Zetta Secures $12M to Expand Device-as-a-Service Model

Zetta, a Saudi Arabia-based Device-as-a-Service (DaaS) startup, has successfully completed a $12 million Series A funding round, led by Core Vision Investment and National Dimensions Investment. This strategic investment is intended to expand Zetta's service offerings and solidify its position within the rapidly growing technology sector of Saudi Arabia, building on a previous $1.5 million pre-seed funding round obtained last year.

The implications of this investment are significant for the region's DaaS market, potentially enhancing local capabilities and fostering greater innovation within the technology landscape. With increased funding, Zetta aims to bolster its infrastructure and services, which may lead to reduced dependency on international tech providers. This aligns with Saudi Arabia's broader objectives of promoting local enterprises and technology advancements, contributing to increased national autonomy in technology solutions.