Riyadh - Sharikat Mubasher: Asas Specialized Information Technology, the parent company of the innovative Resquad AI platform, raised SAR 1.2 million in a pre-seed funding round with participation from prominent angel investors, the company unveiled in a press release.

The round, which was led by angel investor Abdulrazzaq Al-Ansari, will fuel the company’s growth and enhance innovative solutions to transform how software development companies collaborate globally.

Resquad AI will use the investments to broaden its reach across the Kingdom to serve all sectors undergoing digital transformation, further develop its platform, and continue to deliver unparalleled value to its growing network of partners.

Resquad AI enables software development companies to flexibly share their available developers with each other or with external clients, addressing the growing demand for adaptable talent and resources within the tech industry.

Abdullah Al-Jafaari, CEO of Asas Specialized Information Technology, said: “In a short period, our team has delivered remarkable results, with our growth doubling for three consecutive months. This phenomenal progress is a clear testament to the trust our clients have placed in us and is a strong validation of our business model.”

Meanwhile, Al-Ansari affirmed that the investment is a vote of confidence in both the team and the vision Resquad AI is working to realize.

Asas Specialized Information Technology is a leading technology company specializing in providing innovative solutions that meet the needs of evolving businesses worldwide.