VISARUN.AI secures $700k to transform visa processing in MENA
Deal News | Feb 06, 2025 | Zawya
VISARUN.AI, an innovative AI-powered platform specializing in visa processing, has raised $700,000 in pre-seed funding from angel investors based in Switzerland and the UAE. The investment aims to enhance the platform's development, marketing strategies, and team expansion, targeting the cumbersome visa processes in the MENA region, where consulates are experiencing heavy backlogs. The company's technology includes a Smart Visa Route system, an AI Interview Simulation system, and a Visa Approval Calculator. These tools streamline processing, reduce errors, and allow predictive analysis of visa approvals, thus ensuring smoother operation for corporates and travel agencies. The platform's strategic focus includes key markets such as UAE, Saudi Arabia, Qatar, India, and China, based on significant visa requirements and high migrant populations.
Sectors
- Artificial Intelligence
- Immigration Services
- Travel and Tourism
Geography
- MENA Region – This is the primary market for VISARUN.AI's visa services, as significant visa processing delays are noted in this region.
- United Arab Emirates – Located in the UAE, VISARUN.AI aims for market penetration and investor support from this country.
- Switzerland – Swiss-based investors participated in the funding round for VISARUN.AI.
Industry
- Artificial Intelligence – The article discusses VISARUN.AI's development of AI-powered tools for automating and improving visa application processes.
- Immigration Services – The platform focuses on streamlining visa processing, central to the immigration services sector.
- Travel and Tourism – VISARUN.AI's platform services those involved in organizing business trips, impacting the travel and tourism industry.
Financials
- $700,000 – Pre-seed funding raised by VISARUN.AI from angel investors.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| VISARUN.AI | Target company | Company | A visa-as-a-service platform looking to automate and enhance visa processing with AI technology. |
| Vladimir Indjikian | President and co-founder | Person | Co-founder of VISARUN.AI, involved in the strategic direction of the company. |
| Alena Iakina | Co-founder and CCO | Person | Co-founder of VISARUN.AI, responsible for overseeing commercial operations. |
| Swiss and UAE-based Angel Investors | Investors | Company | Provided pre-seed funding to support VISARUN.AI's development and expansion strategies. |