Meeting management platform adam.ai closes Pre-Seed funding round
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The Us-headquartered, MENA-operating SaaS startup adam.ai has successfully raised an undisclosed amount in a Pre-Seed funding round led by Atlassian Ventures.
Founded in 2017 and launched in 2019, adam.ai provides an all-in-one intelligent meeting management platform that manages the entire meeting cycle from scheduling and running to following up post-meeting. With the need for remote collaboration exponentially growing due to the Covid-19 pandemic, adam.ai’s user base has grown 10x in 2020. It is safe to say that after a dip in early-stage funding in MENA, where rounds under $3M dropped by 12PP in total share of funding and 6PP in total share of transactions made across MENA, this funding round comes as exciting news to the second half of 2021. Dive deeper into the VC ecosystem in MENA in our flagship MENA H1 2021 Venture Investment Report.
Based on meeting intelligence, adam.ai allows organizations to leverage meeting content and drive strategic decision-making accordingly. Being fully integrated with various tools, the startup aims to empower organizations in accelerating their existing workflow. This new investment will further develop adam.ai’s platform and technology, as Atlassian leads in providing collaboration and productivity software globally. Commenting on this strategic partnership and investment Chris Hecht, Head of Corporate Development at Atlassian stated “Our investment in adam.ai goes beyond just taking a financial stake. adam.ai will have access to leaders from Atlassian's ecosystem, product, and business teams who are equally vested in adam.ai’s success.”
Today, adam.ai is trusted by thousands of teams worldwide, across enterprises, and within large and small organizations. The new investment will allow adam.ai to accelerate its growth plans, double down on its vision to revolutionize the way meetings are held, enhance communications, and augment productivity. Co-Founder and CEO Ahmed Kamel concluded in a statement “On behalf of adam.ai, we would like to thank our loyal customers for being an inseparable part of our journey and for their ongoing support, encouraging trust, and sincere feedback. Most importantly, we want to thank the remarkable people at adam.ai, whose commitment and relentless work are the reason behind building such an exceptional product. All of this is just the beginning, the best is yet to come, stay tuned!”
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