Saudi AI startup IDRAJ raises SAR 2.25m to simplify IPO preparation
By Cicada DeskEvent date: 1 min read
Added to the archive: Last verified:
In brief
IDRAJ, a Saudi startup using AI to simplify the corporate IPO and listing process, closed a SAR 2.25 million (about $598,000) pre-seed round led by ASAP Legal Tech.
IDRAJ, a Saudi startup using AI to simplify the corporate IPO and listing process, closed a SAR 2.25 million (about $598,000) pre-seed round led by ASAP Legal Tech. The platform assesses a company's readiness to go public, maps regulatory requirements and organizes documentation for listing on the Saudi Exchange's Main Market and the Nomu Parallel Market.
Founder Kholoud Al Saleh said the idea came from the gap between companies' ambitions to list and the long, complex process involved. The company plans to grow its team and expand the platform's AI capabilities.
Key figures
- 2.25SAR mpre-seed round
Sources
This report is compiled from the sources below. Cicada links to every source we rely on.
Archive report. Written in 2026 from contemporary sources and dated to the day the event happened.
Cite this story
Cicada Desk. "Saudi AI startup IDRAJ raises SAR 2.25m to simplify IPO preparation". Cicada, 4 September 2026. https://cicadaconsultancy.online/en/news/idraj-ai-ipo-platform-preseed-2026
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