• Oman’s Rihal secured USD 7.5M in Series A first close led by ITHCA Group to accelerate expansion and SaaS product growth.
• Founded in 2018, Rihal specializes in data, AI, and software, serving government, telecom, logistics, and oil and gas sectors.
• The company plans regional and global expansion while seeking strategic investors for its second close to scale proprietary platforms.

Rihal

Oman’s Rihal secured USD 7.5 million in its first close of its Series A funding round led by ITHCA Group.

Founded in 2018, Rihal is a technology company specializing in Data, Software, and AI. It is a data-driven enabler that supports organizations in reaching their digitalization goals. Thus it provides solutions and services to a diverse client base across key sectors including government, logistics, telecom, and oil and gas. It offers a variety of services including data management, robotic process automation, artificial intelligence, IT resourcing, and software engineering.

Digitization 

Up next, with the funding it aims to accelerate its expansion into regional and international markets. It also aims to scale its proprietary platforms and tech solutions to meet rising global demand for advanced data and AI-driven products. Additionally, it seeks  to further its mission of driving digital transformation and creating high-value opportunities both locally and globally.

“Since our seed round, we have been laser-focused on sustainable growth, building a strong, diverse team, and delivering exceptional value to our clients. The continued partnership with ITHCA Group provides us with the resources to embark on our next chapter of global expansion and solidify our position as a market leader,” said Azzan Al Kindi, CEO of Rihal.

With its first close done, the startup is now aiming for its second close. It is aiming for investors aligned with its mission. This is a mission of delivering enterprise products that simplify data management and enable advanced data analytics across the region.