Riyadh – Sharikat Mubasher: Omani artificial intelligence (AI) startup Sampo successfully secured $750,000 in a Pre-Seed funding round, led by Waad Investment and OmanTel Innovation Labs, with participation from Hexnture and several Saudi angel investors.

According to an announcement on X.com, Sampo plans to utilize this investment round to fund its expansion into Saudi Arabia and the UAE, aiming to reach a larger customer base in the region.

The company was founded in July 2024 by Khalifa Manaa, Saif AL Essai, offering AI-driven dynamic pricing solutions targeted at e-commerce stores.

During its participation in GITEX 2024, Sampo earlier signed a strategic partnership agreement with T2 Saudi Arabia. This collaboration came as part of a broader initiative aiming to elevate the e-commerce sector in the region by integrating the expertise of leading tech and smart services companies.

Sampo Ai aims to integrate AI-powered pricing optimization to help e-commerce businesses boost revenue by up to 30%, offering real-time insights into market trends and demand.