Riyadh, Saudi Arabia – August 19, 2024 – Asas Specialised Information Technology, the parent company behind the innovative Resquad AI platform, today announced the successful closure of a SAR 1.2 million pre-seed funding round. The investment, secured from prominent angel investors, is set to accelerate the company’s growth and further enhance its pioneering solutions, which are transforming global collaboration in the software development industry.
Resquad AI is a cutting-edge platform that allows software development companies to seamlessly share their available developers with other firms or external clients. This unique solution addresses the increasing demand for flexible talent and resources within the tech industry, empowering companies to streamline operations and achieve efficient growth.
Abdullah Abdulaziz Al-Jafaari, CEO of Asas Specialised Information Technology, expressed his excitement about the successful funding round. “We are incredibly proud to have earned the trust and support of our investors at such an early stage. Our team’s relentless effort has led to remarkable achievements, with our growth doubling for three consecutive months. This progress not only reflects the confidence our clients have in us but also validates our business model. This investment will allow us to maintain our momentum and deliver even greater value to our partners and clients.”
The funding round was led by Mr. Abdulrazzaq Mohammed Al-Ansari, a prominent angel investor, who shared his reasons for backing the company. “Resquad AI’s rapid growth at this early stage is truly impressive. The team’s deep industry knowledge and expertise give me confidence in their ability to scale this platform to meet the growing demands of the software development community. This investment is a vote of confidence in both the team and the vision they are working towards.”
With the infusion of new capital, Resquad AI is poised to expand its reach across the Kingdom of Saudi Arabia, catering to sectors undergoing digital transformation. The company plans to further develop its platform, continuing to deliver exceptional value to its expanding network of partners.
Asas Specialised Information Technology is a leading tech firm dedicated to providing innovative solutions that meet the evolving needs of businesses worldwide. Through its flagship product, Resquad AI, the company is redefining collaborative software development, enabling firms to maximize the potential of shared talent and resources.
Aligned with Saudi Arabia’s Vision 2030, which emphasizes digital transformation, Asas Specialised Information Technology is committed to using its expertise to help clients achieve their goals and harness the full potential of technology.
