Riyadh, Saudi Arabia – September 20, 2026: Falak Ventures announced, with the support of the National Technology Development Program (NTDP), the launch of the 3X Flagship Accelerator and the commencement of its new cohort, following the selection of eight startups specializing in artificial intelligence to participate in the program.

The launch of the accelerator marks the beginning of the execution phase of the new edition of Flagship, which Falak has redesigned as an investment-backed program focused on specialized artificial intelligence (Core AI) companies, where AI is at the core of their products and business models.

The cohort includes companies offering intelligent technology solutions across construction and safety, fintech, human resources and workforce management, waste management and the circular economy, intelligent site monitoring, proptech, AI governance and insurance, and e-commerce. These companies were selected to participate in a track focused on accelerating business growth, strengthening market access, and building scalable commercial and investment opportunities.

Throughout the program, participating companies will work on growth tracks designed according to the needs of each company, including investment support, business development, access to major companies and organizations in the market, and investment readiness, alongside addressing challenges related to growth and expansion.

Adwa AlDakheel, Founder and CEO of Falak, said:

“Flagship is one of the programs we built at Falak, and it has evolved with us through more than one edition. What matters most to us has always been what happens to companies after they enter the program. In previous cohorts, we have seen companies achieve significant growth, expand, and move into advanced investment stages, and this raises our expectations for every new cohort. The companies we have selected today have real products and opportunities in the market, and over the coming months, we look forward to working closely with them and helping them turn these opportunities into clear growth and results that we can measure.”

With the launch of the 3X Flagship program, the selected companies move into the direct work and development phase of the program. The next stage includes mentorship and guidance sessions, workshops, specialized sessions with industry experts, investment meetings, and market access opportunities, leading up to the final presentation day (Demo Day), where the companies will showcase their solutions and growth opportunities to investors and partners.

Participating Companies in the Cohort

  • ENOVA Safety is an AI-powered platform specializing in construction safety, focusing on behavioral data analysis to identify hidden risk patterns, analyze their root causes, and predict workplace risks before incidents occur, while enabling proactive preventive measures, unlike traditional safety tools that are limited to recording and reporting incidents.

  • Qurk is an AI-powered financial operations (FinOps) platform that connects fragmented business applications and transforms disconnected operational and financial data into actionable insights. The platform enables organizations to automate workflows, unify reporting, and improve decision-making across financial and operational functions.

  • Ajeer Pay is an AI-powered intelligent workforce marketplace platform that enables companies to estimate their workforce needs, source temporary workers, manage compliant contracts, and execute worker payments through a unified platform.

  • Lesser is an integrated circular economy platform that digitizes waste management in Saudi Arabia. The company combines AI-powered recycling technologies, reverse logistics, smart waste collection infrastructure, and ESG compliance tools, with the aim of increasing recycling rates and providing practical, actionable waste data to government entities, companies, and consumers.

  • EyeGo is an IoT- and AI-powered facility monitoring platform that transforms existing CCTV cameras and Internet of Things (IoT) sensors into a source of real-time operational intelligence. The platform helps the food, retail, hospitality, and critical infrastructure sectors move from traditional monitoring to proactive intervention and immediate action across several areas, including food safety, hygiene compliance, crowd management, and asset protection.

  • Net Zero Build is an AI-powered proptech platform that simplifies and automates the process of obtaining green building certifications for real estate developers and construction projects. The platform also helps project teams manage sustainability and compliance requirements, reduce administrative complexities, and accelerate certification processes such as Mostadam, LEED, WELL, and BREEAM through a centralized, unified digital workflow.

  • MABIEN is a Saudi InsurTech startup developing AI-powered decision-making infrastructure for the health insurance sector, with the aim of improving the speed, consistency, and transparency of medical approvals, claims assessment, medical necessity reviews, and coverage and benefit verification, while maintaining human oversight and decision traceability for compliance and regulatory purposes.

  • Handl Hub is an AI-powered intelligent e-commerce platform that unifies data from various commerce and marketing channels and transforms it into actionable insights and daily recommendations. The platform helps e-commerce businesses improve advertising, operations, customer experience, content, and sales performance through a unified AI-powered operating system.

About Falak Ventures

Falak Ventures is the investment arm of Falak Holding, focused on investing in startups and supporting their growth and expansion. Falak Ventures empowers startups through investment, growth acceleration, and access to markets, capital, and strategic opportunities, contributing to the development of scalable companies and supporting Saudi Arabia’s entrepreneurship and innovation ecosystem. 


About the National Technology Development Program (NTDP)

The National Technology Development Program (NTDP) is a national program that contributes to developing and enhancing the efficiency of the Kingdom’s technology ecosystem through a range of initiatives and support mechanisms that promote the sector’s sustainable growth. The program works to develop key enablers that influence the growth of the technology market, support the expansion of technology companies locally and globally, and enhance the Kingdom’s attractiveness as a regional hub for technology innovation and investment, supporting the objectives of transforming the Kingdom into a global technology hub by 2030.