# IR4LAB

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ir4lab

- Industry: Software
- Headquarters: Saudi Arabia
- Website: www.ir4lab.com
- Total disclosed funding: $1.5M
- Latest round: Seed (Jun 30, 2021)
- Investors on record: 1

## About

IR4LAB, based in Dhahran, Saudi Arabia, specializes in advanced technology solutions, focusing on blockchain and artificial intelligence for diverse applications.Founded in 2017 by Majd Alafifi and Mohamed Kandri, IR4LAB operates out of Dhahran, Saudi Arabia. The company raised USD 1.5 mn in Seed funding on June 30, 2021, led by Saudi Aramco Entrepreneurship Ventures. This funding supports their growth in professional certification areas and enhances their partnership with Aramco’s Digital Transformation Office.IR4LAB specializes in advanced technology solutions, focusing primarily on blockchain, artificial intelligence (AI), and data analytics. Their key offerings include DocCerts, a blockchain-secured credentialing solution that helps institutions issue verifiable digital records, and SecuLedger, which utilizes smart contracts to optimize procurement and supply chain processes in various sectors such as pharmaceuticals and chemicals. These products serve a diverse clientele, predominantly in the Middle East, with plans for international expansion.IR4LAB generates revenue through B2B partnerships and direct sales, typically involving subscriptions or customized agreements. For example, clients using DocCerts may incur transaction fees per issued certificate, while SecuLedger operates on a project basis, charging for supply chain integration services. This structure enables scalable growth across sectors.Following their Seed funding of USD 1.5 mn on June 30, 2021, led by Saudi Aramco Entrepreneurship Ventures, IR4LAB will utilize the capital to broaden its customer base, expand its coverage to additional professional certification societies, and deepen its partnership with Aramco’s Digital Transformation Office. The company is also actively working on new products aimed at enhancing its technology offerings and is planning to extend its market presence beyond the Middle East by exploring opportunities in international markets.

## Funding rounds

- Seed, Jun 30, 2021, $1.5M — Saudi Aramco Entrepreneurship Ventures

## Investors

- Saudi Aramco Entrepreneurship Ventures (https://capitalatlas.ai/funds/saudi-aramco-entrepreneurship-ventures) — Seed