Saudi InsurTech Najeeb.ai closes pre-seed round to expand AI offerings

Saudi InsurTech Najeeb.ai Secures Pre-Seed Funding

Saudi Arabia-based InsurTech startup Najeeb.ai has successfully completed a pre-seed funding round, raising an undisclosed amount from various local and regional angel investors. Founded in 2023 by Ahmed Yasmina and Hammam Al-Zahrani, the company aims to leverage this initial funding to enhance its AI-driven offerings in the insurance sector.

Focus on Development and Integration

The funds will be directed towards developing advanced AI-powered products. Najeeb.ai plans to strengthen its integrations with both insurance companies and healthcare providers, enhancing the overall efficiency and effectiveness of its solutions. This move is seen as vital in an industry increasingly embracing technology to improve service delivery.

Plans for Expansion

In addition to product development, the funding will help Najeeb.ai prepare for both local and regional commercial expansion. This suggests a strategic approach to growth, targeting markets beyond just Saudi Arabia and tapping into broader opportunities within the Middle East.

What It Means for the Industry

This funding round reflects a growing interest in InsurTech ventures in the region. As startups like Najeeb.ai emerge, they may drive innovation, offering new solutions that could enhance customer experience and streamline operations in the insurance space. The focus on AI also indicates a trend where technology is expected to play a pivotal role in shaping the future landscape of the industry.

As Najeeb.ai develops its offerings, it will be interesting to see how its initiatives impact both consumers and businesses in the insurance sector. Overall, this funding may signal positive growth prospects for InsurTech in the region.

Original Source: https://fintech.global/2025/10/28/saudi-insurtech-najeeb-ai-closes-pre-seed-round-to-expand-ai-offerings/