How much funding has Rihal raised?

Rihal has raised $7.5M in total funding. Their latest funding round was Series A. Key investors include ["ITHCA Group"].

Where is Rihal headquartered?

Rihal is headquartered in Muscat, Oman. The company has a team of 201-500 people.

Rihal operates in the AI in Analytics & BI sector. Rihal is a data-driven technology company specializing in data management, intelligent process automation, and AI solutions to facilitate digital transformation for organizations. To convert and migrate organizations from a document-based mentality to a robust, data-driven approach, thereby introducing efficiency and automation into their workflows for a successful digital transformation.

When was Rihal founded?

Rihal was founded in 2018. It is based in Muscat, Oman.

How much funding has Rihal raised?

Rihal has raised $7.5M in total funding. Key investors include ["ITHCA Group"].

Who is the CEO of Rihal?

Azzan Al Kindi is the CEO of Rihal. The company was founded in 2018.

Where is Rihal located?

Rihal is headquartered in Muscat, Oman.

What funding stage is Rihal at?

Rihal is currently at the Early Stage stage.

How many employees does Rihal have?

Rihal has approximately 201-500 employees.

Rihal

Category: AI in Analytics & BI

Rihal is a data-driven technology company specializing in data management, intelligent process automation, and AI solutions to facilitate digital transformation for organizations. Rihal was founded in 2018. The company is led by Azzan Al Kindi. Based in Muscat, Oman. Team size: 201-500. Total funding raised: $7.5M. Latest round: Series A. Key investors include ["ITHCA Group"].

Founded: 2018
Headquarters: Muscat, Oman
Team size: 201-500
Total funding: $7.5M

Value proposition

To convert and migrate organizations from a document-based mentality to a robust, data-driven approach, thereby introducing efficiency and automation into their workflows for a successful digital transformation.

Products and solutions

["Jadawal (Spreadsheet data management and collaboration)","Eysal (Invoice management solution)","Hassad (Time tracking solution)","Iqraa (Data extraction from unstructured sources)","SIRAAJ (AI productivity platform)","Data Management and Migration Solutions","Intelligent Process Automation (RPA)","AI and Machine Learning Solutions","IT-enabled Resource Management"]

Unique value

Rihal's uniqueness lies in its focus on solving complex data challenges specific to the Omani and GCC markets, combining proprietary software with deep expertise in both data management and intelligent automation to serve key regional industries.

Target customer

Large enterprises and government entities, particularly in the GCC region.

Industries served

["Government","Oil and Gas","Telecom","Logistics","Energy and Minerals"]

Technology advantage

The company's key advantage is its ability to extract, transform, cleanse, and load data from both structured and unstructured sources, leveraging AI and RPA to automate processes and provide actionable business intelligence.

How they differentiate

Rihal differentiates itself by offering a comprehensive suite of data management and digital transformation services, including AI-powered data extraction (Iqraa), invoice management (Eysal), and time tracking (Hasad). They focus on moving organizations from document-based to data-centric operations, covering the entire digital journey from data migration to intelligent process automation.

Main competitors

["Oman Data Park","Data2Cloud","eMushrif"]

Key partnerships

["ITHCA Group (Lead Investor)","Omantel (RPA Training and Solutions)","Oman Data Park (Digital Platform Collaboration)","OutSystems (Low-Code Platform Partner)","Petroleum Development Oman (PDO) (Client/Partner)","Ministry of Energy and Minerals (Client/Partner)"]

Notable customers

["Clients in Government sector","Clients in Logistics sector","Clients in Telecom sector","Clients in Oil and Gas sector"]

Major milestones

["Secured $7.5 million in a Series A funding round led by ITHCA Group.","Ranked as the third fastest-growing technology company in the Middle East by Deloitte.","Expanded its services to provide complete digital transformation journeys for large organizations.","Successfully launched several SaaS products, including Iqraa and Eysal."]

Growth metrics

The company has demonstrated significant growth, achieving a compound annual growth rate (CAGR) of 119% since its seed round in 2021.

Market positioning

Rihal is positioned as a fast-growing technology leader in Oman and the broader Middle East. It was ranked as the third fastest-growing tech startup in the Middle East by Deloitte, highlighting its significant traction and market acceptance. The company is transitioning from a niche data services provider to an enabler of complete digital transformation for large organizations.

Geographic focus

Rihal was founded in Muscat, Oman, with an initial focus on the local market. With its recent funding, the company is actively pursuing regional expansion across the GCC and the wider MENA region.

Patents and IP

Information regarding specific patents or IP is not publicly available.

About Azzan Al Kindi

Co-Founder and CEO of Rihal since July 2018. Previously served as a Senior Petroleum Engineer at Petroleum Development Oman for nearly six years.

Official website: https://www.rihal.om/