Saudi startup Rewaa has raised $45 million in a Series B round, doubling down on its ambition to become the AI backbone for small and medium-sized businesses across the Kingdom.
The round was co-led by Wa’ed Ventures, the venture capital arm of Saudi Aramco, alongside Idrisi Ventures and Unity Invest Partners. Additional backing came from Vision Ventures, RZM Investment, Sadu Capital, Sanad Investment, Palm Ventures, and Abdulrahman Sulaiman Alrajhi & Sons Co., reflecting broad investor confidence in Rewaa’s trajectory.
The new funding builds on Rewaa’s $27 million Series A closed in 2023 and underscores its rapid expansion among Saudi SMEs. With this capital, the company plans to accelerate the rollout of AI-driven capabilities designed to simplify and automate core business operations.
Rewaa’s roadmap centers on embedding artificial intelligence into day-to-day merchant workflows—from predictive inventory management and real-time sales insights to automated accounting and financial controls. The platform aims not only to reduce manual effort, but also to help business owners anticipate challenges, spot trends earlier, and make more accurate operational decisions.
“ This investment allows us to move faster in developing smart, AI-powered tools that help merchants operate more efficiently and with greater confidence,” said co-founder and CEO Mohammed Alqasir. “Our goal is to become the most trusted operating platform for SMEs in Saudi Arabia.”
Founded in 2018 by Mohammed Alqasir and Abdullah Aljadhai, Rewaa offers an all-in-one cloud solution that brings together POS, inventory management, and accounting under a single system. By synchronizing physical stores and e-commerce channels in real time, the platform enables merchants to manage complex operations from one dashboard—freeing them to focus on growth rather than back-office complexity.
