Riyadh, Saudi Arabia – Mamentis, a local company dedicated to enhancing operational efficiency for businesses through AI-powered solutions, has secured investment from Kayacan Ventures, a venture capital firm specializing in artificial intelligence startups.
With its flexible architecture, Mamentis is compatible with various language models and seamlessly integrates with public and private cloud infrastructures, delivering reliable, scalable AI solutions without dependency on any single vendor or model.
Founded in the UK and later expanding operations to Turkey, Mamentis provides an integrated cloud system that empowers both companies and individuals to easily develop and manage next-generation AI agents.
The investment round closed at a $4 million valuation, enabling Mamentis to accelerate product development, grow its market share, and deliver its AI technologies to a broader audience.
Commenting on the investment, Onur Yüksektepeli, Founder of Mamentis, stated:
“We are aware of the immense potential of artificial intelligence, but it is crucial that this technology becomes accessible to everyone through a solid and reliable infrastructure. At Mamentis, we play a vital role in this regard; with our platform- and model-independent structure, we make it easier for businesses and individual developers to create tailored AI solutions. The investment from Kayacan Ventures will provide strong support in realizing our vision and will accelerate our mission to bring AI to a wider audience.”
