• Saudi healthtech startup Tuba raises $8M in pre-seed funding led by Al-Waalan Investment.
  • Founded by Fayez Al-Anazi, Tuba uses AI to enhance healthcare management and operational efficiency.
  • Funding will support infrastructure development, team expansion, and regional growth.

Saudi Arabia-based healthtech startup Tuba has raised $8 million in a pre-seed funding round led by Al-Waalan Investment, with additional participation from several angel investors.

The startup, founded earlier this year by entrepreneur Fayez Al-Anazi, aims to bring artificial intelligence-driven innovation to the healthcare sector.

Al-Anazi, known for launching the Syarah platform that digitized the used car market in Saudi Arabia, is now focusing on streamlining healthcare management through technology. Tuba’s platform incorporates AI to enhance operational efficiency, lower costs, and offer more transparent and patient-centric healthcare solutions.

“When we launched the 'Syarah' platform, our goal was to reshape the used car market through technology and transparency. Today, we see a similar opportunity in the healthcare sector, which lacks modern solutions that keep pace with its growing needs,” said Al-Anazi.
“Through Tuba, we aim to create a significant shift using artificial intelligence, helping make healthcare management more efficient, equitable, and inclusive.”

The newly secured capital will be directed toward building Tuba’s technical infrastructure, expanding its operational footprint, and hiring talent to support the company’s growth. The startup has developed four AI-powered models designed to address various pain points in healthcare delivery and administration.

Investors have expressed confidence in the company’s approach and potential to reshape the healthcare landscape in the region.

Mohammed Al-Khalawi, CEO of Al-Waalan Investment, commented,

“The healthcare sector requires more efficient and flexible solutions, and the Tuba platform has both the vision and the technology needed to drive this transformation. Our investment in Tuba stems from our confidence in the team’s ability to deliver innovative solutions that enhance the efficiency of healthcare spending and create a lasting, positive impact in this vital sector.”

Tuba’s entry into the market comes at a time when digital health solutions are gaining momentum in Saudi Arabia, aligned with the country’s broader push toward digital transformation under Vision 2030. The startup’s long-term goal includes expanding beyond national borders as it continues to develop AI-driven tools for the healthcare industry.

Edited by Harshajit Sarmah