• Saudi Arabia-based healthtech Aumet has raised $12 million in Series A funding led by Emkan Capital.
• The round included participation from Qatar Development Bank (QDB), SABAH VC, and AAIC, alongside existing investors Shorooq Partners and Right Side Capital Management.
• Founded in 2016 by Yahya Aqel, Adel Haddad and Shahed Jaber, Aumet develops an AI-first procurement operating system for healthcare providers and pharmacies.
• The new funding will support AI expansion, enterprise deployments, and regional growth across the GCC and international markets.
• In March 2023, Aumet closed a $7 million pre-Series A funding round from AAIC, Shorooq Partners, along with other investors.

Press release:

Aumet, the AI-first procurement operating system for healthcare, today announced the successful close of a $12 million funding milestone, marking a major step in its journey to transform healthcare supply chains across emerging markets and globally.

Founded by Yahya Aqel (CEO & Co-founder) and Adel Haddad (Co-founder), Aumet is building the foundational infrastructure layer that powers procurement, inventory, and decision-making across the healthcare ecosystem.

Scale & Market Leadership

Aumet has built one of the largest healthcare commerce and data platforms in the region:

• $1 Billion in Gross Merchandise Value (GMV)
• 5+ million transactions annually
• 12,000+ pharmacies across Jordan, Egypt, and Saudi Arabia
• 1,000+ pharmaceutical suppliers connected to the platform

From Marketplace to AI Procurement OS

Aumet has evolved across three major product layers:

• Pulse (Individual Pharmacies)

A cloud-based system combining inventory management, marketplace, and AI-powered procurement automation. Pulse is the first system globally at scale to integrate inventory and marketplace for pharmacies.

• Chain (Pharmacy Chains)

A solution enabling centralised procurement and AI-driven decision-making across multi-branch pharmacy operations.

• Enterprise (Healthcare Systems)

Aumet’s most advanced solution — an AI-powered cognitive procurement OS designed for hospitals, ministries of health, and national healthcare systems.

Enterprise Impact & Government Adoption

Aumet’s Enterprise solution was first deployed at Al-Basheer Hospital, the largest hospital in Jordan.

Today, the system has scaled across:

• 32 hospitals
• 500+ medical centers
• 18+ medical warehouses

This deployment was implemented in collaboration with the Ministry of Health and the Ministry of Digital Economy and Entrepreneurship (MODEE) in Jordan, alongside Presight, a leading AI company based in Abu Dhabi, which signed an agreement with Aumet to scale the AI Procurement OS across the public healthcare system.

Global Positioning

Globally, companies such as Clarium are addressing similar enterprise-level healthcare supply chain challenges in the United States. Aumet is uniquely positioned to solve these challenges across emerging markets, particularly in the Middle East, where healthcare systems are more fragmented and require localised, data-driven solutions.

Investors & Strategic Backing

The Series A round was led by Emkan Capital, with participation from:

• Qatar Development Bank (QDB)
• SABAH Fund (Azerbaijan)
• AAIC (Japan/Singapore)

Alongside existing investors:

• Shorooq Partners 
• Right Side Capital Management

And strategic healthcare investors:

• Cigalah Group
• Salehiya Trading Company

CEO Statement

“Healthcare supply chains don’t suffer from lack of supply — they suffer from lack of intelligence,” said Yahya Aqel, CEO and Co-founder of Aumet.

“At Aumet, we are building the AI-first operating system that powers procurement decisions across the entire healthcare ecosystem — from individual pharmacies to national healthcare systems. Our ambition is to take what we’ve built in the Middle East and scale it globally.”

Investor Quotes

“Aumet is building what we believe is the foundational operating system for healthcare supply chains in emerging markets...” — Ghassan, Emkan Capital

Aumet exemplifies the kind of founder-market fit we look for, combining deep expertise and regional insight with scalable, technology-driven solutions and we are excited to support their journey towards becoming a category leader." – Abbas Kazmi, SABAH.fund

“We are pleased to further strengthen our partnership with Aumet...” — Hiroki Ishida, AAIC

What’s Next

With this funding, Aumet will expand its AI capabilities, scale Pulse globally, grow enterprise deployments, and enter new markets across the GCC and beyond.