# Intelmatix

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/intelmatix

- Industry: Software
- Headquarters: Riyadh, Saudi Arabia
- Website: www.intelmatix.ai
- Total disclosed funding: $20M
- Latest round: Series A (Jul 30, 2024)
- Investors on record: 7

## About

Intelmatix, based in Riyadh, Saudi Arabia, specializes in Decision Intelligence solutions, empowering enterprises with AI-driven insights for enhanced decision-making and operational efficiency.Founded in 2021, Intelmatix operates from Riyadh, Saudi Arabia. The company provides an AI platform that offers comprehensive decision-making capabilities across various sectors. Co-founders Almaha Almalki and Anas Alfaris previously worked in diverse tech fields. Intelmatix successfully completed two funding deals, with the most recent being a Series A round in July 2024, raising USD 20.000 mn led by Shorooq Partners.Intelmatix’s core product is the EDIX platform, a Decision Intelligence solution that democratizes AI access across enterprises. EDIX enhances decision-making through integrated data analysis, addressing challenges in inventory management and workforce optimization. Its clientele spans retail, logistics, healthcare, and government sectors, with a global presence including North America, Europe, and Asia.Intelmatix generates revenue primarily through a subscription-based model for the EDIX platform, allowing clients to access its suite of applications and AI tools via multi-year contracts. This model fosters long-term client relationships and predictable revenue streams, although specific pricing details remain undisclosed.Following a Series A funding round that raised USD 20.000 mn in July 2024, Intelmatix plans to accelerate growth by developing new product features for the EDIX platform and expanding into additional markets. The funding will support these initiatives, targeting specific regions for expansion to enhance their global presence.

## Funding rounds

- Series A, Jul 30, 2024, $20M — Olayan Group, Shorooq Partners, STV, Saudi Venture Capital Company, Rua Growth Fund, Zain Ventures
- Seed, Aug 3, 2021 — STV, Sultan Holding

## Investors

- STV (https://capitalatlas.ai/funds/stv) — Seed, Series A
- Sultan Holding — Seed
- Olayan Group (https://capitalatlas.ai/funds/olayan-group) — Series A
- Shorooq Partners (https://capitalatlas.ai/funds/shorooq-partners) — Series A
- Saudi Venture Capital Company (https://capitalatlas.ai/funds/saudi-venture-capital-company) — Series A
- Rua Growth Fund — Series A
- Zain Ventures (https://capitalatlas.ai/funds/zain-ventures) — Series A