UnitX Technologies
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
UnitX Technologies - overview
Location
-, -, Saudi Arabia
Primary Industry
Software
About
UnitX Technologies develops advanced technology solutions aimed at enhancing user experience and optimizing operational efficiency for various industries, including retail, finance, and healthcare. UnitX Technologies is dedicated to delivering innovative technology solutions that streamline operations and improve productivity. In October 2019, the company raised USD 2 million in venture funding co-led by KAUST Innovation Ventures and Saudi Aramco Entrepreneurship Ventures. The firm is headquartered in Saudi Arabia.
The founder, Ankita Shree, has a history in the tech sector, having previously founded other companies. UnitX specializes in creating sophisticated technology solutions that enhance user experiences and optimize operational efficiency. The company's core offerings comprise innovative software applications designed to analyze data and streamline processes across industries such as retail, finance, and healthcare. Their products cater to a diverse range of clients, from small enterprises seeking improved productivity to larger corporations needing robust data management tools, with strategic marketing efforts in North America and Europe.
UnitX generates revenue through a structured model that combines subscription services with direct sales of technology solutions. Clients typically engage in annual subscription agreements for the software, with options for premium features available at an incremental cost. This business model prioritizes the cultivation of ongoing relationships with customers, which fosters repeat business and opportunities for upselling additional services, emphasizing the company's commitment to delivering value and ensuring sustainable growth. Following the recent funding round in October 2019, UnitX Technologies plans to utilize the USD 2 million raised to expand its team and enhance business development efforts focused on large clients in the financial and retail sectors, as well as small and medium enterprises (SMEs).
The company aims to introduce new products designed to further optimize business operations, targeting releases within the next year. Additionally, UnitX seeks to expand its reach into new markets to enhance its client base.
Current Investors
KAUST Innovation Ventures, Saudi Aramco Entrepreneurship Ventures
Primary Industry
Software
Sub Industries
Analytics & Performance Software
Website
www.unitx.tech
Verticals
Artificial Intelligence, Big Data, Cloud Computing, IoT (Internet of Things)
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
UnitX Technologies - employee data
UnitX Technologies - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chairman Of The Board Of Directors | BM |
BM Board Member
Want to see more?
Request a demo for full access to this profile
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.