- Astra Nova, a Saudi Arabia-based AI-driven Web3 startup, has raised $48.3 million to expand its suite of creator platforms and tokenised content tools globally.
- The latest funding includes $41.6 million from a recent round, building on earlier backing from Outlier Ventures, family offices, and institutional investors across Saudi Arabia, the UAE, and Bahrain.
- Founded in 2022 by Muhamed Ashhar and Faizy Ahmed, Astra Nova develops AI and blockchain tools that allow creators to launch interactive experiences without technical expertise.
- The funding will accelerate product development, team growth, and market expansion, positioning Astra Nova as a leading AI-powered Web3 entertainment ecosystem globally.
Press release:
Astra Nova, a Riyadh-based AI-focused Web3 entertainment and infrastructure firm, has raised $48.3 million to expand its suite of AI-driven creator platforms and tokenised content tools globally.
The latest funding includes $41.6 million from a recent round, adding to previous investment from Outlier Ventures, family offices, and institutional investors from Saudi Arabia, the UAE, and Bahrain.
Founded in Riyadh by Muhamed Ashhar and Faizy Ahmed, Astra Nova represents Saudi Arabia’s push into AI-powered Web3 creative industries. The company develops tools that enable creators to launch interactive blockchain-based experiences without technical expertise.
Its flagship platform, TokenPlay AI, is a no-code tool that lets communities build mini-apps and interactive utilities, powered by Alibaba Cloud. Other products include NovaToon, a Web3 webtoon platform that allows fans to co-create stories through NFTs, and Deviants: Fight Club, a Telegram-based PvP game integrating Astra Nova’s RVV token for in-game rewards.
The company’s BlackPass on-chain engagement and loyalty program has attracted over 250,000 users worldwide. Its strategic partners include NEOM, NVIDIA Inception, and Alibaba Cloud, reflecting broad support for its growth and adoption plans across multiple regions.
With this funding, Astra Nova plans to accelerate product development, team expansion, and international growth, while strengthening its position as a leader in AI-powered Web3 entertainment.
The company aims to expand into the Middle East, Europe, and Asia, preparing for regulatory compliance and market entry. Its platforms combine AI, blockchain, and gamified storytelling to empower creators with ownership of their digital communities and content monetisation tools.
Astra Nova’s funding marks a significant step in scaling AI-driven Web3 entertainment, building a creator-first ecosystem where innovation, storytelling, and blockchain converge for global impact.