Oman-based technology company Rihal has raised $7.5 million in the first close of its Series A funding round, led by ITHCA Group. The capital will support Rihal’s efforts to scale its proprietary SaaS platforms, expand across regional and international markets, and fuel the next phase of digital transformation.
From Local Roots to Global Ambitions
Founded in 2018, Rihal positions itself as a data-driven enabler for organizations seeking digital transformation. The company delivers solutions across a range of industries, including:
- Government – modernizing public services through data and automation.
- Telecom – enabling smarter operations with AI and software engineering.
- Logistics – optimizing supply chains through data-driven insights.
- Oil and Gas – enhancing efficiency with advanced data management and automation.
Its suite of offerings covers data management, robotic process automation, artificial intelligence, IT resourcing, and software engineering, allowing enterprises to adopt modern technologies at scale.
Focus on Proprietary Platforms
With the new funding, Rihal intends to accelerate the growth of its proprietary platforms. These tools are designed to simplify data management and empower businesses with advanced analytics capabilities. By scaling these products, the company aims to meet rising global demand for AI-driven solutions.
The company’s strategy is built around three pillars:
- Regional expansion – strengthening its presence in the Gulf and beyond.
- Global reach – entering new markets with scalable SaaS products.
- Product innovation – investing in AI and software platforms that address industry-specific needs.
A Partnership for Growth
Azzan Al Kindi, CEO of Rihal, emphasized the importance of the partnership with ITHCA Group in enabling the company’s next stage of growth:
“Since our seed round, we have been focused on sustainable growth, building a diverse team, and delivering value to clients. The continued support from ITHCA provides us with the resources to embark on global expansion and strengthen our position as a market leader.”
This funding also aligns with Oman’s broader digital transformation vision, as the country positions itself as a hub for innovation and technology-driven growth in the region.
Preparing for Second Close
Rihal is now preparing for the second close of its Series A round. The company is seeking strategic investors who share its mission of delivering enterprise-grade solutions that unlock the potential of data and AI.
The additional funding will allow Rihal to:
- Broaden its international footprint.
- Build stronger partnerships with global enterprises.
- Expand its research and development capabilities.
Looking Ahead
With a strong foundation in key industries and backing from ITHCA Group, Rihal is well positioned to scale. Its focus on SaaS, AI, and data-driven platforms reflects the growing demand for intelligent digital solutions across the region and worldwide.
The $7.5 million raise is just the beginning, as Rihal sets its sights on becoming a leading global player in enterprise data and AI innovation.