The undisclosed early-stage shareholders of the HR tech company have sold their shares to secure this investment, thus maintaining the company’s valuation.
Amidst evolving work dynamics, these HR tech fundings and acquisitions are poised to transform HR and the future of work across Middle East with their cutting-edge platforms and solutions in 2024 and beyond.
The HRTech platform plans to replace multiple systems with a singular payroll and employee data platform, empowering businesses to manage their local payroll, remote contractors, EOR, and HR processes.
With the new investments, Intelmatix aims to strengthen AI's impact and accelerate technology adoption without requiring highly skilled AI talent across KSA.