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Intelmatix raises $20 million in Series A funding to enable MENA companies to leverage AI for decision-making

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Businessman touching the brain working of Artificial Intelligence (AI) Automation, Predictive analytics, Customer service AI-powered chatbot, analyze customer data, business and technology

Intelmatixa deep tech B2B startup that targets MENA (Middle East and North Africa) enterprises that need assistance leveraging the facility of AI for decision-making has closed a $20 million Series A funding round – one in all the biggest of its kind for a regional company.

The startup, which has offices in Riyadh, Saudi Arabia, London, UK, and Boston, US, was founded in 2021 but only launched its enterprise AI platform, EDIX, in March 2024. The company told TechCrunch that it has signed up 10 enterprise customers up to now — but with the brand new funding, it plans to expand to mid-sized and smaller businesses as well.

The global enterprise AI market is forecasted to grow exponentially and reach $68.9 billion by 2028, with a median annual growth rate of 43.9%. BCC Researchwith growth being driven by investments in AI technologies and the increased adoption of AI solutions by companies looking to increase efficiency and remain competitive.

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However, whilst the adoption of AI decision-making solutions in business gains momentum, there are various challenges, similar to IBM noticed — including access to AI skills and expertise; data complexity; integration issues; high costs; lack of tools for developing AI models; and ethical concerns.

In regions similar to MENA, the adoption of automated decision-making has been slow because most enterprise AI solutions aren’t tailored to local needs, making them impractical for companies considering AI adoption, according to Dr. Anas Alfaris, co-founder and CEO IntelmatixThis is where the startup plans to step in to help with local data, knowledge, and experience.

“The (Rival AI Enterprise) platforms are designed and trained on US datasets and do not process data that includes MENA contexts. These platforms are also designed for large enterprises that have invested in both infrastructure and teams (data science and AI), which is another major issue in the region as there is a talent gap,” Alfaris told TechCrunch, pointing to companies similar to US-based o9 and Palantir as major competitors.

These are the challenges that Intelmatix set out to address with its flagship AI-based enterprise decision-making platform, EDIX. Alfaris says the platform could be quickly deployed across a wide range of companies and doesn’t require a team of AI specialists.

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The startup is currently focused on the retail, logistics and workforce sectors, where companies can gain insight into operational and strategic issues similar to supply and demand, localization, recruitment, workforce planning and scheduling, fleet management and marketing.

According to Alfaris, a series of stores using the EDIX software package could, for example, receive recommendations on the most effective location to open a brand new branch and forecast revenues with 80% accuracy.

“Right now, most enterprises don’t have access to AI capabilities, and we’re giving them 80 percent of that capability. We may not be giving them 100 percent yet, but we’re moving the needle from zero to 80 by making it immediately accessible,” he said. “That’s at the heart of why EDIX is what it is and why we invested in building it in our region… to make AI truly accessible by removing a lot of the complexity.”

The startup’s marketing pitch paints an image of MENA businesses now not having to guess what’s next because EDIX is designed to respond and supply recommendations immediately — meaning it might be used to make each operational and strategic decisions. Alfaris said Intelmatix’s decision intelligence algorithms leverage customer data and other contextual data the startup sources to power the recommendations.

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“Decision-making is tightly coupled. You can’t make a marketing decision that will drive demand in your stores without immediately connecting it to your inventory to understand what’s going to happen there. The same goes for your staff and operations. Decisions are tightly integrated. But the little tools that exist today that some entities use are very siloed and very specific to a particular function within the enterprise—while they’re useful, you need a one-stop shop,” he argued.

During a year-long pilot of its technology in the food and beverage sector, Intelmatix reported that demand forecasting accuracy on its platform increased by 15%, waste costs decreased by 75%, additional additional time was reduced by 25% and the platform was able to predict revenue for recent branch locations with greater than 80% accuracy.

The art of decision-making is something Alfaris could be very aware of, having conducted research on the interconnectedness and complexity of decision-making on the Center for Complex Systems Engineering at King Abdulaziz City for Science and Technology (KACST) in Saudi Arabia, after leaving MIT, where he earned a PhD in Design Computation and was a member of assorted research teams, including the Smart Cities Group on the Media Lab.

He helped establish the middle in 2012 as a joint program between MIT and KACST, which led to one other program called the Joint Centers of Excellence Program, which conducted research projects with other leading universities and technology companies in the U.S. and the U.K. It was at KACST that Alfaris met his co-founders of Intelmatix, Ahmed Alabdulkar AND Almaha Almalkbefore the startup launches in 2021.

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Intelmatix now plans to scale up by targeting large and mid-sized enterprises, in addition to public entities in the MENA region. The recent funding will even be used to expand the platform’s capabilities and reach, according to Alfaris.

“We plan to expand our offering of these packages to provide more decisions and features that we think will be useful to our customers,” he said. “The idea of ​​democratizing access to AI has always been something we’ve been very passionate about.”

The Series A funding round was led by Shorooq Partners and included participation from private and public entities, including Olayan Financing Company, Rua Growth Fund, Saudi Technology Ventures, Saudi Venture Capital Company, Sultan Holdings and Zain Ventures.

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The next large Openai plant will not be worn: Report

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Sam Altman speaks onstage during The New York Times Dealbook Summit 2024.

Opeli pushed generative artificial intelligence into public consciousness. Now it might probably develop a very different variety of AI device.

According to WSJ reportThe general director of Opeli, Altman himself, told employees on Wednesday that one other large product of the corporate would not be worn. Instead, it will be compact, without the screen of the device, fully aware of the user’s environment. Small enough to sit down on the desk or slot in your pocket, Altman described it each as a “third device” next to MacBook Pro and iPhone, in addition to “Comrade AI” integrated with on a regular basis life.

The preview took place after the OpenAI announced that he was purchased by IO, a startup founded last 12 months by the previous Apple Joni Ive designer, in a capital agreement value $ 6.5 billion. I will take a key creative and design role at Openai.

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Altman reportedly told employees that the acquisition can ultimately add 1 trillion USD to the corporate conveyorsWearing devices or glasses that got other outfits.

Altman reportedly also emphasized to the staff that the key would be crucial to stop the copying of competitors before starting. As it seems, the recording of his comments leaked to the journal, asking questions on how much he can trust his team and the way rather more he will be able to reveal.

(Tagstotransate) devices

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The latest model AI Google Gemma can work on phones

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It grows “open” AI Google, Gemma, grows.

While Google I/O 2025 On Tuesday, Google removed Gemma 3N compresses, a model designed for “liquid” on phones, laptops and tablets. According to Google, available in a preview starting on Tuesday, Gemma 3N can support sound, text, paintings and flicks.

Models efficient enough to operate in offline mode and without the necessity to calculate within the cloud have gained popularity within the AI ​​community lately. They will not be only cheaper to make use of than large models, but they keep privacy, eliminating the necessity to send data to a distant data center.

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During the speech to I/O product manager, Gemma Gus Martins said that GEMMA 3N can work on devices with lower than 2 GB of RAM. “Gemma 3N shares the same architecture as Gemini Nano, and is also designed for incredible performance,” he added.

In addition to Gemma 3N, Google releases Medgemma through the AI ​​developer foundation program. According to Medgemma, it’s essentially the most talented model to research text and health -related images.

“Medgemma (IS) OUR (…) A collection of open models to understand the text and multimodal image (health),” said Martins. “Medgemma works great in various imaging and text applications, thanks to which developers (…) could adapt the models to their own health applications.”

Also on the horizon there may be SignGEMMA, an open model for signaling sign language right into a spoken language. Google claims that Signgemma will allow programmers to create recent applications and integration for users of deaf and hard.

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“SIGNGEMMA is a new family of models trained to translate sign language into a spoken text, but preferably in the American sign and English,” said Martins. “This is the most talented model of understanding sign language in history and we are looking forward to you-programmers, deaf and hard communities-to take this base and build with it.”

It is value noting that Gemma has been criticized for non -standard, non -standard license conditions, which in accordance with some developers adopted models with a dangerous proposal. However, this didn’t discourage programmers from downloading Gemma models tens of tens of millions of times.

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(Tagstransate) gemma

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Trump to sign a criminalizing account of porn revenge and clear deep cabinets

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President Donald Trump is predicted to sign the act on Take It Down, a bilateral law that introduces more severe punishments for distributing clear images, including deep wardrobes and pornography of revenge.

The Act criminalizes the publication of such photos, regardless of whether or not they are authentic or generated AI. Whoever publishes photos or videos can face penalty, including a advantageous, deprivation of liberty and restitution.

According to the brand new law, media firms and web platforms must remove such materials inside 48 hours of termination of the victim. Platforms must also take steps to remove the duplicate content.

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Many states have already banned clear sexual desems and pornography of revenge, but for the primary time federal regulatory authorities will enter to impose restrictions on web firms.

The first lady Melania Trump lobbyed for the law, which was sponsored by the senators Ted Cruz (R-TEXAS) and Amy Klobuchar (d-minn.). Cruz said he inspired him to act after hearing that Snapchat for nearly a 12 months refused to remove a deep displacement of a 14-year-old girl.

Proponents of freedom of speech and a group of digital rights aroused concerns, saying that the law is Too wide And it will probably lead to censorship of legal photos, similar to legal pornography, in addition to government critics.

(Tagstransate) AI

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