UAE's Algebra AI Emerges With $7 Million in Funding

Algebra AI, a UAE-based AI transformation company, has emerged from stealth with $7 million in funding and a focus on providing managed AI services for mid-market businesses across the GCC.

The company secured backing from Infinity Constellation, BECO Capital, Silicon Badia and Waseel Investments. Founded in partnership with its main investors, Algebra AI is led by co-founder and chief executive Anis Harb, who previously scaled Deliveroo's Middle East business from launch to more than $1 billion in gross transaction value.

Rather than offering off-the-shelf software, Algebra AI builds and manages customised AI-powered workflows designed around each client's existing operations, tools and approval processes. The company continues to oversee and refine these systems over time.

According to Algebra AI, it already serves clients in financial services, food and beverage, distribution and manufacturing.

The company estimates there are more than 30,000 mid-market businesses across the GCC and aims to address a gap between generic AI products and the more expensive enterprise-grade solutions available to larger organisations.

Speaking on behalf of the founding investors, Francis Pedraza, co-founder of Infinity Constellation and founder of Invisible Technologies, said the combination of regional market opportunity and Anis Harb's operating experience positioned Algebra AI to become a leading provider of AI-powered services in the region.

The company plans to expand its customer base across the GCC in the coming months while growing its operations and AI engineering teams to strengthen its managed service capabilities.