Monday 24 June 2019

Nour Alhassan

Tarjama raises $5m in Series A funding

RIYADH, March 18, 2019

Tarjama, a leading language service provider in the Middle East, has raised $5 million in Series A funding round led by Saudi based Anova Investments.

This strategic investment round will enable Tarjama pursue growth opportunities and scale its business operations and will also allow the company to further boost its technology platforms. Such platforms will focus on Arabic content and translation services, including the Ureed Platform, the region’s first and only dedicated online marketplace focusing on translation and content services.

This series A funding round will also allow Tarjama launch its specialized Arabic machine translation engine which will employ artificial intelligence along with other technology products related to the translation and content industry.

Tarjama was founded in 2008 by Nour Alhassan, Tarjama’s chief executive officer. Tarjama has a presence in eight countries and, since its founding, has translated over 500 million words. Tarjama’s portfolio offers translation services in over 150 languages, including Asian, African, and European language pairs.

The company employs over 130 full-time translation specialists and experts at its offices in the UAE, KSA, Jordan, Egypt, Lebanon and the United States. Since its inception 11 years ago, Tarjama established numerous partnerships and long-term relationships with public and private sector stakeholders, both regionally and globally.

“We are very excited about the possibilities this funding round brings to Tarjama encompassing core service offerings and equally technology platforms. The strategic partnership with Anova will further strengthen Tarjama’s ability to expand and support its offerings in all markets, especially in the Saudi market. We are confident this partnership will further consolidate Tarjama’s position as the leading service and technology provider trusted by customers in the region and across the globe”, said Alhassan.

Anova Investments adds several value-added resources to Tarjama and brings valuable access to the Saudi Market, enabling Tarjama accelerate resource allocation to emerge as the leading force for language services in the Kingdom.

“Tarjama took the translation industry from a traditional business model to a highly advanced technologically driven platform featuring accuracy, speed and flexibility, all key ingredients in today’s business environment. As Tarjama strengthens its presence in the Saudi market, Anova Investments will support this important phase to accelerate Tarjama’s growth,” said Nouf Aljeraiwi, executive Director - Anova Investments.

Anova Investments is a leading Saudi investment company with focus on the Tech industry in Dubai, Saudi Arabia and the US. Anova is also engaged in developing several public and private sector projects in Saudi Arabia. Anova Investments headquarters are located in Riyadh, Saudi Arabia. – TradeArabia News Service


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