Bahraini AI-based startup announced the closing of a series A funding round at more than US$5 million, according to a company’s press release.
The real-estate startup has revolutionized the property sector through a product that allows users to check a unit and get its evaluation instantly.
The funding round was backed by family groups from Saudi Arabia and Bahrain.
Founded in 2009 by Mahmoud AlJarrah, Roobesh Modi, and Sanjay Goyal, the startup will prioritize the new investment to boost product development, support its team, and upgrade its technology infrastructure. The main edge for the start-up is the utilization of Data Science and Artificial Intelligence (AI) models in the development of consumer and company applications.
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