Introduction
Industries in Saudi Arabia are transforming rapidly under its ambitious Artificial intelligence in Saudi Vision 2030, in which innovation and digital transformation are embedded. Innovations in machine learning, natural language processing, and computer vision are changing sectors like healthcare and retail.
Established companies and AI-driven startups in Saudi Arabia strive to reach their peak by harnessing AI’s potential for innovative solutions. They aim to streamline operations and enhance customer experience through advanced AI technologies.
The increasing demand for AI skills in businesses allows companies to open their doors to the perfect installation of AI consultants and developers in all corners of the globe, scouting for an application that best suits their objectives.
The following list is compiled to discuss top Saudi AI companies that offer innovative solutions, focusing on ethical standards and business growth.
Top artificial intelligence companies KSA
Here is the AI startups list KSA, which includes significant startup giants in the industry.
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Mozn
Founder: Dr. Mohammed Alhussein
Founded: 2017
- Company Overview:
Mozn is an artificial intelligence company headquartered in Riyadh, Saudi Arabia, and Dubai, UAE. Mozn has expertise in Enterprise AI, which provides innovative solutions for data-driven decisions, operational efficiency, and digital transformation across various industries using machine learning and analytics.
- Company Services:
Mozn offers AI solutions in data management, risk intelligence, operational AI, and language intelligence. Its leading product portfolio includes FOCAL as its financial crime prevention offering, and the other product is OSOS, a generative Arabic AI. It caters to government, finance, and healthcare, offering custom solutions to several complex problems.
- Major Products by Mozn
FOCAL:
FOCAL is a technology-based platform concerning financial crime prevention and compliance. To ensure smooth operations, it helps businesses improve their decision-making processes through live fraud detection, customer due diligence, and AML compliance.
OSOS:
OSOS is one of the advanced Arabic language models, highly aligned with high precision understanding and generation of Arabic, domain-specific language; accuracy, providing businesses complete control over sensitive data and scalable integration for enterprises.
- Future in Industry
With the Google Cloud collaboration, Mozn will expand globally, and FOCAL and OSOS will join the Google Cloud Marketplace. This collaboration further cements Mozn’s strong position in AI while strengthening solutions for risk management and compliance for enterprises worldwide.
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Quant data and analytics
Founder: Ahmed Bukhamseen
Founded: 2015
- Company Overview:
The company strives to enhance the data components of an organization, comprehend data, and equip businesses with knowledge for achievement in decision-making and digitalization.
- Services provided by Company
Quant Enterprise streamlines operations and improves customer experience using AI, machine learning and advanced data analytics across the Food & Beverage, Retail, and Real Estate sectors.
The company has successfully developed models for property value assessment, customer segmentation, and inventory forecasting.
Quan focuses on business evolution and growth through its singular approach toward data analytics and business intelligence.
- Major Products by Quant data and analytics
Fruits360
The other gem product from Quant is Fruits360, through which customers can use their POS across the whole F&B organization.
It paints a picture effortlessly about the sales, stock, marketing operations, and customer activity.
That helps companies go further, waste fewer resources, and generate more profit. More prudent and AI-predicted stock control generates better decisions and helps develop progress.
Suhail
Suhail is an enabler for Quant, revolutionizing the real estate sector by using cutting-edge artificial intelligence, big data, and satellite imagery.
Suhail consolidates fragmented data to provide actionable insights on real estate appraisals, competition, and decision support.
This helps developers, government agencies, investment firms, and real estate agents boost profitability and efficiency.
- Future in Industry
ByQuant will further leverage its AI and data analytics expertise to fuel data transparency and literacy as the catalyst for digital transformation, capitalizing on the industry’s momentum in adopting data-driven decision-making. It will usher in more innovative business solutions that deliver operational efficiency across sectors, thus making the quality of living better.
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Takamul Technologies
Founder: Basil Al Dossary
Founded: October 2012
- Company Overview:
Headquartered in Al-Khobar, Saudi Arabia, Takamul Technologies leads digital transformation across industries.
Focusing on mobile and web app development, data analytics, and Industry 4.0 solutions, the company supports Saudi Vision 2030 through innovation and a knowledge-based economy.
- Services provided by Company
Takamul’s digital transformation services cover the entire digitalization process, from web and mobile to app development. They include digital strategy, data insights, AI, and machine learning.
Predictive analytics, augmented reality, digital twins, secure connectivity, and system integration are all included in their scope of work to enhance overall business performance.
- Major Service by Quant data and analytics
IR4.0 – A Significant Service of the Business
IR4.0 refers to the use of innovative technologies in the automation of industrial operations. Takamul uses AI, IoT, predictive analytics, and 5G solutions to enhance decision-making and performance. These technologies help organizations adapt to the Fourth Industrial Revolution’s conditions.
- Future in Industry
The outlook for Takamul is positive since the innovations in Industry 4.0, augmented by AI, IIoT, and predictive analytics, keep emphasizing digital transformation.
As organizations request alternative ways of achieving optimization and sustainability, Takamul will remain at the centre of improving operational efficiencies.
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Saal.ai
Founder: Vikram Poduval
Founded: 2018
- Company Overview:
Saal.ai is arguably one of the most competent AI solution providers based in Abu Dhabi, and it has expertise in healthcare, finance, and government services.
The company, however, plans to engage in AI operationalizations to automate the processes of building the AI systems and the AI business processes.
- Services provided by Company
Saal.ai applies artificial intelligence in health and finance, intelligent cities, corporate and energy, and others. Collections of this belonging include extensive size data analysis, artificial intelligence benefits in health care, energy management, urbanization, and so forth.
Within this field, they also offer TTS and STT services and Arabic APIs to build customizable assets that enhance the client’s competitive advantage through scalable solutions with impact-driven results.
- Major Product by Saal.ai
DigiXT
This product of Saal.ai aids in shortening any adoption gap between organizations. Because of its modular design, it allows various implementations in multitudes of sectors like health care, banking, other finance services, and power generation.
In addition, it also provides options for its use of cloud, on-premise or multi-cloud and allows for rapid use case development.
Moreover, this facilitates incorporating Arabic language applications or APIs for custom digital experience, which is highly localized for preferred outcomes and has great seamless integration for optimum interaction.
- Future in Industry
The solution’s versatility and adaptation allow the realization of successful cases, concentrating mainly on building appropriate technologies for the Arabic language for international competition.
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Retailo
Founder: Talha Ansari
Founded: 2020
Retailo is a Saudi-based e-commerce platform that empowers MENAP retailers with a digital ecosystem. It offers a B2B marketplace with thousands of products, price comparisons, and next-day delivery for 50,000+ retailers. Retailo aims to digitize traditional trade to make 10 million SMEs thrive and reach the necessary products.
- Services provided by Company
Retailo enables business-to-business marketplaces, competitive pricing, next-day delivery, credit buy for easy payment, hassle-free returns, discounts, and the Hisaab app for easy bookkeeping. It helps streamline SME and HORECA operations.
- Major Products by Retailo
HORECA
Retailo enables HORECA businesses in the UAE to have 24/7 deliveries, hassle-free returns, and continuous discounts. Credit Buy allows corporates to order bulk on credit with flexible repayment arrangements to help grow the business more efficiently.
Retailo App
Retailo’s app is a one-stop shop for all retailers, offering competitive prices with 24-hour delivery, making ordering restock at the best price available at any time.
Hisaab App
Hisaab is a free digital ledger offered by Retailo that simplifies bookkeeping and tracks lendings and borrowings. It also automatically sends reminders to hasten cash recoveries. Users can manage up to five accounts for easy financial organization.
- Future in Industry
Bright prospects – and a fabulous future for Retailo, driven by its emphasis on e-commerce and the empowerment of SMEs. Its user-friendly platform, credit options, and rapid delivery will undoubtedly propel it as the preferred B2B e-commerce platform while simultaneously affecting the development of retailers and HORECA businesses.
Conclusion
AI startups in Saudi Arabia are pivotal in the country’s transformation under Vision 2030. By leveraging advanced technologies across various industries, these companies are driving innovation, improving efficiency, and positioning Saudi Arabia as a global leader in AI and digital transformation.
