logo-en
  • Home
  • Companies
  • Investors
  • Opportunities
    • Home
    • SME Loans
  • FinTech Hub
  • News
LoginRegister
  • english iconEnglish
  • english iconArabic
  1. Mubasher News
  2. Impact46 invests $13.3mn to fuel Cipher’s growth plans

Impact46 invests $13.3mn to fuel Cipher’s growth plans

GHADA.ISMAIL
Nov 28, 2024
The fresh capital is intended to drive Cipher's growth and technological innovations at the local and global levels

Riyadh – Sharikat Mubasher: Impact46, a leading investment and advisory firm in the kingdom announced a SAR 50 million ($13.3 million) investment in Cipher for Cybersecurity solutions, as part of a pre-offering round.

This investment comes in line with Cipher's vision to lead the future of cybersecurity, aiming to bolster its growth and technological innovations at the local and global levels, according to a statement by Impact46.

Founded in 2019, Impact46 has quickly established itself as a leading asset management firm focused on venture capital in the Kingdom and is one of the first venture capital-focused companies authorized by the Capital Market Authority (CMA).

Impact46 focuses on investing in tech startups and operates as both an asset management and arrangement advisory firm. Currently, the majority of the company’s portfolio consists of Saudi-based ventures, reflecting our deep roots and integration with the local ecosystem.

Tags

Impact46
Cipher
fund
cybersecurity
Share

Attract clients with your ad

Start Now

Trending

QIA co-leads $250mn funding round for Kardium Inc
MUBASHER
PIF’s SURJ Sports Investments in talks to invest in T100 Triathlon
MUBASHER.SA
KAPSARC unveils new corporate identity
MUBASHER.SA
Cityscape Global returns to Riyadh in November 2025
MUBASHER.SA
Johnson Controls Arabia earns all four ISO Customer Satisfaction Certifications
MUBASHER.SA

Related News

Funding News
Calendar Icon
Jul 2, 2025
QIA co-leads $250mn funding round for Kardium Inc
Read More
Funding News
Calendar Icon
Jul 1, 2025
Riyadh-based Flawless raises $1.5mn pre-seed round
Read More
Funding News
Calendar Icon
Jul 1, 2025
PetroApp secures $50mn to fuel expansions, prepare for potential IPO
Read More
Funding News
Calendar Icon
Jun 30, 2025
Saudi MSMEs receive SAR 383 bn credit facilities in Q1-25
Read More
Funding News
Calendar Icon
Jun 29, 2025
Saudi Impact 46 backs $5mn round for Spekter Games
Read More
Funding News
Calendar Icon
Jun 29, 2025
idea-L secures $1mn to launch AI-powered cofounder platform in Middle East
Read More
Funding News
Calendar Icon
Jun 25, 2025
MEVP joins $55M series A for AppliedAI
Read More

Sharikat Mubasher Newsletter

Get insights and exclusive content from the world of business and finance that you can trust delivered to your inbox

Email is Required
Should be a valid email

Democratizing private equity investments

  • Home
  • Companies
  • Investors
  • FinTech Hub
  • Opportunities
  • News
  • Contact Us
  • Sitemap
2024 All rights reserved to Sharikat Mubasher