Nanovate secures $1mn in pre-seed funding

NOHA.GAD

Oct 15, 2025

Nanovate secured $1 million in a pre-seed funding round to expand operations in Saudi Arabia and the UAE

Cairo - Sharikat Mubasher: Nanovate, a Cairo-based AI company, successfully secured $1 million in a pre-seed funding round led by a group of angel investors.

In a statement today, Nanovate revealed that it will use the fresh capital to expand its presence in Saudi Arabia and the UAE, and scale its AI ecosystem to accommodate more industries.

This investment will also enable the company to develop deeper integrations with CRMs, ERPs, and business tools, invest in further AI R&D, and grow its team.

Backed by MINT Incubator by EG Bank and Raya FutureTECH Accelerator, Nanovate develops end-to-end Arabic AI solutions, including advanced voice and chat AI agents, automation systems, and customized AI solutions to help businesses across MENA operate faster, smarter, and in 22 dialects of their own language.

Ahmed Gamal, Co-Founder and CEO of Nanovate, commented: “This is not just another AI startup; it is a movement to put Arabic at the center of global innovation. We are building technology that understands us, speaks like us, and works for our region. With this round, we are ready to take Arabic AI to a whole new level.”

Nanovate, founded by Nancy Madbouly and Ahmed Gamal, has built its own LLM models to offer AI chat agents, automation systems, and customized solutions. In September, it launched the Beta version of its dashboard, allowing companies to build their own AI chat agent and more, combining Arabic-native language understanding, real-time speech and emotion AI, and workflow automation into one seamless ecosystem.

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Riyadh - Sharikat Mubasher: Workey, a leading Saudi property technology (PropTech) platform, successfully secured a strategic investment from Falak Investment Hub to accelerate its growth in the Saudi market.In a recent statement, Workey revealed that the new investment will empower it to officially launch its first version and develop the next generation of the platform, featuring AI-powered services and tailored solutions for investors.Workey will also use the investment to strengthen its position in Saudi Arabia’s business solutions ecosystem and open new horizons for innovation and expansion.Commenting on this milestone, Mohamad Al Mohamad, Founder and CEO of Workey, said: “We are proud of this partnership with Falak at a pivotal stage of our journey, a step that enables new horizons for growth and expansion in the proptech industry.”Workey offers bookings for offices, meeting rooms, event halls, and full headquarters across over 120 locations in Saudi Arabia, with flexible options starting from one hour up to a full year.

Saudi FraudTech Rased closes pre-seed round led by Wa’ed Ventures

Riyadh – Sharikat Mubasher: Saudi startup Rased, which specializes in AI-powered financial fraud detection and prevention, announced closing a pre-seed funding round led by Wa’ed Ventures and Share Investments, with participation from a group of additional investors.As per a recent press release, Rased offers an advanced AI platform capable of detecting and blocking digital fraud in real time—without compromising user experience or slowing down systems—while fully complying with the latest Saudi Central Bank regulations.The platform continuously analyzes behavioral and device signals, evaluating them within milliseconds to help financial institutions, banks, fintechs, and regulators intercept suspicious transactions before they escalate. It also provides comprehensive fraud case management and enables rapid system integration through APIs and SDKs.Rased’s solutions emphasize regulatory compliance, privacy protection, and audit readiness, supported by AI models that learn user behavior over time to reduce false alerts and improve detection accuracy, surpassing traditional rule-based systems.Currently serving clients across Saudi Arabia’s financial and fintech sectors, Rased plans to expand into the Gulf region and beyond, leveraging its scalable technology to meet the needs of digitally driven institutions.

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