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Sweply raised $2 million in a Seed funding round with participation from Sanabil 500 Global and Salla to expand its team, accelerate product development, and strengthen its position in the Arab and global markets.

Jun 27, 2024over 1 year ago

Amount Raised

$2 Million

Round Type

seed

RiyadhMachine LearningArtificial IntelligenceMarketingAdvertising

Investors

SallaSanabil 500 Global

Description

Saudi ad tech company Sweply raised $2 million in a Seed funding round with participation from Sanabil 500 Global and Salla. The company plans to use the investment to expand its team, accelerate product development, and strengthen its position in the Arab and global markets.

Company Information

Company

Sweply

Location

Riyadh, Riyadh Region, Saudi Arabia

About

Sweply is a Saudi ad tech company that specializes in leveraging AI and machine learning to optimize ad placements, boost engagement, and maximize conversions across digital channels. The company has a strong commitment to advancing digital advertising and shaping the future of ad 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