Intella, a MENA-based deep tech company, has secured a significant $3.4 million in Pre-Series A funding to drive its expansion into the Saudi market and support the development of localized AI models for the MENA region. The funding round was led by HALA Ventures and Wa’ed Ventures, with participation from Sanabil500 and INSEAD’s alumni angel network, among other investors.
The decision to relocate Intella’s headquarters to Saudi Arabia comes as the country emerges as a thriving hub for technological advancement. This strategic move aligns perfectly with Intella’s plans for expansion. Nour Taher, CEO and Co-founder of Intella, expressed excitement about tapping into the Kingdom’s growing tech and AI scene.
Intella has demonstrated its commitment to refining its technology through rigorous testing. Their system underwent evaluation using over 30,000 hours of Arabic audio, resulting in an impressive accuracy rate of 95.73% for speech-to-text transcription. This performance surpasses established tech leaders such as Google, Open AI, Meta, and IBM Watson.
Omar Mansour, Co-founder and CTO of Intella, highlighted the company’s breakthrough in benchmarking voice technology tailored to Arabic dialects. Moving beyond transcription, Intella is now focusing on audio analytics, including summarization, sentiment analysis, topic extraction, and call scoring. These advancements push the boundaries of what AI can achieve for voice in the MENA region.
The investment from HALA Ventures and other stakeholders is a testament to their belief in Intella’s vision. By connecting global AI progress with the needs of the Arab-speaking community, Intella plays a vital role in ensuring the region’s relevance in global technological trends.
With the infusion of new funds, Intella is primed to expand its footprint further in the MENA region. They plan to enhance their product suite and solidify their leadership in voice technology innovation. By bridging the gap between the Arab-speaking world and AI advancements, Intella aims to empower the region in leveraging technological opportunities.
In conclusion, Intella’s $3.4 million funding round led by HALA Ventures and Wa’ed Ventures will provide the necessary resources for the company’s expansion into the Saudi market and the development of AI models tailored for the MENA region. Their exceptional performance in speech-to-text transcription, surpassing industry leaders like Google, showcases Intella’s commitment to leveraging AI for voice technology. With a mission to bridge the gap between the Arab-speaking world and global AI progress, Intella is poised to make significant strides in shaping the future of technology in the MENA region.
