UMX Studio has obtained an all-cash investment totaling $4.5 million

UMX Studio has received an investment totaling $4.5 million in cash.

The studio, based in Saudi Arabia, plans to utilize the funds from Jetapult, an investment company, to "enhance its current portfolio, reach broader international markets, and develop titles in new game genres."

The company notes that this funding is aligned with the rapid expansion of the gaming and e-sports industry in the MENA region. This growth is further supported by the Saudi National Gaming and Esports entity's vision to transform the nation into a global gaming center by 2030.

According to UMX founder, Ali Alhardbi, "This substantial investment from Jetapult represents a pivotal chapter for UMX Studio and signals a promising future for the gaming sector in Saudi Arabia. We are exhilarated to align with a world-renowned leader in gaming investments." Ali Alhardbi emphasized, "Through this partnership, we will not only fast-track our growth but also gain access to cutting-edge resources and knowledge. Together with Jetapult, we aim to set new benchmarks while establishing a robust environment for fostering and expanding the gaming talent in Saudi Arabia."

Founded in 2014, UMX Studio has achieved over 70 million downloads for its games up to now.