Riyadh - Sharikat Mubasher: RedCloud Holdings, the builder of intelligent infrastructure for global trade, signed a five-year agreement worth $30 million to deploy its Realtime AI for Distribution (RAID) engine in Saudi Arabia.
The deal supports the development and rollout of RAID across the Saudi $68 billion FMCG market, targeting systemic inefficiencies in how goods are bought, distributed, and sold, the company announced in a recent press release.
This agreement will operationalize RedCloud’s joint venture strategy in the region, aiming to combine local market infrastructure with RAID's developing AI-driven intelligence layer to enable real-time, data-led decision-making across supply chains.
Commenting on the deal, Justin Floyd, CEO and Co-Founder of RedCloud, said: "Global supply chains are losing close to $2 trillion annually to decisions made without intelligence. This agreement brings RAID, our AI infrastructure, into one of the most important and fast-moving FMCG markets in the world.”
He highlighted that RAID provides the intelligence infrastructure that global FMCG trade decisions need, in the same way NVIDIA's CUDA made AI possible by providing the compute infrastructure that every AI application runs on.
By embedding intelligent infrastructure into the flow of goods, RedCloud enables faster, more predictable trade, improved product availability, and stronger economic participation across manufacturers, distributors, and retailers.
Moreover, the agreement aligns with the Saudi Vision 2030 agenda and supports the development of a more efficient, digitally enabled, and self-sustaining economy.
