We are co-leading the first investment round in Intelmatix, a Saudi deep tech startup focused on data intelligence. Intelmatix provides an extensive suite of cutting-edge analytics platforms that solve critical problems facing a variety of corporations, SMEs, and governments.
Utilizing data intelligence in the right way can be incredibly powerful for businesses and governments, but it is often easier said than done. Implementing the right data analysis strategy can be resource and time consuming, without even discussing the cost. Moreover, existing data platforms, while powerful, are often not suited to a company’s exact needs.
In Saudi Arabia alone, location data intelligence is projected to be a multibillion dollar market over the coming years, showing the large appetite for such solutions, driven by the Kingdom’s Vision 2030 and its focus on digitization and data-driven innovation. While deep tech was historically an area of expertise that was practiced by the select few, Saudi Arabia is increasingly developing this expertise as well.
Given these trends, we are excited to partner with Intelmatix, a company at the forefront of deep tech in Saudi Arabia, with offices in Riyadh, London, and Boston. The company makes data analytics available to a wide range of clients by using hundreds of proprietary and publicly available data sources. Through its product suite, anyone is able to obtain powerful and actionable insights from their own data, which is more applicable and user-friendly than an off-the-shelf solution and more cost-effective than a full-fledged in-house team.
Intelmatix is co-founded by a team of PhDs from world-renowned institutions, such as MIT. They combine decades of industry expertise with a laser-focused vision on execution and go-to-market. This goes in line with a broader trend of Saudi high-caliber talents and scientists switching from public to private sector, and building companies with a global vision - Intelmatix is the perfect example of this trend. We are happy to be partnering with strategic co-lead investor Sultan Holdings in our support for the company and look forward to them taking a global stage in deep tech.
Discover the company’s solutions here.