• Saudi Arabia-based logistics startup Sirdab has raised $10 million (SAR 37.5 million) in Series A funding, co-led by PIF-backed digital solutions company Elm and existing investor BECO Capital.
• Founded in 2022 by Naif Alzahri and Abdulrahman Alnamlah, Sirdab provides a technology platform that enables businesses to access and manage warehousing and transportation services, inventory and orders across multiple locations through a single system.
• The funding will be used to expand across Saudi Arabia and the wider GCC, grow Sirdab’s logistics network and further develop its technology platform, including AI capabilities for matching businesses with available capacity and automating coordination between shippers, warehouses and carriers.

Press release:

Sirdab, the company building the logistics infrastructure layer for Saudi Arabia and the GCC, has raised $10 million in Series A funding. The round was co-led by new investor Elm, the PIF-backed digital solutions company, and existing investor BECO Capital. Other backers include Y Combinator, COTU Ventures and D Global Ventures.

Founded in 2022, Sirdab enables companies to access, manage and scale their logistics through a single platform. Businesses secure verified warehousing and transportation, manage inventory and orders across locations, and monitor service levels in one place, while providers use Sirdab's software to standardise operations, share capacity and manage billing and compliance.

Sirdab has grown revenue 20x since graduating from Y Combinator's Winter 2023 batch while reaching profitability. Its clients include major government entities, publicly listed companies, and leading enterprises across multiple sectors, among more than 850 businesses using the platform. Its network spans 120+ warehouses and 60+ transportation providers, supporting dry, ambient, chilled, and frozen logistics.

Sirdab operates an asset-light network, complemented by strategically located company-operated facilities in key hubs. Its proprietary software enables this distributed infrastructure to function as one connected system, giving businesses flexibility, visibility and control as they scale, and giving providers new demand and standardised operations.

"Saudi Arabia is building one of the most dynamic logistics markets in the world, and businesses here have enormous room to grow," said Naif Alzahri, co-founder and CEO of Sirdab. "Sirdab gives them the infrastructure to grow on. We make quality capacity accessible in days, keep operations visible in real time and hold service to a consistent standard, so companies can expand into new cities and categories with confidence. This funding allows us to bring that to many more businesses across the Kingdom and the GCC."

The funding will support Sirdab's expansion across Saudi Arabia and the GCC, the growth of its network and further development of its platform, including AI that matches businesses to the right capacity and automates day-to-day coordination between shippers, warehouses and carriers.