Coraly.ai, a proptech company based in the UAE, has successfully raised $2 million in a pre-seed funding round. The round was led by Salica Oryx Fund, with additional investments from EQ2 Ventures and strategic angel investors. The Salica Oryx Fund, managed by Salica Investments, focuses on early-stage technology companies in the MENA region, particularly in sectors like fintech, healthtech, and edtech.
Coraly.ai plans to utilize the funds to enhance its AI capabilities, launch operations in Saudi Arabia, and conduct pilot programs in France and the United States, while also strengthening its presence in the UAE. Founded in 2022 and previously known as Coralytics, Coraly.ai provides an AI-driven platform to assist real estate agents in growing their businesses through lead enrichment, automated campaigns, and performance insights. The platform integrates with existing CRM systems and automates tasks such as multi-portal publishing and 24/7 lead qualification.
