Saudi Arabia-based Aumet Raises $12 Mn Series A led by Emkan Capital
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The latest capital infusion is expected to support AI capabilities, expand enterprise deployments, and regional growth across the GCC and international markets.
Saudi Arabia-based Aumet has raised $12 million in a Series A funding round led by Emkan Capital to strengthen its AI platform.
The round included participation from Qatar Development Bank (QDB), Azerbaijan-headquartered SABAH Fund, and Singapore-based consulting and investment firm AAIC, alongside participation from existing investors such as the UAE-based Shorooq and San Francisco-based Right Side Capital Management.
The latest capital infusion is expected to support AI capabilities, expand enterprise deployments, and regional growth across the GCC and international markets.
Founded in 2016 by Yahya Aqel, Adel Haddad, and Shahed Jaber, Aumet builds an AI-first procurement operating system for healthcare providers and pharmacies.
Its platform connects pharmacies, suppliers, hospitals, and healthcare systems through solutions focused on procurement, inventory management, and supply chain intelligence.
By leveraging AI to support procurement workflows, the company aims to reduce inefficiencies caused by fragmented systems, regulatory requirements, and operational pressure.
Reportedly, the company has processed more than $1 billion in gross merchandise value and facilitates over 5 million transactions annually.
Currently, its network connects more than 12,000 pharmacies with over 1,000 pharmaceutical suppliers across Jordan, Egypt, and Saudi Arabia.
Initially, the company’s platform was deployed at Al-Basheer Hospital in Jordan before expanding through collaborations with national institutions. These include work with Jordan’s Ministry of Health and Ministry of Digital Economy and Entrepreneurship, reflecting Aumet’s role in public-sector healthcare modernisation.
In addition, its enterprise system has also been deployed across 32 hospitals, more than 500 medical centres, and over 18 medical warehouses, including large-scale public healthcare infrastructure.
At present, Aumet is also working with Presight, a G42 company, to scale its AI procurement system across public healthcare networks in the UAE.
Commenting on the latest funding, Aqel, co-founder and CEO of Aumet, said, “The company’s latest funding round was driven by its ability to combine operational scale with a broader infrastructure-focused approach to healthcare procurement and supply chains. The ability to combine marketplace data, enterprise resource planning (ERP) workflows, and AI into one ecosystem created a very strong differentiation.”
Speaking about Saudi Arabia as a key market shaping the company’s next phase of growth, he said, “Saudi Arabia is one of the most ambitious healthcare transformation markets globally today. The Kingdom's Vision 2030 is accelerating digitization and operational efficiency across healthcare systems, which creates a massive opportunity for AI-driven procurement infrastructure. We believe the Kingdom can become the regional hub for scaling healthcare AI technologies, especially with institutions like the Ministry of Health and National Unified Procurement Company pushing toward more advanced procurement and supply chain systems. For Aumet, Saudi Arabia is not just a market, it is a strategic launchpad for regional and global expansion.”
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