Lucidya, an AI-powered Social Media Analytics for Business just closed their Series A round, raising SAR 4 million (more than $1.1 million), according to a press release posted on their website. The round was led by Business Incubator & Accelerator Company, and Monsha’at, followed by Abunayyan Holding, and a couple of other investors.
Founder and CEO of
“The investment will help us develop and enhance our products and tech solutions to the highest international standards,” Abdulla comments.
Hatem Kameli, Co-founder, and CMO of
The startup Lucidya was launched in 2016. Within two years, the company managed to enhance their AI products and services to provide real-time analytics for social media channels and websites. It has received a number of awards and has served a number of clients with their advanced AI-powered tools.
For more information about the investment, read here.