Homegrown AI crowdsourcing platform vminds.ai closed a “six-figure” pre-seed funding round led by an undisclosed group of angel investors, marking the app’s official launch, according to a press release (pdf). The product is now available for individual users, with the launch of the app’s corporate platform slated for this year’s third quarter, the statement said.

Where will the money go? The AI platform will use the raised funds to support its second and third stages of growth, founder and CEO Ahmed Al Mashhadi told EnterpriseAM Saudi. The second stage will allow users to develop individually-crafted “workflows” by choosing and integrating from among the hundreds of AI tools available on the platform to execute select tasks. Users can then monetize their workflows by leasing them to other users via the app for a subscription fee. The third and final stage entails the development of personalized AI experts, which are trained across different tasks, and can be hired through the app at an hourly rate, Al Mashhadi added.

More projects in the pipeline: Veem Solutions, owner and operator of vminds.ai, is currently working on other AI-powered solutions, including products for marketing analytics and user-generated content, Al Mashhadi told us.

About vminds.ai: Founded by Al Mashhadi (LinkedIn), the platform compiles an extensive host of popular AI tools under one platform, including DeepSeek, Gemini and OpenAI, among others. vminds.ai is currently enrolled in Nvidia and Microsoft’s startup program, and its parent company Veem Solutions is a graduate of Aramco-backed Wa’ed Entrepreneurship Center.

ALSO FROM STARTUP LAND-

Egypt-born fintech startup Khazna raised USD 16 mn in a pre-series B round, with participation from both established and recent Saudi, Egyptian, and international investors, including Sanad fund for MSMEs, ANB Seed Fund, Aljazira Capital, Khwarizmi Ventures, Nclude, ICU Ventures, Quona, Speedinvest, and Disruptech Ventures, according to a press release (pdf). Proceeds from the round will go towards expanding Khazna’s Saudi footprint and pursuing a digital banking license in Egypt

About Khazna: Established in 2020 by Omar Saleh (Linkedin), Ahmed Wagueeh (Linkedin) and Fatimah El Shenawy (Linkedin), the fintech targets underbanked Egyptians with limited access to formal financial services such as general credit, BNPL, and bill payments.

ALSO- Egyptian CNC machine manufacturing startup Simplex secured USD 13 mn in an investment round led by the National Industrial Development Center, to establish a 20k sqm CNC factory in Riyadh, according to a press release (pdf). The Factory is expected to begin operations in 1Q 2026. The factory’s production capacity is yet to be determined.

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