AI

Top Startups in KSA, (Riyadh)

Majd Alshikh
Majd Alshikh

10 min

Walk around Riyadh these days and you’ll see a city quietly buzzing with the kind of energy only a thriving startup scene can bring. With Saudi’s Vision 2030 speeding up reforms and investment, founders and early-stage startups now have more at their fingertips than ever—whether it's world-class accelerators, generous VC funding, or specialist co-working spaces.

Startups here aren’t just benefiting from homegrown angel investors and a friendly regulator; they’re shaping the future of everything from logistics and fintech to agtech and AI-driven customer experience. According to Arageek and plenty of plugged-in locals, Riyadh is fast turning into the beating heart of MENA’s startup ecosystem.

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Startup list in Riyadh, KSA (A–Z)


Center3

Center3 is one of those behind-the-scenes players with huge strategic weight. Backed by STC, they’re laying the digital rails to make Saudi Arabia a major hub for international data connectivity—you might never see their work, but every founder and freelancer here benefits from it. By shifting Saudi from a market that imports tech to one that ships connectivity worldwide, Center3 is helping lock down Riyadh’s position as a crossroads for business, finance, and global networks.

Headquarters3066 Hisham Ibn Abd Al Malek, Al Mursilat, building 1, Riyadh 12464, Saudi Arabia
Sector / IndustryTelecommunications
Funding Stage / StatusPublic Company
Total Funding Raised$100.7B
Founding Date2022
Founding TeamFahad AlHajeri (CEO)
Core Product / ServiceInternational data connectivity and data center services
Target MarketsMENA region and international data connectivity across Europe, Asia, and Africa
Latest MilestoneEstablishment as a subsidiary of STC Group to position Saudi Arabia as a regional data hub
Number of Employees10,001+
Contact Email[email protected]
Phone Number+966 50 575 8966
Websitehttps://center3.com/
LinkedInhttps://www.linkedin.com/company/center3

With their infrastructure play, Center3 highlights the importance of thinking several steps ahead—especially when scoping international ambitions or negotiating complex cap tables.


Foodics

Foodics is one of those rare platforms that actually makes life easier for restaurant owners across the MENA region. Their all-in-one cloud-based system wraps up everything from point-of-sale to inventory, ordering and even delivery management, all through an iPad. With more than 100 integrated apps in its ecosystem, Foodics offers much more than a typical RMS—think streamlined operations for thousands of eateries and food brands. Their ambition hasn’t gone unnoticed, either: Foodics scooped up Solo Venture in the UK for its self-ordering kiosks, showing a clear appetite for becoming the backbone of F&B tech in the region.

HeadquartersAl Imam Saud Ibn Faysal Rd، 2 Floor،, Riyadh 13515, Saudi Arabia
Sector / IndustryRestaurant Technology / Food and Beverage Tech
Funding Stage / StatusScale Stage
Total Funding RaisedOver $170 million
Last Funding Date2024
Total Funding Rounds5
Founding Date2014
Founding TeamAhmad Al-Zaini (CEO), Musab Alothmani (CTO)
Core Product / ServiceCloud-based POS and restaurant management system
Target MarketsRestaurants and food service businesses in MENA region
Latest MilestoneAcquisition of Solo Venture in February 2025
Number of Employees501-1000
Contact Email[email protected]
Phone Number+966 800 100 0119
Websitehttps://www.foodics.com/
LinkedInhttps://www.linkedin.com/company/foodics

For founders, Foodics proves why a robust cap table, smart use of tech, and a watchful eye for new funding rounds make all the difference in scaling up within the Riyadh startup ecosystem.


Lucidya

Lucidya nails what every ambitious founder wants: actionable customer insights. They built a unified AI-driven platform that listens in on customer sentiment and activity, mostly across social and digital channels. That translates to richer marketing decisions and smarter service tweaks. Their recent partnership with Unifonic is one to watch—it folds real-time customer engagement and feedback into a single pane of glass for Saudi businesses hunting for a data advantage.

HeadquartersPrince Turki Bin Abdulaziz Al Awwal Rd, Al Mohammadiyyah, Riyadh 12362, Saudi Arabia
Sector / IndustryArtificial Intelligence / Customer Experience
Funding Stage / StatusSeries B
Total Funding Raised$7.1 million
Last Funding DateJanuary 17, 2022
Total Funding Rounds3
Founding Date2016
Founding TeamAbdullah Asiri (Founder and CEO)
Core Product / ServiceAI-powered customer experience management platform
Target MarketsMENA region
Latest MilestoneSecured SAR 5 million grant from Saudi Arabia's National Technology Development Program in May 2025
Number of Employees51-200
Contact EmailBy https://www.lucidya.com/contact-us
Websitehttps://www.lucidya.com/
LinkedInhttps://www.linkedin.com/company/lucidya


This is why nimble partnerships, flexible founders, and a pinch of AI magic are fast becoming table stakes for early-stage startups in Riyadh.


RedBox

RedBox is changing the map for last-mile delivery in Saudi. Their smart parcel lockers—popping up at hundreds of locations—let people pick up and return packages whenever suits, tackling old problems like missed deliveries or tricky building access. As e-commerce keeps rising, efficient delivery and trusted logistics are now essential for both shoppers and online sellers. With its tech-driven approach and network, RedBox is quickly becoming a backbone for Saudi’s e-commerce.

HeadquartersKing Fahad Road, Kingdom Tower, Riyadh, Saudi Arabia
Sector / IndustryTransportation, Logistics, Supply Chain, and Storage
Funding Stage / StatusPre-Series A
Total Funding Raised$5 million
Last Funding DateMay 2022
Total Funding Rounds2
Founding Date2019
Founding TeamDr. Thamer Altuwaiyan (Co-Founder and CEO), Zun Phan (Co-Founder and CTO)
Core Product / ServiceSmart parcel lockers and last-mile delivery solutions, including services like RedBox Express (locker-to-locker and locker-to-door), international shipping, returns, and a "Locker as a Service" (LaaS) model for businesses
Target MarketsSaudi Arabia, with expansion plans into the UAE and other GCC countries
Latest MilestoneAs of October 2024, RedBox has expanded its network to over 1,100 smart locker points across 81 cities in Saudi Arabia, serving more than 2 million customers
Number of Employees51–200
Contact Email[email protected]
Phone Number+966 800 111 1960
Websitehttps://redboxsa.com/
LinkedInhttps://www.linkedin.com/company/redboxsa


Clearly, a smart founder knows how to spot an infrastructure pain-point, pitch hard, and snap up the right VC term sheet before someone else nicks their idea.


STC Pay

STC Pay hardly needs any introduction if you live in Saudi. Backed by the telecom giant, it’s the one fintech unicorn that really smashed through the glass ceiling. As the Kingdom’s first licensed digital wallet, it lets millions send, receive and spend with a few taps—whether you’re a consumer or a business. If you’re looking for role models in Riyadh’s fintech space, STC Pay’s journey from zero to unicorn proves early access to accelerators and friendly regulators can pay off, literally.

HeadquartersRiyadh, Saudi Arabia
Sector / IndustryFintech / Digital Payments
Funding Stage / StatusUnicorn
Total Funding Raised$200 million
Last Funding DateDecember 22, 2020
Total Funding Rounds1
Founding Date2018
Founding TeamSubsidiary of STC Group
Core Product / ServiceDigital wallet and payment solutions
Target MarketsSaudi Arabia
Latest MilestoneRanked #2 startup in Saudi Arabia for April 2025
Number of Employees201-500
Contact Email[email protected]
Phone Number+966 920011444
Websitehttps://www.stcpay.com.sa/
LinkedInhttps://www.linkedin.com/company/stc-pay

STC Pay’s story sums up why building early trust, managing your term sheet well, and leveraging strategic partnerships is key if you want staying power on the Saudi scene.


Tabby

Tabby is proof positive that fintech innovation doesn’t have to be complicated to make an impact. Their twist on Buy Now, Pay Later helps shoppers split payments over four months with zero interest and no late fees. It’s no wonder they’ve rocketed to the top spot on Saudi's startup leaderboard, making them the go-to name for flexible, no-fuss credit that feels much more 2025 than the old-school banks ever did. In a culture embracing digital wallets and smarter spending, Tabby seems to have timed their run just right.

Headquarters7259 Jabal Ashaqir, 3631 As Sahafah District, Office 16, Riyadh 13315, Saudi Arabia
Sector / IndustryFintech – Buy Now, Pay Later (BNPL)
Funding Stage / StatusSeries E
Total Funding RaisedOver $1.5 billion (including equity and debt)
Last Funding DateDecember 21, 2023
Total Funding Rounds5
Founding Date2019
Founding TeamHosam Arab, Daniil Barkalov
Core Product / ServiceFinancial services app with BNPL, digital accounts, and money management tools
Target MarketsSaudi Arabia, United Arab Emirates, Kuwait, Egypt
Latest MilestoneAchieved a valuation of $3.3 billion following a $160 million Series E funding round in February 2025; preparing for an IPO on the Saudi stock exchange
Number of Employees500+
Contact Email[email protected]
Phone Number+966 800 111 0999
Websitehttps://tabby.ai/en-sa
LinkedInhttps://linkedin.com/company/tabby

And that kind of traction underlines the power of picking a gap in the market, with solid seed funding and a killer pitch deck.


Tamara

Tamara is making payment flexibility second nature for Saudi shoppers. Their Buy Now, Pay Later service, now one of the top startup names in the kingdom, makes shopping at well-known brands easier—with options to pay in full or split over time. Tamara’s focus is on user experience, which explains their rapid climb within the fintech herd. If you want a template for how to make customer convenience pay off, Tamara’s approach to user engagement and merchant partnerships is a top-tier case study.

HeadquartersKing Abdullah Branch Road, King Salman District, Building No. 2907, Postal Code 12444, Riyadh, Saudi Arabia
Sector / IndustryFintech / Buy Now, Pay Later (BNPL)
Funding Stage / StatusSeries C
Total Funding RaisedOver $500 million in equity and more than $400 million in debt financing
Last Funding DateDecember 18, 2023
Total Funding RoundsAt least 7 rounds
Founding Date2020
Founding TeamAbdulmajeed Alsukhan (CEO), Turki Bin Zarah (COO), Abdulmohsen Al Babtain (Chief Product Officer)
Core Product / ServiceTamara offers BNPL services, allowing consumers to split purchases into interest-free installments. The platform also provides shopping, payment, and banking solutions
Target MarketsSaudi Arabia, United Arab Emirates, Kuwait, with offices in UAE, Egypt, Germany, and Vietnam
Latest MilestoneRanked #3 startup in Saudi Arabia for April 2025
Number of Employees501–1,000
Contact Email[email protected]
Phone Number+966 800 1240441
Websitehttps://tamara.co/en-SA
LinkedInhttps://www.linkedin.com/company/tamara


Another reminder that in this city, great founders are obsessed with solving real-life pain points—and know when to chase that next round of seed funding.


Unifonic

When businesses want to connect better with customers, Unifonic is their secret weapon. This Riyadh-based company built its name on cloud-powered chatbots, AI tools and messaging services that run across WhatsApp, SMS, voice and webchat. Their platform helps banks, retailers and government bodies handle millions of interactions—without breaking into a sweat. The latest? They’ve just teamed up with Lucidya, folding together customer engagement and deep social insights into one smooth, data-driven package.

HeadquartersHamad Tower, 5th Floor, King Fahd Branch Road, Riyadh 12212, Saudi Arabia
Sector / IndustryInformation Technology & Services / Communications Platform as a Service (CPaaS)
Funding Stage / StatusSeries B
Total Funding Raised$146 million over 3 rounds
Last Funding DateDecember 25, 2023
Total Funding Rounds3
Founding Date2006
Founding TeamAhmed Hamdan (CEO & Co-founder), Hassan Hamdan (Co-founder)
Core Product / ServiceAI-powered conversational platform for customer engagement
Target MarketsBanking, finance, government, healthcare, retail, and logistics sectors
Latest MilestoneStrategic partnership with Lucidya announced at LEAP 2025 (February 2025)
Number of Employees501–1,000
Contact Email[email protected]
Phone Number+966 9200 02687
Websitehttps://www.unifonic.com/
LinkedInhttps://www.linkedin.com/company/unifonic
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Shows there’s real advantage in working closely with the right accelerator or finding a sharp angle on customer pain points in Saudi’s busy VC-funding scene.

If you’re building your next venture in Riyadh, these stories are a solid reminder that every strong startup blends smart storytelling with a founder’s relentless drive. Try swapping out fluffy words for specifics that sell your unique advantage; add a snappier bridge between your market insight and your solution; and for that game-changing pitch, don’t forget to keep your problem statement super clear so you don’t loose your audience. As always, tap into Arageek and your local network, since the capital’s buzz isn’t slowing any time soon.

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