Riyadh – Zetta, a Saudi Arabia-based Device-as-a-Service (DaaS) company, has announced the successful closing of a $12 million investment round led by Core Vision Investment and Ab’ad Al-Watan Investment.
Founded in 2023 by Faisal Al Abdulsalam, Tabreez Mohiuddin, Waleed Altheeb, and Saeeduddin Shah, Zetta offers businesses access to devices through a subscription model with flexible payment plans, enabling companies to optimize their technology usage.
The newly raised funds will support Zetta’s expansion in the Saudi market and drive the development of its integrated device solutions. This follows the company’s $1.5 million pre-seed round last year, also led by Core Vision.
Commenting on the milestone, Badria Masrahi, CEO of Zetta, said:
“We value the trust of our investment partners and remain committed to developing integrated technology solutions that align with the aspirations of the Kingdom’s digital transformation.”
Faisal Al-Abdulsalam, Founder and CEO of Core Vision, added:
“Zetta represents a promising national model in the tech sector. We believe in its strong potential to drive meaningful change in the local market, and we are proud to support it during this pivotal stage.”
