Saudi startup "Solidrange" raises $2.4 million to support cybersecurity
The Saudi company "Solidrange," which specializes in cybersecurity solutions, has successfully raised $2.4 million in a seed funding round. This step comes to strengthen the company's position in the growing technology sector within the Kingdom of Saudi Arabia.
Founded in 2023 by Jamal Labani, the company focuses primarily on providing innovative solutions based on artificial intelligence. The company operates in the field of Governance, Risk, and Compliance (GRC) automation, helping organizations protect their digital data more efficiently.
This investment comes at a time when the Kingdom is placing great importance on developing the cybersecurity sector, in line with Saudi Vision 2030, which aims for comprehensive digital transformation. Solidrange's technologies help companies face complex security challenges in the modern business environment.
The company is expected to use this new funding to expand its operations and develop its technical products. This success also contributes to supporting the startup ecosystem in the Kingdom and encourages further innovation in advanced technology fields.