KARACHI: CodeNinja, a technology solutions provider, has secured an investment of $1.6 million from sAi Venture Capital, a Lahore-based technology venture investor, and its strategic partners Plutus21 Capital and affiliates.
“With this investment, we’ve merged our natural advantages in the technology sector with venture principals. CodeNinja’s ability to partner with global enterprise clients and doing value addition work makes us very excited about their growth potential,” a press release quoted Ahsan Jamil, managing partner of sAi Venture Capital, as saying.
“Unlocking the export potential requires going beyond capital, and we will be providing structured support, paving the way for our companies to be global technology players.” said Mr Jamil.
CodeNinja is one of the fastest-growing technology companies in Pakistan, currently managing its operations via three regional offices and meeting a 100 per cent year-on-year growth rate for the last couple of years.
Quoting CodeNinja CEO Mukhtar Ahmad, the press release said its mission is to integrate intelligence and compute seamlessly into the operational fabric of its clients. Since its inception in 2014, the company has served 100-plus clients globally.
“Our dynamic workspace, powered by advanced AI, is meticulously crafted to cultivate the world’s most productive and purpose-driven environment, setting the stage for transformative success,” said Umar Bilal, co-founder and head of strategy and engineering at CodeNinja.
Published in Dawn, December 5th, 2023
