SahmAlgo Closes $1M Seed Round Led by Gharesah Investment

Saudi-based SahmAlgo, a financial artificial intelligence and data analytics platform, announced the successful closure of its $1 million Seed round, led by Gharesah Investment. This funding marks a significant milestone for the company as it accelerates its strategic growth in the Saudi market and across the region.

The investment will be allocated toward advancing SahmAlgo’s AI-driven algorithms, expanding its data infrastructure, and improving system reliability in line with the dynamic nature of the Saudi financial landscape. It will also support the launch of institutional-grade products, enable direct integrations with brokers and asset managers, attract high-level talent, and strengthen the company’s compliance and governance frameworks.

SahmAlgo aims to provide transparent, intelligent financial insights to investors through an integrated suite of tools, including short-term price estimations, technical stock analysis, financial news analytics, and its signature “Algo Radar” for monitoring market movements.

All of these capabilities are offered through a unified interface designed to serve both retail and institutional investors, ensuring seamless access to actionable and reliable financial information.

Dr. Yaser Farha, Co-Founder and CEO of SahmAlgo, stated:
“Empowering investors with intelligent, real-time, easy-to-understand, and competitively priced insights,” emphasizing that the new funding will further advance AI research, support the rollout of the business product, and strengthen the company’s commitment to building the “smartest and most reliable financial information source for investors in Saudi Arabia.”