Saudi's health-tech startup, Aumet acquires $7 million pre-series A funding 

Saudi Arabia-based healthcare technology startup, Aumet has acquired a $7 million pre-Series A funding round.

The round came from Tokyo-based healthcare-focused venture capital, AAIC, the Swiss PE firm AIJ Holdings, Hamad Ali Sagri family office, Tijah Holdings, Cigalah Group, and existing investor Shorooq Partners.

The startup will use the funds to further develop its AI capabilities, expand its reach to more pharmacies, and make healthcare products more accessible and affordable.

Aumet is an ArtificiaI Intelligence-enabled B2B healthcare platform, that provides tailored solutions to healthcare providers.

The platform uses predictive analytics to forecast the procurement of products for pharmacies, resulting in significant cost savings and greater efficiencies in the supply chain of pharmacies.

It also facilitates the exchange of data between healthcare providers, manufacturers, and distributors to enable them to make the right decision.

The startup boasts of serving more than 10,000 pharmacies across Saudi Arabia, Jordan, and Egypt. The startup’s mission is to “secure the lives of a billion of people by digitalizing the medicine and medical procurement cycle globally.”

Aumet was launched in 2016 by Ashraf Samhouri, Jamal Abu Samra, Mohammad Issa, Tariq Khader, and Yahya Aqel in Jordan.

Source: Forbes