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AI-startup Cycls raises $1M pre-Seed round

The funding will be used to launch a new product, "Sarya," a chat-based generative AI tool, and expand its operations to the UAE.

AI-startup Cycls raises $1M pre-Seed round

Friday October 13, 2023 , 1 min Read

Saudi Arabia-based AI startup Cycls has raised $1 million in pre-Seed funding from angel investors.

The funding will be used to launch Cycls' new product, "Sarya," a chat-based generative AI tool, and expand its operations to the UAE, as per Wamda.

Mohammed Alrujayi, Co-founder and CEO of Cycls, emphasised the importance of technology understanding and stated that Sarya can be a valuable tool for this purpose.

“We are going after a pivotal moment in tech history where machines finally don't merely compute but genuinely comprehend” he said.

Founded in 2021 by Mohammed Alrujayi and Khalid Alrasheed, Cycls provides AI-based chat services for various industries like ecommerce, telecom, travel, and personal finance.

Its chat-based experience integrates generative AI, a key component of chatGPT, into everyday digital interactions. Its user-friendly Superchat embedded in digital purchases enables human-like conversations through chatGPT, allowing users to ask, engage, shop, and pay all within a single chat window, said a statement.

The startup, which is expanding into the UAE, is integrating with various industries, with a goal to provide seamless user experiences.



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