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Thursday, Apr 18, 2024

Intella, a Leading Deep Tech Company in the Middle East, Relocates to Saudi Arabia to Capitalize on Growing AI Market

Intella, a Leading Deep Tech Company in the Middle East, Relocates to Saudi Arabia to Capitalize on Growing AI Market

Intella, a leading deep tech company in the Middle East, is relocating its headquarters to Saudi Arabia due to the country's growing AI market and its role in the AI revolution in the region.
The company aims to serve its existing clients and expand its business in Saudi Arabia, which is currently its largest market.

Intella provides AI-powered products for call centers, businesses, government, media agencies, and educational institutions.

The company's AI technology converts voice data into text and analyzes it for valuable information, with a focus on Arabic-language technology.

Intella has already established partnerships with several Saudi Arabian organizations and is working with governmental entities, consulting firms, tech companies, and contact centers.

The company is excited about the opportunities in Saudi Arabia and believes that the Kingdom holds a massive opportunity for AI adoption.

Intella, a Saudi Arabia-based transcription technology company, plans to expand its operations in the country by opening a new office in Riyadh and hiring more employees.

The company has seen an increasing demand for its services from Saudi media and podcast companies, which are using its self-service platform to obtain transcripts for their voice content to boost their search engine optimization.

Intella aims to be a market leader in the Saudi Arabia space and is actively hiring across a wide range of roles.

The company operates a Software-as-a-Service business model and has been profitable since its inception in 2021.

It has already quadrupled its revenue from the previous year and is expecting to double its workforce this year.

Intella has secured a $1 million investment last year through a funding round led by Hala Ventures and is wrapping up a larger round that will be announced soon.

The company won the Startup World Cup regional competition last February and will head to Silicon Valley to compete for a $1 million prize.

Saudi Arabia has positioned itself as a cornerstone for AI development in the region, with multi-billion dollar investments and initiatives set to reshape the sector.

The Kingdom's National Strategy for Data and AI aims to attract $20 billion in investments for AI initiatives, train 20,000 data and AI specialists, and certify 100,000 Saudi citizens in the sector by 2030.
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