Saudi AI Firm Lucidya Raises $30 Million to Scale Its Arabic Platform
Jul 15, 2025
Saudi Arabia-based AI startup Lucidya has raised $30 million in a Series B funding round to scale its customer experience management (CXM) platform and Arabic-language AI capabilities. The round was led by Impact46 and supported by several regional investors.
Founded in 2016, Lucidya uses proprietary AI models to analyse customer sentiment and engagement across 15 Arabic dialects. Its platform helps businesses and government entities understand and respond to customer feedback in real time, offering analytics tools that are fully compliant with local and international data protection laws.
With this latest investment, Lucidya aims to expand its presence across the GCC and broader MENA region, while enhancing its Arabic-first AI agents. These tools automate customer support and engagement, offering tailored responses in Arabic with up to 92% sentiment detection accuracy.
The funding will also support product development and hiring as Lucidya looks to deepen its foothold in key sectors including telecommunications, banking, healthcare, and hospitality.
Lucidya previously raised $6 million in a Series A round in 2022. The new investment reflects growing interest in regional AI infrastructure and localised tech solutions, particularly those tailored to Arabic-speaking users.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mid East Info
18 hours ago
- Mid East Info
Quest Global Joins UAE's NextGen FDI Initiative to Support Local Engineering Research and Development - Middle East Business News and Information
Engineering research company plans to open high-value engineering centers across the UAE HE Dr. Thani Al Zeyoudi: 'By enhancing our engineering ecosystem and offering bespoke services to manufacturing companies, Quest Global's cutting-edge research centers will support our industrial transformation goals, improve productivity and develop national talent.' July, 2025 – Abu Dhabi, UAE: The UAE Ministry of Foreign Trade has announced that Quest Global, a Singapore-based engineering research and development services company, will establish a presence in the United Arab Emirates through the NextGen FDI initiative – a pioneering program that seeks to attract high-impact companies from around the world through a suite of market-entry fundamentals such as rapid incorporation and fast-track issuance. Quest Global will now open a number of client-centric, high-value engineering centers (HVECs) throughout the UAE, which will offer support to businesses in sectors such as energy, defense, and advanced manufacturing. Quest Global's engineering expertise, coupled with AI and digital technologies, will help transform companies by enhancing operations, fostering innovation and optimizing supply-chains. His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, welcomed Quest Global's entry into the UAE market, which he says underlines the country's status as a platform for growth: 'The NextGen FDI initiative was created to attract forward-thinking, ambitious enterprises such as Quest Global to the UAE. By enhancing our engineering ecosystem and offering bespoke services to manufacturing companies, their cutting-edge research centers will support our industrial transformation goals, improve productivity and develop national talent. Quest Global's participation in the initiative also helps reinforce the UAE's status as an economic hub that facilitates expansion into regional and global markets.' Robert Vatter, Executive President Quest Global says that the NextGen FDI initiative opens up important opportunities for the company: 'Quest Global serves as a strategic ER&D partner to large global companies across energy, aerospace and defence, and other industries. By facilitating the establishment of high value engineering centers in the UAE, the NextGen FDI Initiative will enable us to extend this support to companies based in the UAE and the wider GCC – helping them realize their business ambitions, develop their talent and accelerate their contribution to the development a knowledge economy.' Since its launch in 2022, the NextGen FDI Initiative has enabled a range of pioneering companies establish a footprint in the UAE, helping to develop clusters of excellence in future-focused sectors such as artificial intelligence, robotics, alternative energy and storage, hybrid aviation, and precision fermentation. Together, they are supporting the UAE's transition to a knowledge- and innovation-based economy.
Al-Ahram Weekly
a day ago
- Al-Ahram Weekly
Stocks steady as traders weigh inflation data, trade deal - Markets & Companies
Major stock markets turned steadier Wednesday as traders weighed a spike to US inflation that pared bets on Federal Reserve interest-rate cuts. The US reading on Tuesday preceded official data on Wednesday, showing an unexpected rise in British inflation. "A higher-than-expected (June) inflation reading in the US... is one of the first data points to suggest tariffs are beginning to have some impact on prices," noted AJ Bell investment analyst Dan Coatsworth. "While this impact looks fairly modest for now, this reading comes before the more onerous levies on imports which are currently lined up for introduction at the beginning of August," he added. The dollar dipped against main rivals after President Donald Trump said a trade deal had been struck with Indonesia, which will see the US impose tariffs of 19 percent on its goods, below the 32 percent previously threatened. US shipments will not be taxed. The Indonesia deal meant Trump has struck tariffs agreements with three countries, with around two dozen in the pipeline ahead of the president's August 1 deadline. The EU's top trade negotiator, Maros Sefcovic, was jetting to Washington on Wednesday for talks with his US counterparts as the bloc renews its push to settle the transatlantic tariffs standoff. Some have suggested a healthy run-up on Wall Street over the past few weeks could be giving him confidence to keep the threats up. In Europe, shares in Renault tumbled nearly 17 percent Wednesday, a day after the French car giant lowered its annual financial outlook. Renault did not specifically mention tariffs, despite the global auto sector being targeted by Trump. Trump on Tuesday warned that he could begin imposing tariffs on imports of semiconductors and pharmaceuticals from August 1. While the Indonesia trade deal was welcomed, investor confidence was dented by data showing US inflation jumped to 2.7 percent last month. The figure "finally provided ample evidence that tariffs are being passed onto consumers", said Economists at Bank of America. The data saw the probability of a Fed rate cut in September slip to just a little higher than 50 percent. The dollar briefly rallied past 149 yen for the first time since April. Tech firms extended gains after US titan Nvidia said it would resume exports of key chips to China following Washington's pledge to remove licensing curbs. California-based Nvidia, one of the world's most valuable companies, said Tuesday it would restart sales of its H20 artificial intelligence semiconductors to China, having been stopped by Trump's tightened export licensing requirements in April. CEO Jensen Huang said they would be shipping "very soon". The news boosted tech firms around the world, with Wall Street's Nasdaq rising to another record high, while the S&P 500 and Dow fell on Tuesday. Key figures at around 1100 GMT London - FTSE 100: UP 0.2 percent at 8,953.93 points Paris - CAC 40: FLAT at 7,766.78 Frankfurt - DAX: UP 0.3 percent at 24,120.08 Tokyo - Nikkei 225: FLAT at 39,663.40 (close) Hong Kong - Hang Seng Index: DOWN 0.3 percent at 24,517.76 (close) Shanghai - Composite: FLAT at 3,503.78 (close) New York - Dow: DOWN 1.0 percent at 44,023.29 (close) Euro/dollar: UP at $1.1620 from $1.1606 on Tuesday Pound/dollar: UP at $1.3402 from $1.3383 Dollar/yen: DOWN at 148.71 yen from 148.85 yen Euro/pound: UP at 86.71 pence from 86.69 pence West Texas Intermediate: DOWN 0.6 percent at $66.71 per barrel Brent North Sea Crude: DOWN 0.5 percent at $68.76 per barrel Follow us on: Facebook Instagram Whatsapp Short link:
Al-Ahram Weekly
a day ago
- Al-Ahram Weekly
Egypt launches digital tourism campaign in Arab market in partnership with WEGO - Tourism
As part of the broader international promotional initiative "Egypt… Unmatched Diversity," the Ministry of Tourism and Antiquities has launched a new digital campaign targeting Arab travellers, in partnership with WEGO, a leading Middle East-based travel search engine and booking platform. Running through June 2026, the campaign aims to spotlight Egypt's diverse tourism offerings using modern, data-driven marketing strategies. It focuses on expanding digital outreach through specialized global platforms to attract a wider audience across the region. Ahmed Youssef, Assistant Minister for Strategic Affairs and Acting CEO of the Egyptian Tourism Authority, stated that the campaign highlights Egypt's commitment to innovation in tourism marketing and its strategic focus on key regional markets to drive sustainable growth. The campaign's promotional content highlights experiences tailored to Arab tourists, including beach escapes, water sports, cultural heritage, shopping, and entertainment. Special attention will be given to emerging destinations, such as New Alamein City, which is being promoted as a premier travel hub due to its modern infrastructure and rising appeal. The campaign includes a bilingual media plan (Arabic and English) across YouTube, Google, and smart out-of-home advertising in cinemas and shopping centres in key Arab countries. Advertising will intensify during peak holiday and festive seasons. Suzanne Mostafa, Director General of Tourism Promotion, said the campaign aims to generate over 500,000 bookings and attract more than one million visitors from the Arab world. Follow us on: Facebook Instagram Whatsapp Short link:
