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Malakah raises $600,000 in a pre-seed funding round led by angel investors to develop its AI-driven legal technology platform.

PRIVATESep 03, 20263 days ago

Amount Raised

$600,000

Round Type

Pre-Seed

Saudi ArabiaSoftwareArtificial IntelligenceMachine LearningNatural Language ProcessingLegalLegal Tech

Investors

Angel Investors

Description

Malakah, a Saudi legaltech company, has secured $600,000 in a pre-seed funding round. The funding will be utilized to enhance and scale its generative AI legal technology platform. Founded in 2024, the company provides AI-driven legal guidance and contract analysis. The funding round was supported by a group of angel investors.

Company Information

Company

Malakah

Location

Saudi Arabia

About

Malakah is a Saudi legaltech company founded in 2024 that provides AI-driven legal guidance and contract analysis. The company offers a platform utilizing generative AI to provide legal advice, analyze contracts, and study cases autonomously. Its services are tailored to Saudi regulations and support both Arabic and English languages, focusing initially on labor law. Malakah aims to enhance the efficiency of legal services through advanced technology.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Malakah raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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