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  2. vminds.ai launches with six-figure pre-seed investment

vminds.ai launches with six-figure pre-seed investment

GHADA.ISMAIL
Feb 4, 2025
The platform consolidates over 150 AI tools, offering businesses and individuals a seamless, unified AI experience

Riyadh – Sharikat Mubasher: Saudi-based AI startup vminds.ai announced raising a six-figure pre-seed investment, enabling it to enhance its platform and officially launch its services.

The round was led by angel investors from various industries, signaling strong confidence in the startup’s vision to transform the digital economy by making AI tools accessible to a broader audience, according to an official press release.

Developed by VEEM Solutions, vminds.ai consolidates over 150 AI tools into a single platform, offering a wide range of services, including generative AI for text, images, and video, AI-driven data analysis, and productivity enhancement tools.

Founded by Ahmed Al-Mashhadi, a seasoned entrepreneur with 25 years of experience across multiple industries, vminds.ai aims to democratize AI by simplifying access to advanced technologies for both individuals and businesses.

On this occasion, Al-Mashhadi commented: "The core mission of vminds.ai is to democratize AI and make these technologies accessible and user-friendly for everyone, regardless of their technical expertise. Today, the AI industry is evolving rapidly, with a surge of fragmented tools and platforms, making it difficult for users to navigate and choose the best solutions.  Our platform simplifies access to AI tools in one place, offering a seamless user experience without the hassle of managing multiple subscriptions. This empowers individuals and businesses to leverage AI without requiring advanced technical expertise." The platform addresses key industry gaps, such as complexity in usage, high subscription costs, and a lack of customization for user needs.

Targeting the rapidly growing AI and cloud technology markets, vminds.ai plans to expand its user base to one million active users within two years. The startup also plans to launch an enterprise platform in 2025 and form strategic partnerships with technology providers and investors.

vminds.ai will showcase its innovations at major tech events, including AI Everything in Dubai, LEAP in Riyadh, and Web Summit in Qatar, positioning itself as a key player in the global AI landscape.

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Riyadh - Sharikat Mubasher: Rawajeh Group, a leading real estate developer in Saudi Arabia, signed an investment agreement to acquire a stake in Khwarizmi Holding.This strategic partnership aims to promote growth and maximize sustainable value in the Saudi market, according to a recent statement by Rawajeh Group.The investment aligns with Rawajeh Group’s expansion strategy that focuses on investing in companies with mature corporate structures, clear operational capabilities, and a long-term vision for growth.    Khwarizmi Holding adopts an investment model that focuses on building long-term value by diversifying investment tools, including venture capital (VC), private equity (PE), and global real estate funds. This aligns with Rawajeh Group’s approach towards investing in entities capable of achieving balanced and sustainable growth.Aqeel Alrajhi, CEO of Rawajeh Group, stated that the investment reflects the group’s confidence in Khwarizmi Holding’s robust business model and its ability to manage specialized investments in private markets efficiently.For his part, Ibrahim Almojel, Founding Partner at Khwarizmi Holding, affirmed that the partnership will help the company accelerate the execution of its investment strategy that focuses on building specialized platforms in private markets and developing diverse investment products that meet the expectations of institutional investors.Moreover, this collaboration reflects the shared vision of both entities to build an investment ecosystem that is based on integration and added value.

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