Saudi tech firm Quantum secures $7m pre-series A

Riyadh-based ad tech company Quantum has raised US$7 million in a pre-series A funding round.

The funding will support the company’s plans to expand operations and enhance its platform, starting with the Gulf Cooperation Council (GCC) region.

The funding round was led by HearstLab, marking the firm’s first investment in the Middle East.

Quantum was established in 2020 by Omar Malaikah and Sara Bin Ladin.

It offers a platform that connects advertisers with publishers to improve efficiency and transparency in digital advertising.

Recent Quantum developments

Timeline
12-Feb-2025 Quantum computing startup QuEra raises $230m in funding
07-Jan-2025 Israeli startup Quantum Machines secures $100m in funding
18-Dec-2024 Indian quantum tech startup raises $2m seed funding
11-May-2020 Singapore quantum computing startup Entropica Labs bags $1.8m in seed funding
21-Nov-2019 China quantum research team uses AI to crack processing time in supercomputer race
29-Apr-2019 Quantum computing, without quantum computers

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