MENA’s AI-powered Mozn raises $10M Series A | MAGNiTT
Summary
Reach out to our Sales Team The Middle East’s pioneering Enterprise AI solutions startup, Mozn, has successfully raised $10M in its latest funding round. Founded in 2017 by Dr. Mohammed Alhussein and Dr. Khalid Al-Ghonaim, and later joined by co-founders Abdullah Alsaeed and Malik Alyousef, Mozn focuses on empowering enterprises to make better mission-critical decisions through AI products and solutions that leverage its proprietary state-of-the-art Arabic Natural Language Understanding (NLU) platform, as well as its cutting-edge risk & fraud engine. Browse our latest and pick your data focus In addition to this round of fundraising, Mozn has announced the record-breaking performance of its NLU engine in the field of Named-entity recognition (NER), beating both open source and proprietary benchmarks. Mozn will use its newly raised funds to further enhance its NLU engine and unlock use cases that have never been possible before for the 2 Billion people using Arabic and other related languages across the globe. We are very proud indeed to lead this round,” founding partner at Raed Ventures Omar Almajdouie stated, “We believe that Mozn will become a flagship AI company specializing in the fields of NLU and risk management technologies.