Mubasher: US-based AI business automation platform PLATMA seeks to enter the MENA market after securing a $2.20 million pre-seed funding round at a valuation of $20 million.
PLATMA has supported a range of local businesses across the MENA region through its fastest-growing office in the UAE, according to a press release.
The expansion plans were backed by a consortium of international investors led by the global venture fund Almaz Capital, with participation from Kazakhstan's EA Group, and Uzbekistan’s Aloqa Ventures, among several other investors and angel backers
The fundraising transaction was also led by Estonia-based Startup Wise Guys, Azerbaijan’s CAUCASUS VC, and venture investors from Kazakhstan.
Established in 2022, the platform enables users without programming skills to develop complex business processes simply by describing them in natural English. It leverages advanced Natural Language Processing (NLP) algorithms and AI to transform user inputs into ready-to-use solutions.
Yaroslav Kologryvov, Co-Founder of PLATMA, said: “The MENA region is a strategic priority for PLATMA as businesses here increasingly seek innovative solutions for digital transformation.”
“Our platform’s ability to convert natural language into functional business applications aligns with the region’s vision for technological advancement and economic diversification," Kologryvov added.
