Reachware Raises $3 Million in Seed Round
Reachware, a Riyadh, Saudi Arabia-based automation and system integration startup, has raised $3 million in seed funding.
The round was led by Sadu Capital, with participation from 500 Sanabil Investments and Elm Company.
Sadu Capital is a venture capital firm that invests in private technology startups through equity ownership. Sadu currently focuses on early-stage startup investments (pre-seed and seed) based in Saudi Arabia and the broader Middle East & North Africa region.
The company will use the funds to expand its operations in the GCC market, develop new products, and explore AI and machine learning technologies.
Founded in 2021 by engineers Hamza Abusitta and Maysarah Mashaal, Reachware offers businesses a range of services, including system integration, process automation, and advanced analytics designed to enhance business operations. Supporting both Arabic and English, it serves over 300 clients across retail, manufacturing, finance, hospitality, and e-commerce. Reachware integrates with over 200 systems, collaborating with major tech companies and regional institutions.
Funding Details
Company: Reachware, Inc.
Raised: $3.0M
Round: Seed Round
Funding Date: September 2024
Lead Investor: Sadu Capital
Additional Investors: 500 Sanabil Investments, Elm Company
Company Website: https://reachware.com/
Software Category: Automation and System Integration