Mozn

Founded in 2017, Mozn is a Saudi Arabian technology company specializing in enterprise artificial intelligence (AI) solutions. The company was established by a team of co-founders including Dr. Mohammed Alhussein (CEO), Dr. Khalid Al-Ghoneim (Chairman), Abdullah Alsaeed (CSO & CFO), and Malik Alyousef (COO). The founders possess extensive backgrounds in technology, information security, and management consulting, with academic credentials from institutions like King Saud University, George Mason University, and Carnegie Mellon University. For instance, CEO Dr. Mohammed Alhussein holds a Ph.D. in Information Security and was a founding member of Elm and the Saudi Information Technology Company (SITE) before establishing Mozn.

Mozn operates in the enterprise AI market, providing AI-powered products and data-driven insights to help businesses make critical decisions. The company primarily serves clients in the finance, insurance, healthcare, and government sectors across the Middle East and North Africa (MENA) region. Its business model centers on delivering software as a service (SaaS) and tailored AI solutions to large organizations. In February 2022, Mozn secured $10 million in a Series A funding round led by Raed Ventures, with participation from Shorooq Partners, VentureSouq, and others, to fuel its growth and development.

The company's product portfolio is built on two main platforms. The first is FOCAL, an AI-powered suite for the financial services industry designed to combat financial crimes. This platform offers solutions for Anti-Money Laundering (AML) compliance, fraud prevention, and risk management. FOCAL utilizes advanced AI to analyze vast amounts of financial data in real-time, screen against over 1,300 sanctions and Politically Exposed Persons (PEP) lists, and monitor transactions to detect suspicious patterns. The second key product is OSOS, a proprietary Arabic Natural Language Understanding (NLU) platform. OSOS is engineered to be one of the most accurate Arabic generative AI models, enabling applications like information extraction, text summarization, and sentiment analysis specifically for the Arabic language, addressing a significant gap in the market.

Keywords: enterprise AI, RegTech, FinTech, artificial intelligence, natural language understanding, AML compliance, fraud prevention, risk management, data analytics, machine learning, financial crime, Saudi Arabia, Arabic NLU, SaaS, OSOS, FOCAL, data-driven insights, regulatory technology, enterprise software, AI solutions