AtarCloud, a Saudi-based startup, provides tools to streamline activities for property owners and developers.
AtarCloud, a startup that provides a range of tools for property owners and developers, has raised USD 1.3 million in a seed round with the participation of BIM Ventures along with angel and institutional investors from within the Investors’ Mine Group.
Founded in 2021 by Haseeb Mohammad, AtarCloud was co-built with BIM Ventures. The company aims to digitally transform properties into integrated, liveable communities with a focus placed upon the end-user experience. BIM Ventures are a Saudi venture studio that aims to build successful and sustainable enterprises from the ground up.
AtarCloud: Transforming properties
AtarCloud’s platform is aimed at property owners and real estate developers and seeks to provide them with the tools needed to streamline their property management activities including operations such as digital onboarding, service ticket management and payments, as well as a range of engaging features including the sending of announcements, organizing events, or providing exclusive offers to residents.
“We’re proud to be enabling property owners and real estate developers in setting the new standard in property management in Saudi Arabia. We focus on providing the right tools and features not only to our customers, but also their customers, and this has been a key success factor for us throughout the journey,” stated Haseeb Mohammad, Founder and CEO, AtarCloud.
“We’re proud of the success AtarCloud has shown in redefining the property management industry in Saudi Arabia, and this milestone further strengthens our mandate as a Venture Builder to build great proptech companies with great founders” said Rayan Alsharif, Partner at BIM Ventures.
Conix.ai, an Egyptian design tech, recently raised USD 1.3 million in a pre-seed round. Conix.ai uses AI solutions to enable architects and developers to generate designs. The construction industry is one of the least digitized in the world.