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Saudi AI startup Intelmatix secures investment from STV and Sultan Holdings
Saudi Arabia-based AI startup Intelmatix has raised an undisclosed investment round, led by STV and Sultan Holdings.
Founded in 2021 by a group of MIT graduates led by Anas Alfaris and Ahmad Alabdulkareem, Intelmatix provides both public and private sectors with accessible AI and advanced analytics that delivers technologies to improve operations, productivity, growth, and sustainability.
Intelmatix’s technology currently focuses on “location intelligence” which maps the relationships between spatial, social, economic, and demographic data and makes predictions using AI and advanced analysis to solve problems of “where, what, when?”. It gives previously unavailable insight for high-stakes business decisions, such as choosing the most profitable location for a new branch, the best land to invest in, or where to optimally place storage and operations centres for logistics companies.
AI company Intelmatix closes funding round led by STV & Sultan Holdings saudigazette.com.sa - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from saudigazette.com.sa Daily Mail and Mail on Sunday newspapers.