Dammam, Saudi Arabia – August 2024
Asas Specialized Information Technology, the parent company of the innovative Resquad AI platform, announced today the successful closing of a 1.2 Million SAR pre-seed funding round from prominent angel investors. This strategic investment will enable the company to accelerate its growth and enhance innovative solutions to transform how software development companies collaborate globally.
Resquad AI is a pioneering platform that empowers software development companies to flexibly share their available developers with each other or with external clients. This solution addresses the growing demand for adaptable talent and resources within the tech industry, enabling companies to streamline their operations and grow efficiently.
Abdullah Abdulaziz Al-Jafaari, CEO of Asas Specialized Information Technology, expressed his enthusiasm about closing the funding round, stating,
“We are extremely excited to have the trust and support of our investors at this early stage. In a short period, our team has delivered remarkable results, with our growth doubling for three consecutive months. This phenomenal progress is a clear testament to the trust our clients have placed in us and is a strong validation of our business model. This investment will enable us to continue this momentum and deliver even more value to our partners and clients.”
The funding round was led by prominent angel investor Mr. Abdulrazzaq Mohammed Al-Ansari, who commented on his decision to invest in the company, saying,
“I was truly impressed by the rapid growth Resquad AI has achieved at this early stage. The team’s expertise and deep understanding of the industry are commendable, and I believe in their ability to scale this platform to meet the growing needs of the software development community. This investment is a vote of confidence in both the team and the vision they are working to realize.”
With this new funding, Resquad AI is well-positioned to expand its reach across the Kingdom to serve all sectors undergoing digital transformation, further develop its platform, and continue to deliver unparalleled value to its growing network of partners.
About Asas Specialized Information Technology Based in Dammam, Asas Specialized Information Technology is a leading technology company committed to providing innovative solutions that meet the needs of evolving businesses worldwide. Through its flagship product, Resquad AI, the company is setting new standards in collaborative software development, enabling companies to leverage each other’s talent and resources more effectively.
We believe that technology is a powerful tool that can revolutionize all aspects of life, and we are committed to leveraging our expertise and skills to help our clients achieve their goals and make the most of technology’s capabilities. In line with Saudi Arabia’s Vision 2030, which focuses on digital transformation, we put our expertise at your service to support the realization of its aspirations.
