Saudi AI startup Rime raises over $2 million to expand physical-AI products

Saudi AI startup Rime has raised more than $2 million in seed funding to expand its physical-AI products, according to the company. The round was led by Seedra Ventures with participation from other regional investors, giving the startup new capital to scale its technology and operations. The funding matters because it adds momentum to Saudi Arabia’s growing AI sector and supports efforts to build locally developed AI hardware and software products.