Homegrown AI-powered healthcare startup Thakaa Med has secured an undisclosed amount in a seed funding round led by Falak Angels, according to a press release. Thakaa Med uses artificial intelligence to provide predictive analytics, and personalized preventative healthcare solutions for patients.

Use of proceeds: Thakaa Med has earmarked the funds to advance its AI-powered models and diagnostic solutions and support the launch of its flagship products Dental IQ and Chest IQ.

IN OTHER STARTUP NEWS-

#1- Fresh program for startups in the water sector: The Environment, Water and Agriculture Ministry has officially launched the Sahabah program to support 40 growth-stage startups operating in the water sector within two years, state news agency SPA reported. Annual investments in the sector are worth SAR 300 bn. The ministry has previously launched similar programs for the agriculture sector (Sonbola), and the environment sector (Sedrah).

#2- Abu Dhabi’s Hulexo plans Saudi expansion following seed round: Hulexo, the Abu Dhabi-based enterprise resource planning (ERP) provider for small and medium-sized retail stores, has closed a seed investment that saw it raise capital from Arzan VC, Wamda reports. It did not say how much it raised. Arzan VC’s investment will fund Hulexo’s expansion plan into Saudi Arabia and Kuwait’s markets, among other expansion targets.

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