Riyadh – Sharikat Mubasher: Saudi-based Edama Solutions for Information Technology announced it has secured an angel investment to accelerate the growth and regional expansion of its AI-powered internal audit platform, Edama Audit.
As per the company’s press release, the funding will support the development of advanced AI capabilities within the platform while strengthening the company’s presence across regional markets. Edama Audit is positioned within the RegTech space, using artificial intelligence to automate complex audit workflows, analyze large datasets in real time, and improve risk assessment accuracy.
The platform is designed to help organizations enhance governance, transparency, and compliance by transforming traditional internal auditing into a more data-driven and proactive function. It also enables auditors and risk managers to identify vulnerabilities early and make more informed decisions.
Naif Al Khalifah, Founder and CEO, said the investment reflects growing market confidence in AI-driven audit solutions, noting that the company aims to redefine internal auditing by embedding AI into decision-making processes.
The new capital will also be used to expand ESIT’s technical team and meet increasing demand for intelligent governance solutions, as businesses across Saudi Arabia continue to adopt digital tools aligned with Vision 2030.
