Home News Intella secures $3.4 Mn pre-Series A round led

Intella secures $3.4 Mn pre-Series A round led

by HALA Ventures, WAED. Egyptian Deep Tech Startup Intella Secures USD 3.4 Mn in a Pre-series A funding Round.Company to Move Its Headquarters From Cairo to Riyadh

By Inc.Arabia Staff
images header

Egyptian deeptech startup Intella, has closed a $3.4 million pre-Series A funding round, led by HALA Ventures and Wa'ed Ventures, the VC arm of Aramco, with participation from Sanabil 500 and INSEAD's alumni angel network, along with other investors.

According to a recent company statement The seed round was led by Saudi VC Hala Ventures and Armco-owned Wa’ed Ventures, with participation from Snail 500 and Insead’s angel investors network.

Founded in 2021, the startup bills itself as the region’s “first real-time intelligence provider,” and provides a suite of AI-powered services including voice transcription, chat, and market research.

The funding is intended to support Intella’s cross-border expansion into Saudi Arabia and accelerate its development of AI. “Saudi Arabia is quickly becoming a hub for technological advances. This move fits perfectly with our plans for expansion,” Intella CEO Nour Taher said. The startup recently announced plans to relocate the Startup’s headquarters from Cairo to Riyadh.

As part of their ongoing efforts to refine their technology, Intella put their system through testing of over 30,000 hours of Arabic audio. Intella Voice resulted in a 95.73 per cent accuracy rate, surpassing established tech leaders like Google’s speech-to-text, Open AI’s whisper, Meta’s seamless M4T, and IBM Watson.

Omar Mansour, Co-founder and CTO of Intella, added, "Our voice technology tailored for Arabic dialects has set new industry benchmarks. And now, we're moving beyond mere transcription, and focusing on audio analytics—including summarization, sentiment analysis, topic extraction, and call scoring. We're really pushing the boundaries of what AI can do for voice in our region."

Ali Abussaud, Founding Managing Partner of HALA Ventures commented, "We're excited to back Intella's vision. They're making significant strides in connecting global AI progress with the needs of the Arab-speaking community, and it's exactly the kind of initiative the region needs right now."

Photo Courtsey of Intellaworld.com 
Last update:
Publish date: