MENA Startups
Saudi DeepTech Startup Strataphy Secures $6M to Scale Its Subsurface Cooling Across MENA’s Giga-projects and Data Centers
Saudi deep-tech company Strataphy secures $6M in seed funding to scale its subsurface cooling technology as AI, giga-projects, and hyperscale data centers strain global energy systems.
Strataphy, a deep-tech company redefining how the world cools AI and industrial infrastructure, has raised $6 million in seed funding led by Outliers VC and joined by Shorooq, with participation from PlusVC (+VC).
The company will use the new funding to advance its technology, expand its full-service stack, and grow its engineering and operations teams to support new deployments across giga-projects, industrial facilities, and hyperscale data centers in MENA and beyond.
A Cooling Crisis Fueling the Next Infrastructure Revolution
Cooling has quietly become the biggest constraint on hyperscale expansion and industrial growth, especially in hot-climate regions, where it already consumes nearly 50% of total electricity use across sectors. The pressure is most acute in the Middle East, home to one of the world’s largest and fastest-growing cooling markets at $120+ billion annually, including $13 billion in Saudi Arabia alone.
Strataphy’s platform, powered by its proprietary PrimeLoop™ subsurface technology, provides a fundamentally new approach: leveraging deep, stable thermal energy to cool infrastructure with drastically lower power requirements. The system enables industrial and commercial facilities, including data centers, to cut energy intensity, reduce operating costs, and meet surging cooling demand.
Speaking on the fundraise announcement, Dr. Ammar Alali, co-founder and CEO of Strataphy said, “AI and industrial infrastructure are scaling faster than the systems that keep them cool and efficient. In AI hardware, cooling has quietly outpaced semiconductors, servers, and even data centers as the largest driver of net-new hardware spending since 2022. Our mission is to build the backbone for next-generation cooling, scalable, reliable, and cost-efficient. This investment will accelerate our technology, expand our team, and enable us to meet the surging demand across the region and beyond.”
Dr. Ammar Alali, who holds a PhD in Earth Sciences and Energy Systems from the Massachusetts Institute of Technology (MIT), co-founded Strataphy with Ahmed Alhani. Ammar and Ahmed have worked together for over 15 years at Saudi Aramco and other ventures, leading projects in subsurface exploration, geothermal systems, and energy optimization. This shared experience is the foundation of PrimeLoop, Strataphy’s proprietary subsurface cooling technology, purpose-built for high-temperature regions with dominant cooling needs, engineered to overcome the limitations of conventional geothermal systems originally designed for heating in colder climates.
Growing Demand Across Giga-Projects, Industrial Facilities, and Data Centers
Strataphy’s clients and partners include NEOM, King Abdullah Economic City, Saudi Tabreed, Enersol, ADNOC Drilling, and Alpha Dhabi Holdings, among others, across the region. These deployments highlight the rising demand for scalable, efficient cooling solutions in high-temperature environments. Strataphy’s Cooling-as-a-Service model shifts geothermal cooling from a capital expense to a predictable operating cost, allowing organizations to deploy advanced systems with minimal upfront investment while reducing long-term energy consumption and improving reliability.
Strataphy has successfully demonstrated PrimeLoop in commercial settings and documented electricity cost reductions of up to 49% compared to conventional cooling systems, proving its ability to deliver efficient, reliable, and scalable cooling in some of the world’s hottest environments.
Mohammed Almeshekah, Founder and General Partner at Outliers VC shared, “Cooling remains one of the most overlooked opportunities in the region’s broader infrastructure transformation. As demand accelerates and AI adds further pressure, efficient and scalable cooling is becoming essential for sustained growth. Strataphy’s subsurface powered approach delivers a step change in reliability and energy use. We are backing the team because they are rethinking the infrastructure that will shape the region’s next decade of progress.”
Shane Shin, Founding Partner at Shorooq, concluded, “Cooling infrastructure is the hidden backbone of the AI and industrial revolution. What Strataphy is building isn’t just a better system, it’s a fundamental rethinking of how energy, environment, and infrastructure intersect in hot-climate economies. Their ability to turn subsurface cooling into a scalable service unlocks an entirely new layer of sustainability and performance for the region. We’re backing Strataphy because they’re not just solving for heat, they’re enabling the infrastructure that will power the next decade of innovation.”
About Strataphy
Strataphy is a deep-tech company pioneering subsurface-powered cooling for large-scale infrastructure. Founded by Dr. Ammar Alali and Ahmed Alhani, Strataphy develops and operates proprietary geothermal cooling systems that reduce energy consumption and cost for data centers, giga-projects, and cities. Its Cooling-as-a-Service model allows clients to adopt the technology with no upfront investment.
About Outliers VC
Outliers is an early-stage investment firm backing outlier founders in MENA. We are an operator-led firm, partnering with the entrepreneurs shaping the region’s tech and business landscape. We work with founders who build different, uncovering category-defining opportunities that create outsized outcomes.
About Shorooq
Founded in 2017, Shorooq is the leading alternative investment manager across the Middle East and North Africa regions. The firm’s venture capital and private credit funds invest in the most innovative technology companies, with deep sectoral expertise in Fintech, Platforms, Software, AI, and
Deeptech. Shorooq is a pan-regional firm with direct and indirect presence across Abu Dhabi, Dubai, Riyadh, Egypt, and Korea. Shorooq refers to a group of companies that are affiliates of each other and which operate under this business name, of which Shorooq Partners Ltd (regulated by the ADGM Financial Services Regulatory Authority, FSRA FSP: 190004 as a category 3C Fund Manager) is a member.
MENA Startups
UAE-Based FinTech Company Al Ansari Exchange Tests Voice AI in Mobile App and Explores Agentic AI to Enhance Financial Services
The initiative forms part of Al Ansari Financial Services’ broader commitment to Dubai’s private sector transformation programme.
Al Ansari Exchange, a subsidiary of Al Ansari Financial Services PJSC (“The Group”) (DFM: ALANSARI), is testing artificial intelligence in its mobile app and exploring its use, as Dubai presses businesses to adopt more autonomous AI systems.
The initiatives are part of Al Ansari Financial Services’ participation in a Dubai government programme under which 11 Dubai-based companies pledged to integrate agentic AI into their operations with the support of Dubai Chambers.
Al Ansari Financial Services is assessing how AI could accelerate internal processes, such as compliance functions, in line with international best practices while meeting regulatory requirements and delivering a seamless, frictionless customer experience.
The group works with federal and local government entities, including the Central Bank of the UAE and Dubai’s Department of Finance, to support the transition towards a cashless economy.
“Our work with voice AI is a stepping stone towards more advanced applications, including agentic AI,” said Rashed A. Al Ansari, Group CEO of Al Ansari Financial Services. “AI will play an increasingly important role in customer service and internal processes. Our priority is to develop reliable, scalable solutions suited to a regulated financial business.”
“We work closely with the relevant UAE authorities to support national priorities and implement regulatory requirements across our operations. Guided by their leadership, we focus on delivering reliable financial services that meet customers’ needs,” Al Ansari added.
Ali Al Najjar, Chief Executive Officer of Al Ansari Exchange, said: “We have implemented voice AI in our app to help customers navigate services and complete routine tasks more easily. Our operational focus is on accuracy, clear guidance and access to our customer service team whenever personal assistance is needed.”
The AI work builds on a digital base the company has been expanding as Dubai moves away from cash. Digital channels accounted for 27% of total value of remittances at Al Ansari Exchange in 2025, up from 23% in 2024. A growing share of customer activity on digital channels widens the scope for tools such as the voice feature now in its app.
That shift mirrors the emirate’s wider progress. Dubai Finance said on October 9 that Dubai’s cashless transactions index reached 90.1%, passing the 90% target set for 2026 under the Dubai Cashless Strategy launched in October 2024.
The strategy’s final report credited partnerships among government entities, financial institutions and payment providers, and said cashless payment initiatives had contributed more than AED 8 billion to the emirate’s economy.
MENA Startups
Saudi-based AI Startup Cycls Launches Specialized AI Agents to Automate Business Tasks and Support Local Market Needs
to help individuals and businesses across Saudi Arabia streamline daily operations and accomplish tasks more efficiently.
Cycls, a Saudi AI platform, has introduced a team of specialized AI agents designed to help individuals and businesses across Saudi Arabia streamline daily operations and accomplish tasks more efficiently.
AI no longer just answers questions and makes suggestions. It now executes complete tasks: researching, gathering information, analyzing, and delivering ready-to-use outputs. This is where
Cycls offers an experience that goes beyond traditional AI conversation. Instead of just receiving an answer, users can assign agents multi-step tasks: researching, browsing, analyzing, organizing information, and preparing final outputs.
Founded in 2021 by engineers Mohammed Alrujayi and Mohammed Alogayyil, Cycls has delivered specialized AI projects for government, private, and non-profit sectors. This experience now powers a growing family of intelligent agents built for diverse needs, with deep understanding of the Saudi context and local market requirements.
Cycls has also built sovereign cloud infrastructure within Saudi Arabia, giving individuals and organizations direct access to AI with models and data hosted inside the Kingdom.
Super: Get any work done
Super is the versatile agent you can rely on for diverse tasks requiring research, browsing, analysis, and file creation.
For example, a founder might ask Super to prepare a preliminary study for a new market. The agent searches for relevant information, gathers and compares data, then organizes findings into a report or presentation that helps the founder understand the market and make informed decisions. Super also handles files, analyzes data, and prepares documents, presentations, and dashboards, while connecting to supported systems and data sources, allowing users to complete multiple stages of work through a single experience.
The experience extends beyond the current task: Cycls saves and organizes information within workspaces, making it accessible and reusable for future tasks.
Haseef: An expert in Saudi law
Legal work can be slow. Reviewing a contract or researching a statute often means navigating multiple laws, regulations, and official sources. This is where Haseef comes in, the AI agent specializing in Saudi law, helping users research legislation, regulations, decisions, and judicial precedents, understand legal texts, and draft and review documents.
A business owner might upload a commercial contract and ask which clauses deserve closer attention or what legal requirements apply to a particular provision. Haseef can analyze the wording, explain the points that warrant review, and refer the user to relevant legal sources.
It also drafts contracts, agreements, policies, and legal memoranda, organizing associated information and references, serving as a support tool for professionals and individuals alike, while professional review remains essential depending on the matter.
Badee: A full-service marketing agency
From concept to content, design, and distribution, Badee combines the full range of marketing and creative tasks in a single intelligent agent, delivering an experience that mirrors working with a complete marketing agency.
A brand owner might ask Badee to prepare a campaign for a new product launch. The agent begins by understanding the product and target audience, then helps develop the creative concept and marketing messages, writes content, and prepares designs, images, and materials suited for different platforms. Its capabilities extend beyond content creation to include campaign planning, influencer recommendations, organizing marketing materials, and preparing and executing content for publication across supported channels.
Badee also creates, edits, and enhances images, with careful attention to Arabic language and Saudi cultural context, helping brands and content creators move from idea to execution within a seamless experience.
Namaa: Your agent for the Saudi stock market
Financial markets move constantly, and the information investors need is scattered across prices, technical indicators, company announcements, financial statements, and reports. Namaa, the agent specializing in the Saudi stock market, helps gather, analyze, and present this information in a clearer, more accessible form.
A user might ask for a comparison of two listed companies over a specific period. Namaa analyzes available financial data, compares revenues, profits, and relevant indicators, then organizes findings into a report that clarifies the differences. It also provides analysis of stock movements and technical indicators, tracks company announcements and news, and covers data from both the Main Market and the Parallel Market (Nomu).
Namaa helps users understand financial information and market trends, without replacing independent investment judgment or specialized financial advice.
Cycls on the go
The Cycls app, on the App Store and Google Play, lets users start tasks, pick up where they left off, and check progress on the go, while agents keep working in the background.
Sabtiah: Saudi Arabia’s largest AI community
Every Saturday, developers, entrepreneurs, researchers, and AI enthusiasts gather at Cycls’ headquarters in Riyadh for Saudi Arabia’s largest dedicated AI community. Named after the day it meets, following the Arab tradition of weekly gatherings, Sabtiah is a space to share knowledge, discuss the latest developments, showcase new projects and ideas, and build relationships across the field. Conversations continue long after each session, with members exchanging opportunities and expertise throughout the week, deepening Cycls’ role in growing the Saudi AI community.
Saudi AI, beyond answers
Cycls brings together a family of specialized agents with one goal: turning AI from a tool for passing answers into a tool for real accomplishment.
As the company develops its platform and expands its range of agents, its focus remains on the practical needs of individuals and businesses. That means understanding the laws, markets, language, and culture that shape their work.
MENA Startups
UAE-Based AdTech Startup JustAd Secures $5M Investment to Expand AI-Powered Advertising Platform Into New Markets
Dubai-based JustAd has secured $5 million from angel investor Emad Juma to support its international expansion and develop its AI-powered advertising platform, which combines campaign management, analytics and flexible advertising financing.
JustAd operates a unified advertising platform that enables businesses to plan, launch, monitor and optimize campaigns across major digital networks, including Meta, TikTok, Snapchat and Google Ads. Its technology combines AI-powered campaign analytics, return-on-investment tracking, product catalogue integrations and consolidated reporting, allowing advertisers to manage multiple channels through a single interface.
The company has also developed an advertising financing model called Advertise Now, Pay Later (ANPL), which enables businesses to launch campaigns immediately while spreading advertising payments over installments of up to 12 months. The model is designed to address cash flow challenges faced by small and medium-sized advertisers, allowing them to maintain marketing activities without paying their full advertising budgets upfront.
JustAd Secures $5M to Accelerate International Expansion
The $5 million investment from Emad Juma will support JustAd’s expansion beyond its established markets in the MENA region. The company plans to establish local sales and customer support teams in its target markets while adapting its products to meet different business requirements and strengthening partnerships with major global advertising platforms.
As part of its expansion strategy, JustAd intends to enhance its AI-powered advertising technology and develop additional capabilities tailored to local market needs. The company expects to begin onboarding customers in its new markets in early 2027, although it has not disclosed the specific countries included in its initial expansion plans.
The investment will also support the company’s efforts to position its platform as an integrated solution for businesses seeking to manage advertising operations, monitor campaign performance and access financing through a single digital ecosystem.
AI-Powered Platform Integrates Advertising Management and Analytics
JustAd’s platform brings together campaign planning, execution and performance measurement across multiple advertising networks. By integrating Meta, TikTok, Snapchat and Google Ads, the company enables advertisers to coordinate their digital marketing activities without switching between separate platforms.
The system uses AI-powered analytics to help businesses evaluate campaign performance, track advertising returns and identify opportunities for optimization. It also includes product catalogue integrations and unified reporting tools, providing advertisers with a consolidated view of campaign results across different channels.
This approach is designed to simplify advertising operations for businesses managing campaigns across several platforms, while helping marketing teams make decisions based on performance data. By combining campaign management and analytics, JustAd aims to reduce operational complexity and improve visibility into advertising expenditure.
Advertise Now, Pay Later Offers Flexible Financing for SMEs
One of JustAd’s core products is its Advertise Now, Pay Later model, which allows businesses to run advertising campaigns immediately and pay their advertising budgets in installments over periods of up to 12 months.
The financing solution targets cash flow challenges that can limit advertising activity among small and medium-sized businesses. Rather than requiring advertisers to cover their entire campaign budgets upfront, the model provides a payment structure intended to help companies maintain campaigns while managing their available working capital.
JustAd delivers the service through approved advertising accounts managed by authorized agencies, alongside direct technical support for customers using major digital advertising platforms. The arrangement combines advertising account management, campaign execution and financing within the company’s broader technology offering.
By integrating ANPL with its advertising management and analytics tools, JustAd is developing a model that connects advertising technology with financial services. The company positions this combination as a specialized FinTech solution for the advertising industry, bringing campaign management, performance measurement and advertising financing into one platform.
JustAd Targets New Markets in Early 2027
Following the investment, JustAd plans to expand its operations by building local commercial and customer support teams, developing market-specific products and strengthening relationships with global advertising networks.
The company expects to start accepting customers in its new markets in early 2027, marking the next stage of its growth strategy beyond MENA. Its expansion will focus on making its integrated advertising platform accessible to businesses seeking centralized campaign management and more flexible advertising payment options.
With $5 million in new funding, JustAd aims to scale its AI-powered marketing infrastructure while extending its Advertise Now, Pay Later offering to additional markets. The investment supports the company’s broader strategy of combining advertising operations, analytics and financing to address the needs of businesses managing digital marketing campaigns.
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