Sakneen announced that it has raised $1.1 million in a round of funding led by new investor Algebra Ventures on February 8, 2021. The transaction included participation from new investors Sarwa Capital Holding for Financial Investments (S.A.E) (CASE:SRWA), Foundation Ventures, Hem + Spire, Nakhla VC, and angels from Google, BlackRock, and McKinsey.