Asas Specialised Information Technology, a Saudi-based IT services provider, has successfully raised SAR1.2 million ($320,000) in a pre-seed funding round, led by prominent angel investors. This investment is aimed at accelerating the growth of the company’s flagship product, Resquad AI, and enhancing its innovative solutions within the Kingdom.
Launched in 2024 by Abdullah Abdulaziz Al-Jafaari, Resquad AI is a groundbreaking platform designed to allow software development companies to seamlessly share their available developers with each other or with external clients. This platform addresses the increasing demand for flexible talent and resources in the tech industry, helping companies optimize their operations and scale efficiently.
Abdullah Abdulaziz Al-Jafaari, CEO of Asas Specialised Information Technology, expressed his excitement over the successful funding round, stating, “We are thrilled to have gained the trust and support of our investors at this early stage. In a short time, our team has delivered exceptional results, with our growth doubling for three consecutive months. This significant progress is a testament to the trust our clients have in us and strongly validates our business model. This investment will help us sustain this momentum and provide even greater value to our partners and clients.”
The funding round was led by angel investor Abdulrazzaq Mohammed Al-Ansari, who remarked on his investment decision, saying, “I was genuinely impressed by the rapid growth Resquad AI has achieved at this early stage. The team’s deep industry knowledge and expertise are remarkable, and I am confident in their ability to scale this platform to meet the evolving needs of the software development community. This investment reflects my belief in both the team and their vision.”
With this new funding, Resquad AI is well-positioned to expand its presence across the Kingdom, supporting sectors undergoing digital transformation, and further developing its platform to offer unmatched value to its growing network of partners.
Asas Specialised Information Technology is dedicated to providing cutting-edge solutions that cater to the evolving needs of businesses globally. Through its flagship product, Resquad AI, the company is setting new benchmarks in collaborative software development, enabling companies to more effectively leverage each other’s talent and resources. Committed to harnessing technology’s potential, Asas aims to support clients in achieving their goals, aligned with Saudi Arabia’s Vision 2030, which emphasizes digital transformation.
