shorooq-partners
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DXwand
DXwand is a Dubai- and Cairo-based enterprise AI company whose ORXTRA platform lets large organisations build and deploy generative AI agents on top of their own documents, databases and workflows. Founded in 2018 by two former Microsoft executives, Ahmed Mahmoud and Mahmoud Gomaa, the company built its edge on two hard problems most Western vendors skipped: understanding spoken Arabic across its many dialects, and running useful AI cheaply enough that a bank or a ministry can afford to put it in front of millions of people. Its knowledge-mining and RAG engine removes the manual data-labelling step that normally stalls enterprise AI projects, and its agents ship as pre-built modules for customer service, procurement and HR, or as custom builds through a no-code Agent Builder that supports 20+ language models and 80+ data sources. DXwand serves financial services, government, healthcare, telecom, education, media and retail clients across MENA, has raised roughly $6.9 million to date including a $4 million Series A led by Shorooq Partners and Algebra Ventures, and says it reached about $5 million in annual recurring revenue while remaining profitable.
Intelmatix
Intelmatix is a deep-tech enterprise AI company founded by MIT-trained technologists that builds EDIX, an Enterprise Decision Intelligence Platform designed to act as a 'digital brain' for organizations. Using context-aware AI agents, knowledge graphs and generative AI, EDIX lets companies sense, learn, decide and act across functions like demand forecasting, inventory, workforce planning and site selection - without needing an in-house data science team. Headquartered in Riyadh with offices in London and Boston, Intelmatix focuses on the MENA region, training on local context data that global platforms overlook. It raised a $20M Series A in 2024 - the region's largest AI Series A of its kind - and in 2025 became the first Saudi and MENA AI company named a World Economic Forum Technology Pioneer.