Coffee Tech closes pre-IPO round at a $178 million valuation: intelligent agent software drives procurement and commerce management in the Gulf

Coffee Tech, a company specializing in intelligent infrastructure for procurement and commerce and originally founded in Kuwait, announced the closing of a pre-IPO financing round at a valuation of $178 million during the LEAP 2026 conference in Riyadh. The investment round was led by a consortium that included Waad Ventures, the venture-capital arm of Aramco, alongside Adeetom Investment Management, Masra Investment, and the Yusra Food Group, while the total amount invested in the round was not disclosed.

This step puts the company on a path toward preparing for a direct listing on the Saudi Stock Exchange by 2029, in line with the objectives of Saudi Vision 2030. The new valuation reflects the corporate transformation the company has pursued since its founding in Kuwait in 2018 by Ali Al-Ibrahim and co-founder Hamad Musaad Al-Sayer, evolving from a consumer-facing platform and app for ordering coffee into a provider of enterprise infrastructure that relies on AI agents to manage procurement and commercial operations alongside its direct consumer market.

As explained by the head of technology, Shawood Sadiqi, the company’s technical architecture relies on a central core with two operational engines that enable firms to connect workflow streams and manage growth pathways, supply chains and finance without having to rebuild their software platforms from scratch.AI agents on the platform monitor daily operations, forecast needs and make operational decisions on behalf of the enterprise, automatically intervening before stock runs out on shelves or customer-service disruptions occur.

Coffee Tech now serves more than a thousand enterprise clients across 3,000 points of sale in Saudi Arabia, the United Arab Emirates and Kuwait, with operations spanning cafés, restaurants, hotels, hospitals, education, aviation and large corporations. Its client list includes government entities and major institutions such as Emirates Airline, Etihad Airways, Kuwait Airways, the Al Futtaim Group, Kuwait Finance House, the Central Bank of Kuwait, Saudi Telecom Company, Aramco and Alibaba Cloud.

This development serves as a practical indicator for technology and supply-chain leaders in the Gulf and Egypt of the maturity of the software-agent model in real-world operating environments; the value here goes beyond merely integrating chatbot interfaces to automating purchasing cycles and linking isolated sales and inventory systems. Moving to these unified platforms reduces waste costs caused by data silos between departments and requires local tech teams to raise the readiness of internal data integration so that software agents can act autonomously within daily business decisions.

This round extends a financing record that included a $15 million Series B round in 2023 led by Waad Ventures with participation from regional and international funds, bolstering the company’s plans to expand its geographic footprint across the Middle East and North Africa and to cement its operational presence in the Saudi market ahead of the targeted public offering.