Saudi startup RIME raises over $2 million Seed round

Saudi AI startup RIME has successfully raised over $2 million in a Seed funding round led by SEEDRA Ventures, with participation from Athla Investment, Unity Invest Partners, and angel investors. Founded in 2024 by Mohammed Almarshidi and Arif Alotaibi, RIME develops a platform that enables enterprises to deploy AI Agents powered by Edge Computing and AIoT to make real-time decisions at operational sites.

The company will use the new funding to strengthen its presence in Saudi Arabia, accelerate platform development, and help enterprises deploy scalable AI applications across day-to-day operations.

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