Aumet, a Saudi Arabia-based healthcare technology startup providing tailored solutions to healthcare providers, operating in Saudi Arabia, Jordan, and Egypt, raised $7 million in pre-Series A funding from global venture capital and private equity firms.
Healthcare investors and pharmaceutical conglomerates such as AAIC, a Tokyo-based healthcare-focused venture capital firm, Swiss PE firm AIJ Holdings, Hamad Ali Sagri family office, Tijah Holdings, Cigalah Group, and Shorooq Partners participated in the new round.
The startup plans to use the proceeds to develop its AI capabilities further, expand its reach to more pharmacies, and provide greater access to affordable healthcare products for consumers to achieve its promise of “securing the lives of a billion of people by digitalizing the medicine and medical procurement cycle globally."
Aumet, an artificial intelligence (AI)-enabled business-to-business (B2B) healthcare platform, 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.
Company: Aumet, Inc.
Round: Pre-Series A
Funding Month: March 2023
Additional Investors: AAIC, Swiss PE firm AIJ Holdings, Hamad Ali Sagri family office, Tijah Holdings, Cigalah Group, and Shorooq Partners
Company Website: https://aumet.com/
Software Category: AI-enabled B2B Healthcare Platform
About the Company: Founded in 2016 by Ashraf Samhouri, Jamal Abu Samra, Mohammad Issa, Tariq Khader, and Yahya Aqel, Aumet is an AI-enabled B2B healthcare platform that provides tailored solutions to healthcare providers. It is dedicated to providing tailored solutions that enhance the performance of healthcare providers and operates in Saudi Arabia, Jordan, and Egypt. Aumet is a Saudi company that was originally established in the United States, Aumet companies with their business decisions and performance and facilitates the exchange of data between healthcare providers, manufacturers, and distributors to enable them to take the right decision. The company strongly believes that technology can radically improve decision-making and performance in the healthcare industry. The startup serves over 10,000 pharmacies across three core markets, including Saudi Arabia, Jordan, and Egypt.