• Saudi Arabia-based insurtech Najeeb.ai has raised an undisclosed pre-seed round from local and regional angel investors.
• Founded in 2023 by Ahmed Yasmina and Hammam Homsi, the company integrates AI with insurance technology to drive efficiency and transparency in the sector.
• The funding will be used to develop AI-powered products, enhance integrations with insurers and healthcare networks, and prepare for regional expansion.

Press release:

Saudi-based Najeeb.ai, a platform specialising in integrating artificial intelligence with insurance technology, has announced the successful closing of its Pre-Seed funding round, with participation from a group of local and regional angel investors.

The new capital will be used to develop AI-based products, expand integrations with insurance companies and healthcare providers, and strengthen operational readiness in preparation for local and regional commercial expansion.

Founded in 2023 by Ahmed Yasmina and Hammam Homsi, Najeeb.ai was established in alignment with Saudi Vision 2030’s digital transformation goals. The company aims to improve the efficiency and transparency of insurance operations through AI-driven solutions for the automotive and health insurance sectors.

Najeeb.ai provides a range of technical solutions, including accelerating medical approvals, detecting fraud in medical and vehicle claims, analysing clinical data to support insurance decision-making, and optimising operational processes for insurance companies and service providers.