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Egyptian deeptech startup Intella raises $3.4m pre-Series A funding round

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By Tom Jackson on October 6, 2023 News, North Africa

Egyptian deeptech startup Intella has closed a US$3.4 million pre-Series A funding round to fuel its expansion into the Saudi market and support the development of end-to-end AI models localised for the MENA region.

Founded in 2021 by Nour Altaher and Omar Mansour, Intella offers real-time, on-demand market research for its business clients across diverse sectors.

The startup raised a US$1 million seed round last year, led by Hala Ventures, and the same investor has now returned to co-lead its US$3.4 million pre-Series A alongside Wa’ed Ventures, the VC arm of Aramco. Sanabil 500 and INSEAD’s alumni angel network also participate, along with other investors.

The new funding will fuel Intella’s expansion into the Saudi market and support the development of end-to-end AI models localised for the MENA region. The startup has already relocated its headquarters from Cairo to Riyadh.

“Saudi Arabia is quickly becoming a hub for technological advances. This move fits perfectly with our plans for expansion,” said Nour Taher, CEO and co-founder of Intella.

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Tom Jackson
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Passionate about the vibrant tech startups scene in Africa, Tom can usually be found sniffing out the continent's most exciting new companies and entrepreneurs, funding rounds and any other developments within the growing ecosystem.

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