Elevatus
Confidential
Investor Report

The year of agentic
intelligence.

A structured update covering Elevatus' 2026 high-level recap.

Reporting period: Jan 2026 – Mar 2026
HQ Riyadh
Elevatus agentic AI
Cover
Enfinity · Agentic AI for HR
Section one
01

Product update · Introducing Enfinity

Enfinity is Elevatus' first autonomous AI agent for enterprise recruitment — built on seven years of AI hiring excellence and designed to execute end-to-end workflows across regulated, multi-region organisations.

Introducing Enfinity · A New Class of Agentic AI
Open on YouTube
Autonomous hiring execution

Enfinity plans the workflow, runs system-level actions inside the Elevatus ATS, and monitors outcomes — moving teams from managing steps to executing outcomes.

Conversational agentic AI

Recruiters and hiring managers move candidates forward, draft offers and complete daily tasks through simple prompts, with the agent performing real actions in the system.

Native LinkedIn sourcing

Search and engage talent from within the hiring workflow, so sourcing is no longer a separate tool or a separate process.

Predictive workforce insights

Surface hiring trends earlier, identify what is slowing the pipeline, and plan ahead based on real demand signals.

BI & reporting engine

Configurable dashboards and reporting that give leadership clear performance visibility across regions and subsidiaries.

Built for GCC compliance

Designed for complex approval chains, multi-subsidiary structures, data sovereignty, and the regulated environments of Saudi Arabia, Kuwait, Bahrain and Oman.

Section two
02

2026 Q1 update

The first months of 2026 have moved fast. Three milestones define the quarter: the Enfinity tour, our Ministry of Health go-live, and LinkedIn embedded natively inside Elevatus.

  1. Q1 2026Launch

    Enfinity Tour launched in Riyadh and Oman

    Live executive launches in Riyadh and Muscat introduced Enfinity — our agentic AI suite — to enterprise leaders across the region. The Kuwait and Bahrain stops were postponed due to the regional political situation.

    Featured · Enfinity, on tour
    Open on YouTube
    Press coverage · Oman launch
  2. March 3rdGo-live

    Going live with all 20 clusters - Health Holding Co.

    Going live with all 20 Health Holding Co. clusters on March 3rd: 6.5M visitors in the first 24 hours, over half a million job applicants within one week, and 8,000 job offers sent and signed in the same month.

    6.5M
    Visitors
    in the first 24 hours
    500K+
    Job applicants
    within one week
    8,000
    Offers sent & signed
    in the same month
    Live · 20 clusters · March 2026
  3. Q1 2026Product

    LinkedIn natively embedded

    LinkedIn's sourcing and engagement layer is now embedded directly inside Elevatus — a tighter loop from discovery to hire.

  4. Q1 2026Partnerships

    New partnerships

    Expanded our partner network across the region — new alliances strengthening our distribution, delivery and co-innovation footprint.

    United Arab Emirates
    4 new
    • PwC
    • Deloitte
    • EY
    • Mercer
    Saudi Arabia
    2 new
    • HR Co
    • Join
    Bahrain
    1 partner
    • BSCM
    Bahrain Society for Human Capital Management (BSCM)
  5. Q1 2026M&A

    EY onboarded as M&A advisor

    Onboarded EY as our M&A advisor. They will launch to market in the first week of June, targeting strategic regional buyers.

Section three
03

Financial update

Recurring revenue has nearly doubled year over year. Q1 2026 closes with MRR up +92.0% and ARR crossing $5.4M.

Q1 2026
Current
MRR
$453,122
ARR
$5,437,452
Q1 2025
MRR
$236,060
ARR
$2,832,720
MRR growth YoY
+92.0%
$236,060 → $453,122
ARR growth YoY
+92.0%
$2,832,720 → $5,437,452
Section four
04

Sales funnel · Q2–Q3 2026

Live pipeline for the next two quarters across MENA. 16 active opportunities with a combined deal value of $2,959,334.

Closed deals · Q2 2026 (to date)
  • Abraj
    $25,604
  • Soufon
    $83,000
  • Deloitte MOD
    $16,200
  • Oman Grid(upsell)
    $35,643
  • R1
    $256,000
Total closed
$416,447
Open opportunities
Opportunity
Deal value
Probability
  • Ministry of Housing
    $434,533
    90%
  • RSG
    $958,712
    80%
  • Panda
    $190,000
    80%
  • PwC — Public Services Network
    $98,000
    80%
  • Bank Sohar
    $80,000
    80%
  • Saja Pharma
    $53,719
    80%
  • Royal Academy
    $49,416
    80%
  • ONEIC
    $49,259
    80%
  • BSCM — 2025 — RFP — Alba
    $483,500
    60%
  • PwC — MOCI
    $186,651
    60%
  • STC Bahrain
    $101,933
    60%
  • PwC — Ministry of Foreign Affairs
    $80,000
    60%
  • STC Solutions — 2026 — RFP — SAMREF
    $77,285
    60%
  • Deloitte — MOI
    $66,850
    60%
  • Deloitte — UAE
    $26,200
    60%
  • Referral — Nama Distribution
    $23,276
    60%
Total pipeline
$2,959,334
16
Open opportunities
$2,959,334
Total deal value
Section five
05

Client distribution

A snapshot of where our active clients sit today — by industry vertical and by geography. Healthcare and the public sector continue to anchor the book, with the Kingdom of Saudi Arabia leading regional concentration.

By industry
  • Healthcare
    47.4%
  • Government
    11.3%
  • Technology
    8.3%
  • Financial
    6.8%
  • Telecom
    6.0%
  • Logistics
    3.8%
  • Manufacturing
    3.8%
  • Other
    12.8%
By country
  • KSA
    76.7%
  • Oman
    16.5%
  • Kuwait
    3.8%
  • UAE
    1.5%
  • Africa / Jordan
    1.5%
8+
Industries served
5
Countries
Section seven
07

Organisation chart

A snapshot of the Elevatus team as of April 2026 — founders, C-suite, and the functional pillars driving the next phase of growth across Marketing & Sales, Customer Success, Technology, Product, Partnerships and People.

Total FTE
59
Filled roles
54
Open positions
5
Elevatus organisation chart — April 2026
Updated · 06 April 2026Open full size
With gratitude — The Elevatus Team