Saudi Arabia-based Device-as-a-Service (DaaS) startup Zetta has successfully closed a <head>2 million Series A funding round led by Core Vision Investment and National Dimensions Investment. The strategic investment will fuel the company’s expansion plans and strengthen its presence in Saudi Arabia’s rapidly growing technology sector. The round follows a <head>.5 million pre-seed last year.Founded in 2023 by Faisal Al Abdulsalam, Tabreez Mohiuddin, Waleed Altheeb, and Saeeduddin Shah, Zetta operates a unique subscription-based model that enables organizations to access technology devices and services through flexible payment plans. The startup focuses on helping large companies and organizations optimize their device usage while reducing total cost of ownership.“We value the trust of our investment partners and remain committed to developing integrated technology solutions that align with the aspirations of the Kingdom’s digital transformation,” said Badria Masrahi, CEO of Zetta.The Device-as-a-Service model represents a shift from traditional device ownership to subscription-based access, allowing companies to avoid large upfront capital expenditures while maintaining access to the latest technology. Under this model, organizations can access devices like laptops, desktops, tablets, smartphones, and accessories through flexible subscription plans, with maintenance, support, and regular upgrades included in the subscription fee.Zetta’s platform offers subscription plans ranging from 12 to 36 months with flexible monthly or quarterly payment options. The company provides a comprehensive end-to-end service including device selection assistance, no-touch setup and deployment, ongoing maintenance through “Zetta Care,” and end-of-contract options to either return devices or upgrade to newer models. The startup works with leading global device brands and handles everything from initial readiness assessments to final device recovery and refresh services.According to Zetta’s website, the model helps enterprises preserve cash flow, improve working capital, access the latest technologies without obsolescence concerns, and benefit from comprehensive technical support while ensuring complete data security – with clients retaining full control over their data and storage devices at contract end.Notably, Faisal Al-Abdulsalam serves as both founder of Zetta and Founder and CEO of Core Vision Investment, the lead investor in this round. He expressed confidence in the company’s potential: “Zetta represents a promising national model in the tech sector. We believe in its strong potential to drive meaningful change in the local market, and we are proud to support it during this pivotal stage.”The latest funds will primarily be directed toward expanding Zetta’s operations within the Saudi market and advancing the development of its integrated device solutions platform. The company aims to capture a larger share of the growing enterprise technology services market in the region.AuthorRecent Posts Post Views: 3,303