Page 35 - UNIFONIC PR REPORT - DECEMBER 2023

12/27/23, 2:11 PM Unifonic was selected in the first cohort of the National Technology Development Program's Bridge Initiative
the IT sector. In addition, NTDP contributes to the localization of the IT sector, particularly by
increasing local content in the area of new technologies.

Unifonic’s selection for the initiative represents a significant step in its long-standing commitment

to supporting its customer base in the Middle East. Since its founding in 2006, the company has

consistently developed its product line, providing an affordable multilingual and omnichannel
communications platform across the region the corporate class. Additionally, Unifonic achieved a

groundbreaking milestone by securing over $21 million in the largest Series A funding ever for a
Saudi startup in 2018. The subsequent Series B round saw an impressive increase, with the

startup raising a hefty $125 million.

In recent years, Saudi Arabia has seen significant growth in its entrepreneurial ecosystem,
driven by Saudi Vision 2030. The growing startup community reflects the country’s commitment

to diversify its economy and reduce its dependence on oil trading. Currently, the Saudi startup

community is well positioned as a hub for innovation and disruption in the region, especially with
the support of the government, investors and startup incubators. Furthermore, by embracing

change and creating innovative solutions, these startups are able to meet the needs of both
local and international markets.

Unifonic, which was honored to be selected for the prestigious Saudi Unicorns program earlier

this year, is on an inspiring journey to becoming a software unicorn. Over the years, Unifonic
has helped numerous customers implement omnichannel customer experiences as part of their

digital transformation. This has transformed how brands interact with their audiences and

exceeded expectations for seamless digital interactions. It has also enabled contemporary,
reliable and effective business messaging across industries with its no-code, automation and

orchestration platform. The strategic acquisition of Sestek’s AI-powered conversation suite in
2022 further strengthened Unifonic’s AI solutions and enabled the customer engagement

platform to automate personalized end-to-end omnichannel experiences.

For further information please contact:
Orient Planet Group (OPG)

Email: media@orientplanet.com

Website: www.orientplanet.com

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