LinkedIn Top Startups 2024: The 10 Saudi companies on the rise
Today, we unveil LinkedIn's annual list of Top Startups, revealing the 10 emerging Saudi companies you should know now. These companies aren’t just growing fast and garnering attention from investors and jobseekers — they’re also building innovative solutions that are shaping the future of their industries, whether it’s leveraging tech to facilitate daily tasks for customers or developing AI solutions for businesses.?
The list is built on exclusive LinkedIn data across four key pillars: employee growth; jobseeker interest; engagement within the company and its employees; and how well these startups have pulled talent from Top Companies . To be eligible, companies must be headquartered in Saudi Arabia, fully independent, privately held, have 30 or more full-time employees and be 7 years old or younger. You can learn more about our methodology at the bottom of this article.
Here are this year’s 10 Top Startups in Saudi Arabia— and join the conversation using #LinkedInTopStartups .
All headcounts are provided by the companies, unless marked with an asterisk. Those headcounts are from LinkedIn data.
1. Cipher | ?????
Full-time headcount: 80 | Year founded: 2021 | Most common skills: Cybersecurity, Information Security, Penetration Testing | Most common job titles: Cyber Security Analyst, Security Researcher, Project Manager Largest job functions: Information Technology, Sales, Engineering | What they do: Cipher is a cybersecurity firm that provides services including penetration testing, vulnerability assessments, risk and compliance evaluations, and security awareness training.?
2. Tamara
Full-time headcount: 663 | Year founded: 2020 | Most common skills: MATLAB, Translation, Critical Thinking | Most common job titles: Customer Service Representative, Product Manager, Customer Experience Manager | Largest job functions: Customer Success and Support, Business Development, Product Management | What they do: Tamara is a Buy Now, Pay Later platform that allows users in Saudi Arabia, UAE and Kuwait to split payments. Late last year, it reached $1 billion in valuation after completing a $340 million Series C funding round, it announced in a statement.
3. Mawidy - ?????
Full-time headcount: 32 | Year founded: 2019 | Most common skills: Psychological Assessment, Problem Solving, Teamwork | Most common job titles: Psychologist, Clinical Psychologist, Social Worker | Largest job functions: Healthcare Services, Community and Social Services, Operations | What they do: Mawidy is a platform that allows online booking of healthcare services and appointments with healthcare providers through the usage of artificial intelligence.
4. ???? ????? | MR MANDOOB
Full-time headcount: 75 | Year founded: 2018 | Most common skills: Financial Accounting, Financial Reporting, Time Management | Most common job titles: Accountant, Operational Specialist, Logistics Specialist | Largest job functions: Operations, Accounting, Sales | What they do: Mr Mandoob provides delivery services from various stores, parcel delivery within or between cities, gas cylinder refilling, and digital card recharging.
5. SHIFT inc.
Full-time headcount: 500 | Year founded: 2017 | Most common skills: Critical Thinking, Time Management, Teamwork | Most common job titles: Contact Center Specialist, Fleet Manager, Supply Chain Coordinator | Largest job functions: Operations, Customer Success and Support, Human Resources | What they do: Shift Inc is a smart mobility app that allows users to rent vehicles and book chauffeurs online as well as to hire last mile delivery services.?
6. Rewaa
Full-time headcount: 451 | Year founded: 2018 | Most common skills: User Experience (UX), User Interface Design, Negotiation | Most common job titles: Sales Specialist, Account Management Specialist, Product Manager | Largest job functions: Sales, Business Development, Product Management | What they do: Rewaa is a platform that allows retailers to automate the operational processes of inventory management, sales and cost control.
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7. Soum
Full-time headcount: 100 | Year founded: 2021 | Most common skills: Critical Thinking, Teamwork, Problem Solving| Most common job titles: Product Analyst, Customer Service Specialist, Product Manager | Largest job functions: Operations, Research, Sales | What they do: Soum is an online marketplace for pre-used electronic products, cars and collectibles.?
8. LAWAZEM | ?????
Full-time headcount: 63 | Year founded: 2021 | Most common skills: Human Resources, Teamwork, Negotiation | Most common job titles: Category Manager, Sales Manager | Largest job functions: Sales, Marketing, Operations | What they do: LAWAZEM is an online B2B marketplace offering a range of office supplies including stationery, groceries, cleaning materials and IT and printing needs.?
9. Mozn
Full-time headcount: 265 | Year founded: 2017 | Most common skills: Machine Learning, Deep Learning, User Experience (UX) | Most common job titles: Software Engineer, Data Scientist, Business Analyst | Largest job functions: Engineering, Business Development, Information Technology | What they do: Mozn provides Enterprise AI solutions for government, financial and health sectors that facilitate decision making in different areas including risk and fraud.
10. Squadio
Full-time headcount: 55 | Year founded: 2019 | Most common skills: JavaScript, HTML, Java, Object-Oriented Programming (OOP), C++ | Most common job titles: Business Development Specialist, Product Manager, Account Manager | Largest job functions: Engineering, Business Development, Product Management | What they do: Squadio is a talent solutions platform which manages all aspects of? the employment process including payroll and HR management services.?
You can check out the Top Startups in Australia , Brazil , Canada , France , Germany , India , Indonesia , Ireland , Italy , Mexico , Netherlands , Singapore , Spain , Sweden , Türkiye , the UAE , the UK and the U.S .
Methodology
LinkedIn measures startups based on four pillars: employment growth, engagement, job interest and attraction of top talent. Employment growth is measured as percentage headcount increase over methodology time frame, which must be a minimum of 10%. Engagement looks at non-employee views and follows of the company’s LinkedIn page, as well as how many non-employees are viewing employees at that startup. Job interest counts the rate at which people are viewing and applying to jobs at the company, including both paid and unpaid postings. Attraction of top talent measures how many employees the startup has recruited away from any global LinkedIn Top Company, as a percentage of the startup’s total workforce. Data is normalized across all eligible startups. The methodology time frame is July 1, 2023 through June 30, 2024.?
To be eligible, companies must be fully independent, privately held, have 30 or more full-time employees, be 7 years old or younger and be headquartered in the country on whose list they appear. We exclude all staffing firms, think tanks, venture capital firms, law firms, management and IT consulting firms, nonprofits and philanthropy, accelerators and government-owned entities. Startups who have laid off 10% or more of their workforce based on corporate announcements or public, reliable sources between July 1, 2023 and the list launch, are not eligible. These decisions are made by the LinkedIn News team based on company statements and/or reputable news outlets.
About company insights
*Company insights were sourced from LinkedIn Talent Insights . Data reflects aggregated public member data from active LinkedIn profiles in the relevant country and includes full-time employee profiles associated with the company on LinkedIn. We exclude members who identify as part-time or contractors. Headcounts are provided by the companies directly, unless otherwise noted with an asterisk. Those headcounts are based on LinkedIn data. All insights reflect a 12-month time period looking back from July 2024. Skills data was derived from measuring the most frequent skills among a company’s employees. Most common job titles represent the occupations that are most common within each company. Largest job function measures the function area most prevalent within each company.?
Reported and proofread by: Nabila Rahhal , Salma Altantawy
Methodology and insights by: Alejandra Budar
Excited about AI integration across sectors, deep tech, green tech, and the creator economy in Saudi Arabia. Startups should focus on solving local challenges, build strong teams, leverage government support, prioritize scalability, and embrace collaboration
PhD candidate|PMO|Engineering|Business Development|MBA
1 个月Thank you for reaching out! In the construction industry, I’m particularly excited about the integration of smart technologies like AI and IoT, as well as the push towards sustainable building practices. These innovations are driving efficiency and shaping the future of construction in Saudi Arabia. To stand out in 2024, construction startups should focus on leveraging tech to optimize project delivery and sustainability. Building strong partnerships and offering cost-effective, tech-driven solutions will help them differentiate in a competitive market.
Digital Transformation and IT Leader
1 个月As I’m an entrepreneur in Saudi Arabia, and I’m excited about how AI and IoT drivin innovation in the digital space. I’ve noticed that many startups are aligning their strategies with Saudi Vision, which seems to be a growing trend. startups leveraging AI and IoT to create sustainable solutions that fit within this framework?"There are several exciting trends in the startup environment right now that are shaping the landscape for 2024:
Partner | Innovation | Entrepreneurship | Business Growth
1 个月Congratulation Thamer ALDhafiri
Project Management Officer
1 个月Sustainability and ESG Focus: Startups focusing on environmental, social, and governance (ESG) factors are likely to attract attention from investors and consumers who prioritize sustainability. Remote Work and Digital Transformation: The acceleration of remote work and digital transformation demands innovative solutions for collaboration, communication, and productivity tools. HealthTech and Telemedicine: With the increased adoption of telemedicine and digital health solutions, startups in the healthcare sector have significant growth potential. AI and Machine Learning: Integrating AI and machine learning technologies into products and services can enhance personalization, automation, and decision-making capabilities. Blockchain and Cryptocurrency: Innovations in blockchain technology and cryptocurrency applications continue to disrupt industries like finance, supply chain, and cybersecurity. Cybersecurity Solutions: As cyber threats evolve, startups offering robust cybersecurity solutions will be in high demand to protect data and privacy.