Saudi-based food subscription company, Calo, just surpassed its funding Series B Extension round targets after the latest $39 million seed round and collectively made $64 million in Series B.
Foodtech follow-on funding was led by Riyadh-based financial institution AlJazira Capital and participating investors were Al Faisaliah Group, STV, Nuwa Capital, Khwarizmi Ventures and one new member Oraseya Capital.
Ahmed Al Rawi, co-founder & CEO of Calo shared: “We’re living in an interesting time where AI is transforming our lives.”
“We’re excited to be investing in cutting-edge innovation to explore how Calo can use AI to influence the future of how we explore and eat healthy meal,” the visionary food innovator wrapped up his speech.
Customized meal solutions provider is ready to work on an AI pilot project which deals with AI automated personal chef and will understand Large Language Models (LLMs) to act according to user commands via natural conversation to generate healthy daily menus.
Calo is implementing artificial intelligence in operational procedures and customer interactions to achieve three goals in near future according to the Forbes:
Nutrition tech innovators is now expanded to all across the Gulf Countries Council (GCC) and was recently launched in OMAN with 5000 people in the waiting list.
The company is introducing Chef’s Pick, a perfect meal for athletes to meet the diet requirements and lifestyle improvement.
Calo first seed round got $13.5 million while Series A round in 2023 funded $13 million, in December 2024 seed round closed at $25 million and collectively reached at $90 million after latest $39 funding.
