Saudi Cybersecurity Firm "Solidrange" Raises $2.4 Million to Support Its Technologies
Saudi cybersecurity startup Solidrange has successfully raised $2.4 million in a seed funding round. This milestone reinforces the position of Saudi companies in the advanced technology sector and supports local innovation in addressing growing digital challenges.
Founded in 2023 by Jamal Labani, Solidrange specializes in providing cutting-edge solutions powered by artificial intelligence. The company focuses primarily on automating Governance, Risk, and Compliance (GRC) processes, in addition to offering comprehensive cybersecurity services for companies and organizations.
These new investments aim to help the company develop its technologies and expand its range of services within the Saudi market and the region. This step is part of the broader trend in the Kingdom to support startups that contribute to achieving the goals of Saudi Vision 2030, particularly in the fields of digital transformation and cybersecurity.
It is worth noting that the cybersecurity sector in the Kingdom of Saudi Arabia has witnessed remarkable growth in recent years, driven by the increasing demand for reliable technical solutions to protect data. This funding round is expected to accelerate Solidrange's growth and enable it to provide more efficient solutions to its clients in the future.