RIYADH, Saudi Arabia, Sept. 2, 2026 /PRNewswire/ — COFE Tech (formerly COFE APP), the leading operator of agentic AI enterprises and provider of intelligent procurement and AI-powered commerce infrastructure to more than 1,000 businesses across the Gulf, announced yesterday at LEAP 2026 in Riyadh the close of a pre-IPO funding round valuing the company at $178 million. The round was co-led by Wa’ed Ventures, the venture capital arm of Aramco, and Aditum Investment Management, regional fund partner to global asset managers including BlackRock, alongside Masarrah Investment Company and Alyasra Foods. The investment puts COFE Tech, dubbed the ‘Salesforce of MENA,’ on course for a targeted IPO on the Saudi Exchange by 2029.
“Too many companies in our region still run procurement, sales and inventory on systems that do not talk to one another,” said Ali Al-Ebrahim, Founder and CEO of COFE Tech. “COFE Tech brings those operations into a single intelligent enterprise platform, where AI agents watch the business, anticipate what it needs and act on its behalf. Since launching out of Kuwait in 2018, we have scaled across Saudi Arabia and the UAE — a working example of what the Gulf’s innovation-driven economic visions, from Saudi Vision 2030 to Kuwait Vision 2035, and the region’s fast-growing AI ecosystem make possible for ambitious technology companies.”
The pre-IPO round backs COFE Tech’s transformation from a consumer marketplace into an enterprise AI and B2B SaaS platform built on two engines. Agentic Procurement is a unified digital procurement solution where autonomous AI agents forecast demand, automate purchase orders and approvals, track inventory in real time, and manage e-invoicing, supply chain logistics, vendor management and embedded finance — including COFE Pay, a buy-now-pay-later (BNPL) fintech service. Agentic Commerce lets brands run AI-powered e-commerce, digital payments, digital wallets, loyalty programs and customer engagement on one platform, featuring One AI’s ‘Talk to Your Data’ generative AI capability. Both run alongside the company’s direct-to-consumer coffee marketplace app.
Driving digital transformation across the GCC, COFE Tech serves more than 1,000 enterprise clients across 3,000 outlets in Saudi Arabia, Kuwait and the United Arab Emirates, spanning food and beverage, hospitality, aviation, healthcare, education and retail. Clients include Emirates, Etihad Airways, Kuwait Airways, Al-Futtaim Group, Kuwait Finance House, the Central Bank of Kuwait, stc, Aramco and Alibaba Cloud.
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SOURCE COFE Tech
