WideBot, an Egyptian AI company, has secured $3 million in a Pre-Series A funding round led by Keheilan Asset Management, backed by Al Wafra II, alongside Enza Capital. DisrupTech Ventures, Den VC, and SparkLabs Ventures participated in the round.

More to Know:

• Mohamed Nabil, Mohamed Mostafa, and Saif Ahmed founded Widebot in 2016.
• The company develops conversational AI chatbots that help businesses and government agencies communicate with their audiences.
• Recently, it launched the Arabic LLM generative AI model “AQL”.
• It said that funds will be used to accelerate its expansion in AI product development, particularly for its proprietary AI model, AQL, within Saudi Arabia.
• According to Widebot, its footprint spans more than 12 countries.

Related Comments:

• Mohamed Nabil, CEO and Co-Founder of WideBot AI, said: “We believe AI is a fundamental driver of economic and social growth in the Kingdom. Our mission is to develop AI that embodies our culture and identity while respecting our privacy—AI that originates from Riyadh and extends to the entire Arab world.”
• He further emphasized: “This investment will help us fast-track the development of specialized AI solutions that contribute to achieving Vision 2030 goals, such as economic diversification, job creation, and enhanced government efficiency. We are proud to be part of this digital transformation.”
• Salah Khashoggi, Chairman of Al Wafra II, highlighted that this investment aligns with the company’s commitment to supporting transformative tech firms in Saudi Arabia, particularly those in AI and fintech. He noted that the Keheilan Deep Tech Fund plays a vital role in financing innovative startups that contribute to Vision 2030.