Signit Secures $15M for AI-Driven Contract Management Expansion in Saudi Arabia

Mohammed Fathy

Last updated 20-04-2026

4 min

Saudi startup Signit raises $15m to expand AI contract management.

Licensed by the Digital Government Authority, it serves over 700 clients.

‘The signature is just the beginning,’ says CEO Mohammed Alaboori.

New AI platform will draft, negotiate and track contracts securely.

Investors see AI-led CLM as backbone of Saudi digital transformation.

Saudi startup Signit has raised $15 million in a Series A round, as it looks to push deeper into AI-powered contract management and expand its footprint across the Kingdom. The round was led by Raed Ventures, with participation from STV, Seedra Ventures, Takamol Ventures and Suhail Ventures.

Founded in 2021, Sign It began with a clear mission: make digital signatures legally binding and easy to use in Saudi Arabia. It is licensed by the Saudi Digital Government Authority (DGA) as a trust service provider, a detail that matters more than it sounds. In a market where compliance can be, frankly, a bit of a faff, regulatory approval is not just a badge. It is the backbone of trust.

Today, more than 700 clients across large corporates and various sectors rely on the platform to create, sign and manage agreements digitally. That alone signals strong traction. But the company’s ambition goes well beyond e-signatures.

With the new funding, Sign It plans to roll out a full contract lifecycle management (CLM) platform powered by AI. In simple terms, this means businesses can draft, negotiate, track and manage contracts in one secure space instead of juggling emails, PDFs and endless versions called “final_v3_really_final”. Well… we’ve all been there, haven’t we?

Mohammed Alaboori, Co-founder and CEO of Sign It, said the company initially focused on digital signatures to address a pressing gap in the market. “But we believe the signature is just the beginning,” he noted, explaining that the real waste of time and money often sits in the preparation and follow-up stages surrounding a contract. The new capital, he added, will help build an integrated platform where contracts can be created, negotiated and approved within a secure digital environment fully aligned with Saudi regulations. A key part of that vision is an “intelligent contract assistant” designed to save time while ensuring full legal validity.

The startup is also developing enhanced AI capabilities for drafting and negotiation, alongside a stronger digital certificate infrastructure to secure documents. That combination, AI on one side, compliance on the other, could prove spot on for enterprises that want speed without compromising legal certainty.

From the investor side, confidence seems high. Omar Almajdouie, Co-founder at Raed Ventures, pointed out that Sign It has already built solid infrastructure in the e-signature space. He believes AI-driven contract management represents a much larger opportunity and described it as a natural next step in AI-led digital transformation.

Dr Mazen Alzaidi, General Partner at STV, echoed that sentiment, saying AI is set to reshape how contracts are managed and negotiated. In his view, Sign It is not treating AI as an add-on feature but embedding it at the core of its platform, positioning the company as a potential innovation leader in Saudi Arabia’s CLM market.

The company also expressed appreciation to the Digital Government Authority for enabling trusted digital services, highlighting the role of its digital trust certification in supporting secure adoption across public and private sectors. It also acknowledged the Ministry of Communications and Information Technology for its wider efforts to strengthen the digital economy, particularly as Saudi Arabia prepares to mark 2026 as the Year of AI.

I have seen, through conversations with founders in Riyadh and Jeddah, how contract delays can slow down entire deals, sometimes for weeks over minor wording. If Sign It’s AI assistant does what it promises, it could definately save companies serious time and money. And in a fast-moving startup scene, that edge can make all the difference.

On the flip side, the CLM space is becoming crowded globally. That said, Sign It’s regulatory positioning inside Saudi Arabia gives it a home-ground advantage that is hard to ignore.

For the MENA startup ecosystem, this round feels like another signal that AI is moving from buzzword to backbone. And for readers of Arageek who follow the region’s digital shift closely, it is one more example of local startups building infrastructure, not just apps, for the next chapter of business in the Kingdom.

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