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Saudi-headquartered healthtech Aumet has raised $12 million in a Series A led by Riyadh-based Emkan Capital, with participation from Qatar Development Bank, Azerbaijan's SABAH VC and Japan/Singapore-based AAIC, alongside existing investors Shorooq and Right Side Capital Management. Strategic healthcare investors Cigalah Group and Salehiya Trading Company also joined.
The round follows a $7 million pre-Series A in March 2023 from AAIC, AIJ Holdings, Cigalah and Shorooq, bringing total funding to approximately $20 million.
Founded in 2016 by Yahya Aqel, Adel Haddad Shahed Jaber, Aumet started as a marketplace connecting pharmacies with pharmaceutical distributors and has evolved into what the company describes as an AI-first procurement operating system for healthcare. The platform now processes over $1 billion in GMV annually, facilitates more than five million transactions a year and connects over 12,000 pharmacies across Jordan, Egypt and Saudi Arabia with more than 1,000 pharmaceutical suppliers.
The most significant deployment to date has been in Jordan's public healthcare system. Aumet's enterprise platform was first installed at Al-Basheer Hospital, the country's largest, in collaboration with Jordan's Ministry of Health and the Ministry of Digital Economy and Entrepreneurship. It has since expanded to 32 hospitals, more than 500 medical centres and 18 medical warehouses. Haddad told Qatar's TASMU programme that the system reduced medication waste at Al-Basheer, translating into over $3.2 million in savings in a single year. Aumet has also signed an agreement with Presight, the G42-backed Abu Dhabi AI company, to scale the procurement system across public healthcare networks in the UAE.
"Healthcare supply chains don't suffer from lack of supply, they suffer from lack of intelligence," said Aqel. The funding will go toward expanding AI capabilities including demand forecasting, inventory optimisation and automated purchasing workflows, scaling enterprise deployments across the GCC and entering new markets.
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