New GCC Startup Algebra AI Raises US$7M to Deliver Enterprise-Grade AI Services

New GCC Startup Algebra AI Raises US$7M to Deliver Enterprise-Grade AI Services

10 June 2026•

A man in a dark suit sits in an office, smiling with a cityscape visible through the window behind him.

Anis Harb, Algebra AI Co-Founder & CEO

Algebra AI has officially launched after operating in stealth mode, securing US$7 million in financing from regional and international investors, including Infinity Constellation, BECO Capital, Silicon Badia, and Waseel Investments.

The company enters the market at a time when artificial intelligence adoption is accelerating across the Gulf Cooperation Council (GCC). However, many mid-market businesses remain caught between low-cost AI software and expensive enterprise implementations.

According to Algebra AI, more than 30,000 mid-market businesses are operating across the GCC. These companies form a significant portion of the region's economic backbone but often lack the internal resources required to deploy and maintain large-scale AI infrastructure.

The startup already serves clients across multiple sectors, including:

  • Financial Services
  • Food & Beverage
  • Distribution
  • Manufacturing

Rather than selling a standard software product, Algebra AI develops customized AI operating systems designed around each company's existing workflows, approval structures, and operational constraints.

Who Founded Algebra AI?

Algebra AI was co-founded by Anis Harb, a veteran operator best known for scaling Deliveroo's Middle East business from launch to more than US$1 billion in Gross Transaction Value (GTV).

The company was established in partnership with its founding investors, creating a model that combines operational expertise with deep venture capital support.

Founding Team and Investor Network

StakeholderRole
Anis HarbCo-Founder & CEO
Infinity ConstellationFounding Investor
BECO CapitalFounding Investor
Silicon BadiaFounding Investor
Waseel InvestmentsFounding Investor
Francis PedrazaCo-Founder of Infinity Constellation and Founder of Invisible Technologies

This investor syndicate brings together experience across AI services, venture capital, and technology scaling throughout the Middle East and global markets.

How Does Algebra AI's Business Model Differ from Traditional SaaS?

Most AI vendors sell standardized software platforms designed to serve thousands of customers with minimal customization.

Algebra AI follows a different approach.

The company studies how an organization operates in practice, then designs, deploys, and continuously manages AI systems tailored to that business. This includes integrating with existing software stacks, operational processes, approval workflows, and business constraints.

According to CEO Anis Harb, the company remains accountable for operational outcomes rather than simply providing software licenses.

This model reflects a broader shift toward AI-powered managed services, a category gaining traction globally as businesses seek measurable returns from AI investments.

Why Could the GCC Become a Major Market for AI-Powered Services?

The GCC has emerged as one of the world's fastest-growing AI investment regions.

Governments and ecosystem builders across the region have launched initiatives to accelerate AI adoption, including:

  • Saudi Arabia's Vision 2030 digital transformation agenda
  • NEOM's AI-enabled urban development strategy
  • Hub71's startup ecosystem expansion in Abu Dhabi
  • ADGM's fintech and innovation regulatory framework
  • UAE National AI Strategy initiatives

These programs are driving demand for practical AI deployment beyond large enterprises.

While multinational corporations can allocate millions of dollars to AI transformation projects, mid-market businesses often face a significant implementation gap. Algebra AI aims to address this challenge by delivering customized systems without requiring companies to build large internal AI teams.

What Opportunity Do Investors See in Algebra AI?

Speaking on behalf of the founding investors, Francis Pedraza, Co-Founder of Infinity Constellation and Founder of Invisible Technologies, highlighted the growing demand for AI systems that operate inside real businesses rather than functioning as isolated demonstrations.

Investors believe the combination of:

  • More than 30,000 potential GCC mid-market customers
  • Rising AI adoption across the region
  • Strong founding syndicate support
  • Proven operating leadership
  • Growing demand for outcome-based AI services

could position Algebra AI as a category-defining player in the emerging AI-powered services sector.

The company's launch reflects a broader trend across the Middle East's startup ecosystem, where investors are increasingly backing AI infrastructure, enterprise automation, and productivity-focused technology companies.

What's Next for Algebra AI?

Following its US$7 million financing round, Algebra AI plans to:

  • Expand its GCC client base
  • Grow its AI engineering team
  • Increase managed service capabilities
  • Deepen sector expertise across financial services, manufacturing, distribution, and food & beverage
  • Scale customized AI deployments across the region

As AI adoption moves from experimentation to operational implementation, companies that can bridge the gap between generic AI tools and enterprise-grade systems may become critical enablers of digital transformation throughout the GCC.

 

 

FAQ

1. What is Algebra AI?
Algebra AI is a GCC-focused AI services company that builds and manages customized artificial intelligence systems for mid-market businesses across sectors such as financial services, manufacturing, distribution, and food & beverage.

2. How much funding has Algebra AI raised?
Algebra AI launched with US$7 million in financing from investors including Infinity Constellation, BECO Capital, Silicon Badia, and Waseel Investments.

3. Who founded Algebra AI?
Algebra AI was co-founded by Anis Harb, who previously scaled Deliveroo's Middle East operations to more than US$1 billion in gross transaction value.

4. What industries does Algebra AI serve?
The company currently serves clients in financial services, food and beverage, distribution, and manufacturing, with plans to expand across additional GCC industries.

5. Why is the GCC considered an attractive AI market?
The GCC is investing heavily in AI through initiatives such as Saudi Vision 2030, NEOM, Hub71, ADGM, and the UAE National AI Strategy, creating strong demand for practical AI deployment solutions across businesses of all sizes.

Author

Lucy, the cute female unicorn of Lucidity Insights, waving and standing in front of a purple background.

Lucy is a young unicorn passionate about responsible business practices, from Sustainability and ESG performance management to deep-dive investigations of the broad socio-political and macro-economic implications of various government and business strategies. Lucy has a knack for research, data analytics, and understanding the implications of new and disruptive technologies. Prior to becoming a tech news reporter, Lucy spent a few years working for the United Nations, researching and evaluating the socio-economic impact of various programs and the adoption of technological innovations. Lucy studied integrated engineering, and worked on converting her fuel-powered car into an electric vehicle as her final project for graduation. Lucy can still be seen driving her zero-emissions vehicle in and around Dubai, where she grew up. Lucy speaks English and Arabic, and completed her studies in Canada, where she also minored in magic powered technological solutions. Lucy specializes in sustainable development, climate tech, ESG, social impact startups, venture capital, macroeconomics and geopolitics.

Subscribe To Our Newsletter

Stay up to date with the latest news, special reports, videos, infobytes, and features on the region's most notable entrepreneurial ecosystems

Register for our free weekly newsletter

Stay up to date with the latest news, special reports, videos, infobytes, and features on the region's most notable entrepreneurial ecosystems