KSA's DataLexing raises $3M SEED
DataLexing, an all-in-one data-driven productivity platform based in KSA, has raised $3M in its SEED round.
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Saudi Arabia’s Productivity Platform DataLexing has raised $3M in a SEED round led by Sadu Capital, with participation from Impact46 and other investors. Founded in 2018 by Rayan Alfaheid and Dr. Abdulelah Alganas, DataLexing is an All-in-One Data-Driven productivity platform that brings Insights, Apps, Notifications, Forms, and Sheets together in one place.
The SaaS space in the MENA region observed more than 600% YoY growth in VC funding over 2021. With over 50 deals closed, startups offering AI, automation, and data analytics secured capital. The sector in KSA has been recording robust growth on the back of interest shown by investors. This year funds have been deployed in Elevatus Inc offering AI solutions to simplify the hiring process, Mozn, an AI developing Arabic NLP data products, and ZenHR, a cloud-based Human Resources Management System (HRMS). Collectively, SaaS startups in KSA have raised $50M+ this year which is the highest amount to date if last year’s Mega Round is removed.
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DataLexing says that it helps organizations and individuals get the right data at the right time without relying on technical personnel. Salem Washeely, Managing Director at Sadu Capital, commented on the investment: "The link between data and centralized reporting usually goes through different applications, platforms, data engineers, and multiple integrations. That wastes business users' time and effort to produce a report on time and even with questionable accuracy. However, DataLexing managed to bridge the gap that clients locally and globally require to cut through this hustle. We are proud to invest in this incredible team geared to solve this massive global pain."
To simplify getting the right data at the right time, the users start from prebuilt productivity templates and correlate them with current business apps to have a single source of truth. In addition, the startup claims that opening a dialog with your data provides an unparalleled experience, unlike waiting weeks to get the answers from the data analyst. Rayan Alfaheid, the CEO & Co-Founder of DataLexing, commented, "At DataLexing, our mission is to empower everyone to get the right data at the right time by themself. I'm very proud to see our platform positively impacting 10 countries and more than 50 organizations, varying from startups to government agencies, at an early stage in DataLexing life."
The objective of the funding is to expand its GCC-wide operations and extend the Research & Development of DataLexing. Dr. Abdulelah Alganas, the CTO & Co-Founder of DataLexing, concluded, "Being a Startup brought us closer to our clients, where we walked miles in their shoes. That infused customer-centricity into the fabric of DataLexing. A customer-centric approach is the cornerstone of our development framework where the user is at the heart of technology."
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