AlgoDriven raises $625,000 in Pre-Series A

Source: AlgoDriven

 Dubai-based automotive software company AlgoDriven has raised $625,000 in seed funding from domestic and international venture capital (VC) firms. 

Regional investors include Oman Technology Fund and DTEC as well as international VC firms including 500 Startups and Silicon Valley-based Social Capital who joined the fundraising round. 

The new investment will be used to expand AlgoDriven’s market share across the Middle East and North Africa as well as funding international expansion to Australia and New Zealand.  

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