Engagesoft Receives $3.5 Million in Funding to Accelerate Regional Growth and Enhance AI Tools..
Engagesoft, the Saudi AI-powered platform dedicated to enhancing employee engagement and measuring organizational effectiveness, has raised $3.5 million in a pre-Series A round led by Silicon Badia. The company aims to accelerate the development of its AI-based platform and expand its reach in the Middle East as demand for ergonomics tools grows.
Founded in 2021 by brothers Omar and Tarek Tahboub, Engagesoft helps organizations analyze levels of engagement, culture, leadership, and performance through advanced analytics tools.The new funding will be used to expand the company's operations and product development, to strengthen its position as one of the region's leading cloud companies in the field of employee engagement.
Press Release:Engagesoft, the Saudi Arabia-based AI-powered platform specializing in employee engagement and enterprise effectiveness, has raised $3.5 million in a pre-Series A funding round led by Silicon Badia. This investment will drive Engagesoft's AI-powered future plans, enabling it to deliver a holistic view of enterprise health by focusing on interaction, culture, leadership effectiveness, and performance.Over the past 18 months, Engagesoft has tripled its customer base, increased the average value of subscriptions, and achieved annual recurring revenue growth of more than tenfold.The company was founded in 2021 by brothers Omar and Tarek Tahboub, who together have decades of experience in enterprise product development and building advanced technology platforms. Previously, Omar worked for global and regional companies such as Oracle, Bayt.com and Siyara, where he led product and operations growth in the Middle East. Tariq has over 14 years of experience in technology leadership in Japan and the Middle East, and today leads the company's technology vision as Chief Technology Officer. Thanks to their combined expertise, Engagesoft has become a trusted partner to leading organizations such as: Zamil Industries, Edita Food Industries, Nadec, Al Rajhi Takaful, Jamjoom Pharma, Bin Zagr, Juhayna, Tamimi Markets, Saudi Authority for Intellectual Property, and Downtown Saudi Arabia.Ibrahim Al Kaabi, Director of Corporate Human Capital at Zamil Industrial, said: "Engagesoft has become a true catalyst in our journey towards empowering every employee's voice. The platform's flexibility allows us to gather valuable feedback from various aspects of the employee experience, helping us build a culture of engagement, growth, and high performance.
