Roboost raises USD 3 mn from regional VCs: AI-powered logistics startup Roboost has raised USD 3 mn in an investment round led by Jordan-based VC Silicon Badia with participation from regional VC firm Flat6Labs, Saudi firm RZM Investment, and Saudi angel investors, Roboost said in a statement (pdf).

All about Roboost: The Egypt-born startup leverages AI to automate delivery management for businesses — including order dispatching and fleet management — in order to achieve faster delivery rates. It currently operates in Egypt, Saudi Arabia, Kuwait, Morocco and Tunisia, with clients like Cinnabon, McDonald’s, Koshari Abou Tarek, and El Ezaby Pharmacy.

Regional expansion up next: Roboost will use the money to scale up its business “across the MENA region’s entire delivery market, while also expanding its e-commerce and middle-mile offerings with more tailored automated solutions,” the statement read.

What they said: “This investment enables us to bring Roboost’s transformative power to businesses across the MENA region and propel the next phase of our growth, by making Roboost the copilot for any enterprise’s delivery operations,” CEO and co-founder Mohamed Gessraha (LinkedIn).

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