Intella raises $3.4m seed funding from Aramco’s Ventures and HALA Ventures
Intella, an emerging AI company based in Egypt, has secured $3.4 million in a pre-Series A funding round led by HALA Ventures and Saudi Aramco’s Wa’ed Ventures.
With this funding, the startup intends to expand its operations in the Middle East and North Africa, while also investing in the enhancement of Intella Voice, its multi-dialect Arabic transcriber tool.
In addition to attracting attention from prominent ventures in Saudi Arabia, the funding round also piqued the interest of Sanabil 500, a subsidiary of the Saudi Public Investment Fund, and the INSEAD Angel Investors network.
Nour Taher, CEO and co-founder of Intella stated, 'The investment will support Intella in bridging the gap between the Arab-speaking world and advancements in AI, enabling us to enhance our product suite and solidify our leadership in voice technology innovation. This funding will also facilitate Intella's expansion into Saudi Arabia, where we established our headquarters in May, positioning us to tap into the kingdom's burgeoning technology and AI sectors. Saudi Arabia is rapidly becoming a hub for technological advances, aligning perfectly with our expansion plans.'
Omar Mansour, Chief Technical Officer and co-founder of Intella added, 'Our voice technology tailored for Arabic dialects has set new industry benchmarks. We are now moving beyond mere transcription, focusing on audio analytics, including summarization, sentiment analysis, topic extraction, and call scoring. We are pushing the boundaries of what AI can do for voice in our region, ensuring the region's relevance in global technological trends.'
The AI startup stated that it leverages its DeepTech expertise to address the increasing demand for specialized Arabic voice technology. DeepTech refers to technology that specializes in advanced sectors, including AI, robotics, blockchain, and quantum computing. Intella's service underwent extensive Arabic audio testing, lasting over 30,000 hours, and achieved a remarkable accuracy rate of 95.73%, positioning it as a strong competitor in this space.'
The company previously raised $1 million in seed funding from HALA Ventures in March 2023, in a round led by the Egyptian Ministry of International Cooperation and its Ventures.