# MOZN

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

- Industry: Software
- Headquarters: Riyadh, Saudi Arabia
- Website: www.mozn.sa
- Total disclosed funding: $10M
- Latest round: Series A (Feb 3, 2022)
- Investors on record: 4

## About

Based in Riyadh, Saudi Arabia, and founded in 2017 by Mohammed Alhussein (CEO), Khalid Al-Ghonaim, and Abdullah Alsaeed and Malik Alyousef, MOZN offers a suite of financial crime prevention products based on artificial intelligence (AI) for financial services institutions, health, and government organizations. In February 2022, MOZN raised USD 10 million in Series A funding led by investor RAED Ventures, with participation from other new investors Shorooq Partners, VentureSouq, Sukna Ventures, and other investors.

The company provides artificial intelligence (AI)-based products and solutions that make use of its proprietary Arabic Natural Language Understanding (NLU) platform for text recognition and fraud detection. The platform enables businesses and machines to read and process text, enabling applications like information extraction, text summarization, text classification, and question-answering, with better bandwidth and precision than manual processing.

The company intends to use the February 2023 funds to further enhance its Natural Language Understanding (NLU) engine and leverage its Arabic NLU and other languages across the globe.

## Funding rounds

- Series A, Feb 3, 2022, $10M — Shorooq Partners, RAED Ventures, VentureSouq, Sukna Ventures

## Investors

- Shorooq Partners (https://capitalatlas.ai/funds/shorooq-partners) — Series A
- RAED Ventures (https://capitalatlas.ai/funds/raed-ventures) — Series A
- VentureSouq (https://capitalatlas.ai/funds/venturesouq) — Series A
- Sukna Ventures (https://capitalatlas.ai/funds/sukna-ventures) — Series A