- Saudi-based Zetta, a Device-as-a-Service (DaaS) provider, has closed a $12 million investment round led by Core Vision Investment and Ab’ad Al-Watan Investment.
- The new funding will support the company’s expansion in the Saudi market and the development of integrated device solutions to accelerate digital transformation.
- Founded in 2023 by Faisal Al-Abdulsalam, Tabrez Mohiuddin, Waleed Altheeb, and Saeeduddin Shah, Zetta had previously closed a $1.5 million seed round last year, also led by Core Vision.
Saudi-based Zetta, a provider of Device-as-a-Service (DaaS) solutions, has announced the closure of a new $12 million investment round led by Core Vision Investment and Ab’ad Al-Watan Investment.
The funding aims to accelerate the company’s expansion plans and strengthen its presence in the Saudi market, while also advancing the development of integrated device solutions that enable organizations of all sizes to leverage technology without the need for heavy upfront investments in hardware, software, or infrastructure.
Badriya Masrahi, CEO of Zetta, said:
“We are proud of the trust our investors have placed in us and remain committed to developing comprehensive technology solutions that align with the Kingdom’s digital transformation goals.”
Faisal Al-Abdulsalam, founder and CEO of Core Vision Investment, added:
“Zetta represents a promising national model in the technology sector, and we strongly believe in its potential to drive change in the local market. We are fully committed to supporting the company at this pivotal stage.”
Founded in 2023 by Faisal Al-Abdulsalam, Tabrez Mohiuddin, Waleed Altheeb, and Saeeduddin Shah, Zetta focuses on offering flexible payment plans that allow enterprises to maximize the value of their devices through the DaaS model.
Last year, the company closed a $1.5 million seed round led by Core Vision, which enabled it to expand operations and build a strong foundation for its current growth phase.
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