Mubasher: Altibbi, the Middle East’s largest AI-based digital health platform, has secured $44 million in a Series B funding round led by Dubai-based Foundation Holdings and Hikma Ventures.
The other existing investors in the largest financing round for a regional digital health company include Global Ventures and DASH Ventures.
The financing will enable the platform to expand its presence in Saudi Arabia and Egypt and extend its services in online pharmacy and diagnostics to offer the region's first end-to-end fully integrated primary care.
The Founder and CEO of Altibbi, Jalil Allabadi, said: "Altibbi is playing a critical role in organising digital healthcare services, improving quality and convenience for patients, and reducing costs of insurers and governments, even as it expands access across the region."
Meanwhile, the CEO of Foundation Holdings, Abhishek Sharma, commented: "Our objective is to support Altibbi to reach a superior position where its quality, exponential growth and trusted brand will enable them to be the first publicly listed digital health unicorn IPO in the GCC."
