Riyadh – Mubasher: The Saudi Arabic-focused social media monitoring tool Lucidya has secured $1.1 million (SAR 4 million) in Series A funding.
The Series A round was led by Business Incubator & Accelerator Company, and Monsha’at, and Abunayyan Holding, with a group of other investors.
“The investment will help us develop and enhance our products and tech solutions to the highest international standards,” founder and CEO of Lucidya Abdulla Aseeri said.
Launched in 2006, Lucidya has made great progress in terms of the improvement of its AI products and services, providing real-time analytics for social media channels and websites.
