Saudi Arabia-based data and digital-transformation company Master Works has closed an investment of $40 million (SAR150 million), it has said in a statement.
The transaction was done by Merak Capital, an investment firm focused on technology companies and licensed by the Capital Market Authority of Saudi Arabia, it added.
Founded in 2010 by Hani Al-Lehaibi and Bandar Al-Amri, Master Works offers products and services across multiple technology fields such as data management, artificial intelligence, data strategy, API management, software development, and Robotic Process Automation (RPA).
The business is headquartered in Riyadh with offices in Egypt, UAE, Jordan, and India.
Recently, the company launched in-house developed software such as Digital PMO (P+), Digital SMO (S+), Baseer, and Diwan.
The firm said in its statement it serves more than 140 clients across government and private sectors in Saudi Arabia, with the support of more than 20 global technology providers.