In order to promote adoption, the business provides a free 14-day trial and a Golden Guarantee, which guarantees a complete refund within 30 days of the trial if customers are not happy.
