- RIME, a Saudi AI startup, has raised more than $2 million in a Seed funding round led by SEEDRA Ventures and announced the successful closure of the round.
- Participants in the round included Athlah Investment, Unity Invest Partners, and angel investors; the Seed round follows a Pre-Seed round also led by Seedra Ventures.
- The company will use the new funding to strengthen its presence in Saudi Arabia, accelerate platform development, and help enterprises deploy scalable AI applications, supporting Vision 2030.
- Founded in 2024 by Mohammed Almarshidi and Arif Alotaibi, RIME develops a platform for deploying AI Agents powered by Edge Computing and Artificial Intelligence of Things (AIoT).
- Rime currently connects more than 6,000 cameras to AI agents across 2,000 operational sites for major retail and service chains in the GCC (Gulf Cooperation Council).
- Rime's platform processes data and makes decisions on-site using AIoT and edge computing, eliminating reliance on remote data centres.
- Co-founder Mohammed Al Marshadi described the company’s move into Physical AI, with systems interacting and making decisions directly in operational environments.
- Seedra Ventures co-founder Abdullah Al Munif said the investment aligns with Seedra’s Venture Studio model and that true value lies in delivering intelligent decisions to operational frontline environments in real time.
Saudi AI startup RIME has successfully raised over $2 million in a Seed funding round led by SEEDRA Ventures, with participation from Athla Investment, Unity Invest Partners, and various angel investors. This funding will bolster RIME's operational AI solutions, which are crucial for enterprises looking to implement scalable AI applications in their daily operations.12
Founded in 2024 by Mohammed Almarshidi and Arif Alotaibi, RIME specializes in developing a platform that utilizes Edge Computing and AIoT to enable real-time decision-making at operational sites. Currently, RIME connects over 6,000 cameras to AI agents across 2,000 operational sites in the GCC, serving major retail and service chains.456
The funding will be allocated to enhance RIME's platform capabilities and expand its market presence in Saudi Arabia, aligning with the country's National Strategy for Data and AI and Vision 2030. Mohammed Almarshidi stated, "We are moving into a new era of Physical AI, where systems move beyond screens to interact and make decisions directly within operational environments."37
This investment follows a previous Pre-Seed round led by SEEDRA Ventures, reaffirming their confidence in RIME's vision and founding team. Abdullah Al Munif, co-founder of SEEDRA Ventures, emphasized that the investment aligns with their Venture Studio model, focusing on delivering intelligent decisions directly to operational frontline environments in real time.8
“RIME, founded in 2024 by Mohammed Almarshidi and Arif Alotaibi, says the capital will strengthen its Saudi presence, accelerate platform development, and support Vision 2030. Its AIoT and edge-computing platform already links more than 6,000 cameras to AI agents across 2,000 operational sites for GCC retail and service chains.”
Wamda
