Founded Year

2001

Stage

Acquired | Acquired

About 1M

1M is a commercial and infrastructure air conditioning mechanical services company. On May 6th, 2021, 1M was acquired by OCS. The terms of the transaction were not disclosed.

Headquarters Location

17 Greenpark Rd PO Box 12426

Auckland, 1642,

New Zealand

+64 09 579 5193

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Research containing 1M

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned 1M in 1 CB Insights research brief, most recently on Oct 20, 2025.

Latest 1M News

Chatberry Secures 1M SAR Pre-Seed Funding led by Iwan Ventures Trump says Microsoft is in Talks to Acquire TikTok UpLevel Saudi ...

Jan 29, 2025

Chatberry Secures 1M SAR Pre-Seed Funding led by Iwan Ventures To Propel Al-Powered WhatsApp Marketing in MENA Funding Led by Iwan Ventures to Expand ChatBerry’s Presence in the Middle East New AI-Powered Shopping Technologies via WhatsApp  Chatberry, a rising SaaS player in MENA’s fast-growing conversational commerce market, has raised 1 million SAR in a Pre-Seed funding round led by Iwan Ventures, a Riyadh-based venture builder specializing in FinTech, Al, SaaS, and e-commerce. This funding will enable Chatberry to expand its Al-driven, compliance-first WhatsApp marketing and automation platform, empowering businesses with innovative customer engagement tools. Founded in 2024 by Ali Karout, Chatberry meets the surging demand for compliant, scalable WhatsApp solutions, addressing a market where over 90% of consumers use the platform for business. The startup allows businesses to automate campaigns, manage queries, and analyze engagement metrics while adhering to WhatsApp Business API guidelines, preventing account bans. “SMEs and enterprises struggle with compliance and technical hurdles,” said Ali Karout, Chatberry’s founder. “Our platform eliminates these barriers, turning every conversation into a growth opportunity-no coding required.” Lewa Abukhait, CEO of Iwan Ventures, highlighted the startup’s potential: “Chatberry’s blend of compliance and Al-driven efficiency addresses a crucial gap in MENA’S SaaS landscape. Their early traction in e-commerce and retail, key drivers of Saudi Arabia’s Vision 2030, underscores their growth potential.” This partnership reflects Iwan Ventures’ commitment to investing in high-impact, tech-driven startups that align with Saudi Arabia’s economic diversification goals. Chatberry is now poised to become a leader in conversational commerce, helping businesses transform customer interactions into scalable growth opportunities Tags

1M Frequently Asked Questions (FAQ)

  • When was 1M founded?

    1M was founded in 2001.

  • Where is 1M's headquarters?

    1M's headquarters is located at 17 Greenpark Rd, Auckland.

  • What is 1M's latest funding round?

    1M's latest funding round is Acquired.

  • Who are the investors of 1M?

    Investors of 1M include OCS.

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