AHOY raises $20m in its latest funding round

AHOY raises $20m in its latest funding round

AHOY, a tech infrastructure company, is enabling a new future of movement and mobility digital networks. It also revealed the details of the latest funding round of $20 million, which takes the total investment from inception to $27 million. The company also plans to do a bridge funding round in the following months to boost its scale-up globally prior to the Series A round.

The startup have focused on reimagining movement technology and developed a tech infrastructure to optimize and automate any movement related process. This will enable endless startups, corporates, governments and more to move forward, efficiently and sustainably.

“The deployment of the AHOY technology across all mobility related sectors offers endless possibilities. This year, AHOY aims to provide 100+ job opportunities for highly skilled software professionals in Dubai and Riyadh. We aim to increase the research and development team activities in UAE & Kingdom of Saudi Arabia and scale our presence into international markets,” Jamil Shinawi, CEO & Co-Founder said.

AHOY hosts regular hackathons for attracting tech talent and allows participants to devise tech solutions that serve a variety of business sectors, he stated.

The company has also announced launching their own startup studio, The Orchard, to support and promote a new generation of startups looking to add real value and create change. 

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