Riyadh-based Lucidya has secured $30m in a Series B funding round, marking the largest AI-focused investment ever raised in the MENA region.
The funding aims to accelerate the growth of Lucidya’s customer experience management platform, which is powered by a proprietary Arabic-language AI engine boasting over 92% accuracy.
The round was led by Saudi venture capital firm Impact46, with participation from Wa’ed Ventures, Takamol Ventures, and SparkLabs. Existing backers Rua Growth Fund and ARG also reinvested, signalling continued confidence in Lucidya’s regional impact and scalability.
Founded in 2016, Lucidya operates in 11 countries and serves clients in sectors including telecom, banking, hospitality, healthcare, and government.
Gulf Economist Staff Writer