2 SaaS Startups in Saudi Arabia

January 24, 2023

SaaS startups have become the darling of Venture Capital investors, especially in Saudi Arabia. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 2 VC funded SaaS startups in Saudi Arabia .

Qreeb

Qreeb is a Procurement and Facility Management platform for enterprise professionals built by procurement and facility management professionals. The Qreeb platform is a proprietary SaaS (Software as a Service). It is digitized automation that modernizes antiquated procedures.

Company details:
Founders:
Abdulrahman AlOmair, Hassan Ikram
Founded:
2018
Based in:
Dhahran, Ash Sharqiyah, Saudi Arabia
Website:
Qreeb
Industries:
B2B, Information Services, SaaS, Software
Latest funding:
$506,552
Seed
11 November 2021
Total funding:
$506,553
Investors
Saudi Aramco Entrepreneurship Ventures

Quant Data & Analytics

Quant was founded as a Saudi consultancy business to offer services including Data Analytics, Business Intelligence, Artificial intelligence, Machine learning, Data Quality Management, and Analytics Training, as well as AI & BI SaaS solutions, as data grew excessive and numerous. Through the services we provide, Quant enables aspirant enterprises and forward-thinking governments to become data-driven, enabling them to streamline operations, increase efficiency, and strengthen decision making.

Company details:
Founders:
Ahmed Bukhamseen, Tareq Abdeljalil
Founded:
2015
Based in:
Riyadh, Ar Riyad, Saudi Arabia
Industries:
Analytics, Artificial Intelligence, Business Intelligence, Data Integration, Data Mining, Data Visualization, Database, Information Technology, Machine Learning, SaaS
Latest funding:
$8,000,000
Series A
3 February 2022
Total funding:
$19,200,000
Investors
VentureSouq, Angel Investor, SEEDRA Ventures, Raed Ventures, Steven Tannock

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