By Nisha Shukla
Investment round will enable Tarjama to pursue growth opportunities and scale its business operations
Tarjama, the Middle East language service provider, has raised $5 million in Series A funding round led by Saudi-based Anova Investments.
The investment round will enable Tarjama to pursue growth opportunities and scale its business operations and will also allow the company to further boost its technology platforms, it said in a statement.
It added that such platforms will focus on Arabic content and translation services, including the Ureed Platform, the region’s first and only dedicated online marketplace focusing on translation and content services.
This series A funding round will also allow Tarjama launch its specialised Arabic machine translation engine which will employ artificial intelligence.
Tarjama, which was founded in 2008 by CEO Nour Alhassan, has a presence in eight countries and has translated over 500 million words.
Tarjama’s portfolio offers translation services in over 150 languages and employs 130 full-time translation specialists and experts at its offices in the UAE, Saudi Arabia, Jordan, Egypt, Lebanon and the United States.
Alhassan said: “We are very excited about the possibilities this funding round brings to Tarjama encompassing core service offerings and equally technology platforms. The strategic partnership with Anova will further strengthen Tarjama’s ability to expand and support its offerings in all markets, especially in the Saudi market.
"We are confident this partnership will further consolidate Tarjama’s position as the leading service and technology provider trusted by customers in the region and across the globe."
“As Tarjama strengthens its presence in the Saudi market, Anova Investments will support this important phase to accelerate Tarjama’s growth said Nouf Aljeraiwi, executive director, Anova Investments.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.