Anchor Investor Briefing Confidential · Prepared for KAAF Investments

INEVARA

The Sovereign Intelligence
Holding Company.

Australian innovation. Arabic ambition. Built for the world.
25 commercial AI verticals · 65 patent-pending innovations · five world-firsts with zero prior art.

25
Commercial verticals
65
Patents filed / filing-ready
17
Live today · 8 staged
INEVARA· Sajdak Group Holdings WLL · Kingdom of Bahrain· April 2026
01 · The pattern

A pattern you've already backed.

KAAF portfolio

Carbyne

AI-native emergency communications platform.

Exit · November 2025
US$625M

cash acquisition by Axon.

Applied AI. Mission-critical, regulated customers. Defensible IP. A structural moat. A clean strategic exit.

INEVARA applies that same pattern — one IP spine, many commercial surfaces, one Bahrain entity, one patient capital decision.

Pattern trait

Applied AI in regulated workflows

Pattern trait

Enterprise & institutional buyers

Pattern trait

Owned, patented core IP

Pattern trait

Structural acquisition fit

02 · Why now

Three irreversible shifts just created a
once-in-a-generation window.

SHIFT 1
The AI gold rush has no picks and shovels

Everyone is building chatbots. Nobody is building the encryption, identity, and intelligence layers that every AI product will eventually need. We are the picks and shovels — and we've patented them.

SHIFT 2
Quantum computing just became real

NIST finalised post-quantum encryption standards in 2024. "Harvest now, decrypt later" is acknowledged by every government. Almost no commercial product has implemented these standards. We have — fully, in production.

SHIFT 3
EU AI Act enforcement begins August 2026

Article 50 mandates AI content watermarking. Article 6 requires AI transparency. Our latent-space watermarking and encrypted reasoning technologies are already compliant — before the deadline. Every AI content platform will need to license this or build it from scratch.

03 · Built here first

Arabic-first.
Gulf-native.
World-first.

Five technologies that don't exist anywhere else on earth. Three that were built for this region first — not ported, not translated, not localised. Engineered natively for the Gulf.

✨ Built for the Gulf first
SAJ SPEAK — ARABIC CODEBOOKS

The first neural voice codec with Gulf Arabic dialect support

Language-adaptive codebooks trained natively on Gulf Arabic dialects — not translated from English models. On-device. Sovereign. No cloud. 79 wake word models across 4 languages including Arabic. It understands the floor, the boardroom, and every dialect in between.

AIRTIGHT — ARABIC-NATIVE ACCOUNTING

The first accounting platform built Arabic-native from the ground up

Not translated from English. Not localised. Built Arabic-native. Zakat-ready. MENA tax compliance from day one. The 60M+ Arabic-speaking SMEs across MENA have been profoundly underserved by every existing accounting platform. AIRTIGHT is the first built for them, not adapted for them.

SAJ LINK — ARABIC VOICE INTELLIGENCE

Sovereign encrypted communications with Gulf Arabic neural voice

Quantum-proof encrypted communications with Arabic-dialect neural voice processing. The first sovereign comms stack designed for Gulf operations — boardroom, legal, M&A, industrial floor. Your encrypted channel that actually understands the language of this region.

🌍 World firsts — no prior art
VOICE COMPRESSION

1.2 kbps neural voice

Clear speech at a bandwidth where every other technology produces unintelligible noise. The first.

POST-QUANTUM

Hybrid PQ encryption in production

NIST-standard. Commercial. Deployed today. No other company has done this at scale.

AI REASONING

AI that never sees your data

Encrypted semantic reasoning. Your data converts to meaning maps; originals destroyed. AI reasons over the map.

DREAM STATE AI

Autonomous overnight consolidation

PROV-070 + PROV-076. AI that learns during the day and consolidates overnight. Zero prior art globally.

IDENTITY

Behavioural identity as crypto key

How you communicate becomes your cryptographic identity. Cannot be faked. Evolves with you.

04 · What INEVARA is

Built, running,
and commercial.

INEVARA is one operating platform with 25 commercial AI verticals — not a thesis, not a roadmap, not AI-wrapped tooling.

Every vertical shares a unified IP spine: authentication, data governance, inference infrastructure, audit trail. Held inside Sajdak Group Holdings WLL, Kingdom of Bahrain. IP filed at IP Australia. Designed for regulated, patient, long-horizon deployment.

25
Commercial verticals
65
Patents filed / filing-ready
500K+
Lines of production code
17
Live today · 8 staged

One founder · One parent entity: Sajdak Group Holdings WLL, Kingdom of Bahrain · One IP spine · One capital partner decision.

05 · How it all fits

One entity.
Three branches.

UMBRELLA BRAND
INEVARA
inevara.com · the public name across all 25 verticals
LEGAL ENTITY
Sajdak Group Holdings WLL
Kingdom of Bahrain · CR 195200-1 · MOICT registered
25 VERTICALS
BRANCH I
Commercial AI Businesses
PSME × 7COUNSEL · VESTBRIDGE · LUME · AIRTIGHT · WELLSPRING · FARABEL · EDVANCE
CSBE × 10LUSTRE · HAVEN · SETTL · AUTOGRAPH · VOLTR · HEARTHSTONE · KINSHIP · REVERIE · MOTIQ · SAFEST
Platform × 8BELLA · MARTY · RAISEPROOF · RESIDARA · STRATUM · VECTRAL · RTHM · SAJ LINK
17 live 8 staged
SAJ BACKBONE
BRANCH II
Technology Infrastructure
5 PILLARS
Saj Speak · Saj Link · Saj Sense · Saj See · Saj Codec
4 PRODUCT COMPANIES
Saj Browse · Saj Speak · Saj Link · Saj Loop
19 filed provisionals PROV-030 / 070 / 076 / 078
IP SPINE
BRANCH III
Intellectual Property
Total patents65 provisional
Filed at IP Australia18 public
Crown jewels (9–10/10)47
Prior art found0
PCT-ready 6 categories
ADJACENT · SEPARATE ENTITY · SEPARATE CAP TABLE
Away
Kane Sajdak & Marty Brown
Infrastructure for the humans AI displaces. 60 sites across 30+ countries. US$55M raise, three tranches. GCC deployment: Bahrain, UAE, Saudi. Not the same company — the same thesis, executed in both directions.
REFERENCE ONLY
US$55M
three tranches

Every vertical inherits the IP spine · Bahrain entity is the commercial home · Australia is where the IP is protected

06 · The 25 verticals

Three groupings. One spine.

PSME · 7 verticals

Professional Services Matching Engine

Expert-to-client matching with credential, compatibility, and domain intelligence.

  • · COUNSEL — legal
  • · VESTBRIDGE — wealth
  • · LUME — mental health
  • · AIRTIGHT — accounting Arabic-first
  • · WELLSPRING — wellness
  • · FARABEL — travel intelligence
  • · EDVANCE — education
CSBE · 10 verticals

Consumer Services Booking Engine

Consumer marketplaces sharing identity, booking, and trust infrastructure.

  • · LUSTRE — beauty
  • · HAVEN — home & aged care
  • · SETTL — dining
  • · AUTOGRAPH — events & performance
  • · VOLTR — fitness
  • · HEARTHSTONE — home services
  • · KINSHIP — household & pet care
  • · REVERIE — creative travel
  • · MOTIQ — automotive
  • · SAFEST — family safety
Platform & Strategic · 8

Enterprise & intelligence platforms

Horizontal platforms sold to enterprises and embedded across the portfolio.

  • · BELLA — executive OS
  • · MARTY — creative director OS
  • · RAISEPROOF — investor intelligence
  • · RESIDARA — property management
  • · STRATUM — property development
  • · VECTRAL — supply chain
  • · RTHM — marketplace timing
  • · SAJ LINK — sovereign comms World-first

Every vertical inherits the IP spine · canonical list at inevara.com · 177 cross-vertical synergies

06b · Cornerstone platforms

Four platforms. In production.

These are not demos. These are live, deployed, commercially available products — each independently valuable, collectively forming the backbone of the INEVARA ecosystem.

BELLA · EXECUTIVE AI ExecOS · Available now

The AI that knows you. Acts for you.
Never exposes you.

137K+ messages analysed. 59 agentic tools spanning email, calendar, payments, and intelligence. An AI that learns how you think, surfaces what matters, and takes action — while keeping your raw data encrypted and private.

Bella SGH Weekly meeting intelligence — sentiment & topic flow, talk-time contribution per speaker, decisions and commitments captured live
450K+
Lines of production code
244
Tables
754
API endpoints
25
Agentic tools · 6 platforms
AIRTIGHT · AI ACCOUNTING Arabic-first · Zakat-ready · VAT compliant

The first accounting platform built
Arabic-native from the ground up.

Not localised. Not translated. Built Arabic-native. Zakat-ready. Saudi VAT and MENA tax compliance from day one. 60M+ Arabic-speaking SMEs across MENA have been profoundly under-served by every existing accounting platform. AIRTIGHT was built for them, not adapted for them.

Airtight VAT and Zakat Authority filing form — fully Arabic, RTL layout, ready-to-file Saudi tax return
57
Migrations
250+
Tables
Live
Paddle billing
3-way
AI reconciliation · Bella-native
RAISEPROOF · INVESTOR INTELLIGENCE Live · Generating revenue

66,790 institutional investors.
AI-matched. Ready to contact.

An investor intelligence platform with live data on 66,790 global investors — funds, family offices, angels, and strategics. AI-powered mandate matching, outreach automation, and pipeline tracking. This pitch deck is being delivered through RaiseProof's investor portal.

RaiseProof AI Assistant chat — fundraising co-pilot answering structured questions about INEVARA's patent portfolio, financial model, and capital allocation across the data room
66,790
Investors · 47 tables
Live
Stripe + Paddle · 95 routes
SAJ LINK · SAJ SPEAK
World-first PQ encryption Gulf Arabic native

Quantum-proof. Arabic-native.
On-device.

Saj Link — encrypted communications with hybrid post-quantum cryptography. The first commercial deployment of NIST-standard quantum-proof encryption. Saj Speak — on-device voice intelligence with Gulf Arabic dialect codebooks, 79 wake-word models across 4 languages, and 1.2 kbps neural compression.

Saj Link desktop — Gulf Arabic voice message playing inline, 94% dialect-confidence, PQ + ML-KEM-768 encrypted channel, on-device translate and summarise
PQ
ML-KEM-768 hybrid
86K
Lines of Rust
19
Filed provisionals

Each is independently financeable · together they are a moat · the remaining 21 verticals share the same operational and IP spine

07 · Saj technology backbone

Five pillars. Four companies.
19 patents.

The Saj suite is the technology backbone beneath the platform — five sensory pillars and four product companies. It is the source of the 19 sovereign-comms patents inside the 65-patent portfolio. Three pillars have Arabic-first implementations.

Saj Technology Pillars · 5
  • Saj Speak
    On-device voice intelligence Arabic-first
  • Saj Link
    Sovereign encrypted communications Arabic voice
  • Saj SenseAmbient context intelligence
  • Saj SeeVisual perception engine
  • Saj Codec
    Neural audio compression 1.2 kbps world-first
Saj Group · 4 product companies
  • Saj BrowsePrivacy-first web browser (sajbrowse.com, live)
  • Saj SpeakVoice & transcription product (sajspeak.com, live)
  • Saj LinkEncrypted comms product (sajlink.com, live)
  • Saj LoopSovereign VPN — macOS, built

Pillars are technology primitives. Products are commercialised companies built on them.

08 · The IP position

65 world firsts.
Filed and dated.

65 provisional patents at IP Australia — chosen for international portability under the PCT, transparent priority dating, and globally respected examination. Here is what the portfolio covers, and why each is a world first.

ENCRYPTION · PROV-030
World first · NIST-standard in production

Hybrid quantum-proof encryption

Both today's strongest encryption AND post-quantum simultaneously. Per-source key isolation. Cryptographic shredding — delete the source, keep the learning, mathematically. No commercial product has shipped this.

COMPRESSION · SAJ CODEC
Arabic-first · Gulf dialect codebooks

1.2 kbps neural voice compression

Below the threshold where traditional technology produces intelligible audio. Crystal-clear voice on the worst satellite link. Language-adaptive codebooks for Arabic, Hindi, Urdu. AI understands speech directly from the compressed signal — 10× faster than Siri or Alexa.

AI REASONING
World first · no commercial precedent

Encrypted semantic reasoning

Raw messages, emails, and files converted to encrypted meaning maps — originals destroyed. AI reasons over the map, never the content. 2,000:1 compression of raw data into meaning. Four-tier consent. Zero-knowledge computation proofs.

IDENTITY · PROV-078
World first · zero-knowledge

Communication DNA as cryptographic key

Passwords stolen daily. Fingerprints copied. Deepfakes clone your face. But the pattern of how you write, speak, and respond cannot be faked. We turn it into continuous cryptographic authentication that evolves with you.

DREAM STATE AI · PROV-070, 076
Zero prior art globally

Autonomous overnight consolidation

12-layer intelligence system. Learns during the day. Consolidates overnight. Prepares a morning brief before you wake up. Gets smarter every day automatically — without human input. Confirmed: no prior art anywhere on earth.

PROVENANCE
EU AI Act compliant pre-Aug 2026

Latent-space content watermarking

Watermarks embedded in the DNA of audio and video at the latent space level. Survives re-encoding, compression, adversarial extraction. Proves origin with cryptographic certainty. The only production-ready EU AI Act compliant solution.

18
Filed at IP Australia
65
Total drafted
47
Crown jewels (9–10/10)
0
Prior art found
09 · Competitive landscape

Saj Link vs The World's Most Secure Platforms

We compared our communications platform against the best encrypted messaging apps on the planet. The gap isn't incremental — it's generational. And three capabilities were built for Arabic-speaking markets first.

Capability Saj Link Signal Threema WhatsApp Wire Element Telegram
Quantum-proof encryption Full hybrid Partial Research only Partial No No No
Neural voice compression 1.2 kbps No No No No No No
Gulf Arabic dialect support Arabic-first Native No No No No No No
Behavioural identity Yes No No No No No No
Per-modality encryption Yes No No No No No No
Content watermarking Yes No No No No No No
Your data stays yours Always Yes Yes Meta owns Yes Yes Telegram owns
10 · AI intelligence

Bella vs Every AI Assistant on Earth

Bella is not another chatbot. It is an embedded intelligence that knows you, acts for you, and gets smarter every day — while never exposing your data to anyone. Arabic-first reasoning layer built in.

Capability Bella ChatGPT Claude Gemini Grok
Learns who you are 137K+ messages analysed Prompt only Prompt only Prompt only X posts only
Takes real actions 59 tools (email, calendar, payments...) Limited plugins Limited tools Google only No
Improves itself Autonomous daily Static model Static model Static model Static model
Encrypted reasoning AI never sees raw data Sees everything Sees everything Sees everything Sees everything
Arabic language intelligence Arabic-first Gulf dialect native General Arabic General Arabic General Arabic Limited
Proactive alerts Every 10 min scan Wait for prompt Wait for prompt Wait for prompt Wait for prompt
Patent-protected 10 white-space patents Commodity tech Commodity tech Commodity tech Commodity tech
11 · On AI risk

We've read the December essay.

We agree.

"The rise of AI poses dangers the Gulf cannot ignore." — AGBI, December 2025.

INEVARA is not built on AI hype. It is built to answer — in production — the concerns a thoughtful allocator should raise before deploying capital into anything with the letters A and I on the tin.

Hallucination

Deterministic workflows wrap every inference. Human-in-loop is default, not optional. Outputs are attributed to specific model versions and prompts.

Data provenance

Licensed, consented, or self-generated. No scraped personal data. Per-org data keys. Right-to-forget at the cryptographic layer — key deletion renders data permanently unreadable.

Audit & attribution

Complex Event Processing across all 25 verticals. Every decision is traceable to inputs, model, operator, and outcome. Designed for regulators from the ground up.

Energy economics

Per-inference cost modelled into unit economics. Route to the smallest capable model — not the largest. Quantised, air-gappable variants where appropriate.

Human displacement

Augmentation-first across every vertical. The platform assumes a human operator is the accountable party — not the model. This is a design decision, not a disclaimer.

Governance

Per-vertical policy engines. Jurisdiction-aware by default. RLS on every table. Zero multi-tenant bleed. Bahrain MOICT registered — not a passthrough.

We are not building AI that hallucinates your business into a corner. We are building AI with the boring parts designed in from day one.

12 · The bigger picture

Good for the Gulf.
Good for the world.

For the Gulf
✦
Sovereign AI infrastructure owned in the Gulf
Not licensed from Silicon Valley. Not dependent on US export controls. A Bahrain WLL with Bahraini corporate law — controlled here.
✦
60M+ MENA SMEs finally served
AIRTIGHT is the first accounting platform built Arabic-native. Zakat-ready. MENA tax compliant. The region's SME financial inclusion gap, addressed directly.
✦
Supply chain visibility for Gulf industry
VECTRAL gives KAIR-customer operations real-time visibility across procurement, logistics, and inventory — across the Gulf's industrial and logistics corridor.
✦
Sovereign comms for GCC boardrooms
Quantum-proof encrypted channels for M&A, legal, and government traffic — before quantum computers arrive to decrypt what's being harvested today.
✦
Gulf Arabic AI preserved on-device
79 dialect models trained natively. Your voice data never leaves your device. Gulf Arabic intelligence without cloud dependency or Western platform gatekeeping.
For the world
✦
Post-quantum encryption protecting everyone
Nation states are already harvesting encrypted traffic. Every bank transaction, medical record, and private message sent today will be readable when quantum computers arrive. We've built the protection — and patented it.
✦
Solving the enterprise AI privacy paradox
"How can AI help me without seeing my data?" — the single biggest blocker to enterprise AI adoption. Our encrypted semantic reasoning is the prerequisite for the entire enterprise AI market to function.
✦
EU AI Act — the only compliant solution
Article 50 mandates AI content watermarking from August 2026. There is no other production-ready compliant technology. Every platform generating AI content will need to license this or build it from scratch.
✦
Clear voice in the world's worst conditions
1.2 kbps neural voice means clear communication on the worst satellite connection — emergency response, remote areas, disaster zones. Technology that reaches where infrastructure doesn't.
✦
The new identity standard as deepfakes advance
Deepfakes will clone your face and voice. Passwords are breached daily. Behavioural identity — the pattern of how you communicate — is the only thing that cannot be faked. This becomes essential infrastructure.

Investing with a conscience.

Several verticals inside INEVARA carry genuine social value — not as an ESG slide, but as a structural characteristic of the products themselves.

Airtight

Arabic-first AI accounting. SME financial inclusion across MENA — bringing audit-grade books to a segment significantly under-served by every existing platform. Built for this region, not adapted for it.

Safest

Child digital safety platform. Detection-and-intervention layer for families, schools, and regulators.

Haven

Home care & aged care matching. AI-vetted carers for elderly and dependent households. The invisible workforce — made discoverable, trustworthy, and protected.

Lume

Therapeutic outcomes & harmful therapy detection. Mental wellbeing — patient-first, privacy-first, clinician-accountable.

Both halves of the AI economy

The same AI that creates new categories of value will displace categories of workers. We are contributing to that displacement with INEVARA — and we are a partner in building the solution for it. That symmetry is deliberate.

INEVARA

Builds the AI · 25 verticals

  • · Augmentation-first architecture
  • · GCC entry via Airtight (Arabic-first)
  • · 65 provisional patents

Away

Catches the humans · Kane Sajdak & Marty Brown

  • · 60 sites across 30+ countries
  • · US$55M raise, three tranches
  • · GCC deployment: Bahrain, UAE, Saudi

The KAAF ask on this page is INEVARA. Away is available for a separate conversation — separate entity, separate cap table, direct conversation with Marty and me together.

13 · The founder

One operator. Across both shores.

INEVARA is not a fund or a syndicate. It is a single founder-led platform — one person accountable to KAAF for every commitment on the page. Australian. Operating across Bahrain, Saudi, Kuwait, Qatar, the UAE, and New Zealand. Already inside the bilateral chamber system that makes the GCC story executable.

Kane Sajdak — founder of Sajdak Group Holdings WLL, principal architect of INEVARA
Founder & principal

Kane Sajdak

Sajdak Group Holdings WLL · Bahrain

"Operator first.
Advisor always."

15+ yrs
Across 7 countries
US$200M+
Capital raised & deployed
4×
Young Entrepreneur of the Year
Top 100
Australian Entrepreneurs
Executive summary

Multi-award-winning entrepreneur, technologist, and international business strategist. Patent co-author on world-first behavioural-AI medtech (HomeGuardian.ai, FDA-cleared, exited 2023). Negotiated a US$10M Australian Federal Government deployment. Contributor to Australia's Ethical AI Principles. Presented to the Australian Parliament on AI ethics in aged care.

Operating model is the same one that built and exited HomeGuardian — assemble world-class teams, ship patented technology, navigate regulated buyers, exit cleanly. INEVARA is that pattern compounded across 25 verticals.

CURRENT ROLES
  • Director, Optus (Singtel Group)
  • Principal, Sajdak Group Holdings WLL · Bahrain
  • Founder & CEO, Bella (ExecOS)
  • Founder, RaiseProof · SAFEST · Inevara verticals
  • Director, NCF Capital · Board, TrainrHQ
GCC BILATERAL CHAMBER NETWORK
  • · Vice Chairman, Australia-Bahrain Business Chamber
  • · Vice Chairman, Australia-Saudi Arabia Business Chamber
  • · Vice Chairman, Australia-Qatar Business Chamber
  • · Vice Chairman, Australia-Kuwait Business Chamber
  • 5× Vice Chairman across AU/NZ–GCC chambers
Recognised expertise
AI & Machine Learning Telecom & Network Infrastructure Digital Transformation & ICT Governance Strategic Capital & IR Technology Commercialisation Cross-Border Business Development (AU-GCC) Cyber Security & Risk Stakeholder & Government Relations Sharia-Compliant Structuring

Australia · New Zealand · Bahrain · Saudi Arabia · Qatar · Kuwait · UAE · Full bio at sajdak.one

14 · Commercial traction

This is not a concept.
Everything is built and running.

One founder built this entire portfolio to production in under 12 months. Every service is deployed. Every database is live. Every payment system is connected.

69
Services in production
500K+
Lines of production code
5
Revenue-generating businesses
141
Payment products live (Paddle)
4,348
Automated tests passing
36
Registered domains
27
Live production databases
Revenue trajectory (USD)
FY26

Commercialisation year

US$15M

Y1 run-rate

US$50M

Y2 target

US$125M

Y3 target

Y1Y2Y3

Forecast model v3.2 · all figures USD · full sensitivity analysis in data room

15 · The round

A commercialisation round.
Not a seed.

17 verticals live in production. 69 services running. 500K+ lines of code. 5 revenue-generating businesses. This is capital to bring a commercial-grade platform to market across the GCC, Asia-Pacific, and select developed markets — the platform is already there. This capital funds distribution, not construction.

Round size
US$36M
across two milestone-tied tranches
Stage
Commercialisation /
early Series A-equivalent
not pre-revenue seed
Why now
17 verticals live · 69 services running · 5 revenue-generating businesses · 141 Paddle products live · 4,348 tests green
Milestone-tied tranche structure
TRANCHE 1 US$15M

Full GTM activation across 17 live verticals

  • · GCC commercial presence established
  • · PSME provider acquisition campaigns live
  • · CSBE Group 1 provider acquisition live
  • · Cornerstone platforms (Bella, Airtight, RaiseProof, Saj) into paid pilots
TRANCHE 2 US$21M

Staged launch of 8 feature-complete verticals

  • · ASEAN market entry
  • · IP prosecution through PCT national phases (top 5–6 patents)
  • · Strategic reserve for vertical-level acquisitions
  • · Released against tranche-1 commercial milestones — not on a calendar

Every dollar deployed against specific verticals, specific markets, specific hires.

Use of funds
GTM build-out · GCC + MENA40%
Team expansion · sales, regional, vertical GMs25%
Regional infrastructure + compute20%
IP prosecution · PCT → national phases10%
Strategic reserve5%

Distribution-first allocation. No engineering rebuild line item.

Post-money · valuation context
Implied post-money at US$36M raise US$120M – US$180M
15 – 25% dilution at anchor terms
Y3 implied portfolio valuation US$1.05B – US$1.9B
8–12× revenue · 15–25% ecosystem premium · US$131M–US$191M Y3 revenue base
Return range · base → bull 27× – 49×
Full-portfolio outcome on subscribed capital
Catastrophic-downside floor 2.4× capital-preserving
Even if only 2 of 25 businesses survive
The KAAF position

KAAF doesn't lead rounds.
We know this. We're not here to ask you to.

We are here because anchor capital from a values-aligned, long-horizon family office shapes the cap table — and the story — for the next decade. The US$5M – US$10M strategic slot is not a line item in a VC syndicate. It is a founding relationship in a GCC-anchored commercialisation round.

Slot size
US$5M – US$10M
Strategic anchor position alongside lead
Structure
Pro-rata participation
Rights on every subsequent round
Horizon
5 – 10 year relationship
Not a mark-up play. A platform play.
15b · The financial model

Three models. One outcome.

Bottom-up unit economics — not TAM percentages. Validated against comparable companies at equivalent stage. v3.2 · March 2026.

Model Assumption Y3 revenue Y3 EBITDA Y3 implied valuation
MODEL A
Standalone
 Each vertical operates independently. No ecosystem benefits. US$104M US$27M US$835M – US$1.25B
MODEL B · BASE CASE
Ecosystem
 Cross-sell + shared infra savings + data flywheel. US$131M US$37M US$1.05B – US$1.58B
MODEL B + DATA
Ecosystem + Data Asset
 Adds AI data flywheel as a long-term balance-sheet asset. US$131M US$37M US$1.57B – US$2.63B
+US$27M
ECOSYSTEM DELTA · Y3 REVENUE

The ecosystem adds US$27M in Y3 revenue Model A cannot achieve — 177 cross-vertical synergies, US$8.8M shared-infrastructure savings, and a data flywheel generating 5B+ events/year by Y3 that no standalone competitor can replicate.

Per-group capital deployment
STRATEGIC PILLARS
Bella · Marty · RaiseProof · RTHM
CapitalUS$7.6M
Y3 eco revenueUS$16.6M
BreakevenMonth 18 – 20
PSME · 6 verticals
VestBridge · Counsel · Lume · Haven · Residara · Stratum
CapitalUS$4.3M
Y3 eco revenueUS$10.1M
BreakevenMonth 22 – 26
CSBE GROUP 1
Settl · Wellspring · Lustre · Autograph · Motiq · Voltr
CapitalUS$4.1M
Y3 eco revenueUS$27.3M
BreakevenMonth 18 – 22
CSBE GROUP 2
Hearthstone · Kinship · Reverie · Farabel · Edvance · Vectral
CapitalUS$6.3M
Y3 eco revenueUS$35.5M
BreakevenMonth 16 – 22
SUPPORTING + HEADCO
Saj backbone · IP prosecution · finance · governance · regional ops
CapitalUS$9.7M
Mandatecross-portfolio infrastructure
Downside sensitivity
SCENARIO 1
50% revenue miss
12.7×
No engineering burn → lean cost base
SCENARIO 2
3 weakest verticals fail
30.6×
Ecosystem absorbs the shortfall
CATASTROPHIC FLOOR
Only 2 of 25 survive
2.4×
Capital-preserving

Full model: SINGULARITY/financial-models/realistic-model-master-consolidation.md · available in data room via RaiseProof.

16 · Beyond the equity conversation

A second commercial lane.

KAIR — Kanoo AI & Robotics — serves industrial customers across the Gulf with automation, cobots, and AI-driven operations. Several INEVARA verticals slot directly into that customer base. Six of them have Arabic-first or Gulf-native implementations.

Audit & compliance
Arabic-first

Airtight — AI-native accounting and compliance for industrial SMEs. Arabic-native. Zakat-ready. MENA tax compliance from day one.

Supply chain intelligence

Vectral — real-time supply chain visibility for the industrial operations KAIR serves. Procurement, logistics, and inventory — across every facility in the GCC corridor.

Executive intelligence

Bella — ExecOS. For the principals and operators inside Kanoo-Group customer companies. Encrypted reasoning — AI never sees your data.

Sovereign network

Saj Loop — sovereign VPN for industrial environments. Keeps KAIR's operational traffic off public commodity tunnels and inside owned infrastructure.

Arabic-dialect voice
Arabic-first

Saj Speak — on-device neural voice with Gulf Arabic dialect codebooks. Voice intelligence that understands the floor, natively, without cloud dependency.

Encrypted channel
World-first PQ

Saj Link — quantum-proof sovereign comms. For KAIR-customer boardrooms, legal, and M&A traffic. The first encrypted channel quantum computers can't crack.

Partnership compounds the equity case — it is not a substitute for it.

17 · Alignment

Why INEVARA and KAAF.

Concentrated conviction

KAAF runs 5–10 conviction positions. INEVARA is one platform, one IP spine, one founder. The structures rhyme. Concentrated capital into concentrated architecture.

Long horizon

A 5–10 year commitment is exactly the window INEVARA is being built for. We are not optimising for a fast mark-up — we are optimising for compounding IP leverage across 25 verticals.

Family-business values

Sajdak Group is the family backbone. Kane is founder-operator, not portfolio manager. Structured to survive generational transitions on both sides of the table.

Social weight

"Investing with a conscience" is a structural match, not a marketing line. Five INEVARA verticals carry genuine social value by design — including AIRTIGHT, which was built for MENA financial inclusion first.

Geographic symmetry

Kanoo's 1890 root is Bahrain. SGH WLL is headquartered in Bahrain. Simon Harrison chairs the Australia-Bahrain Business Chamber. Ahmed Abdulla Kanoo made the introduction from the Bahrain branch. The map of this conversation was drawn before either of us was in the room.

Ecosystem optionality

INEVARA is the ask on this page. Away — my partnership with Marty Brown — is an adjacent, complementary venture with GCC deployment planned in Bahrain, UAE, and Saudi. Available to KAAF on its own terms, through a separate conversation, when the time is right.

18 · Next steps

Low-commitment.
High-substance.

Step one

Two-hour diligence session

Kane + technical lead. Live walkthrough of the platform, the IP categories, and the unit economics. Any vertical, any depth.

Step two

Data room access

Via RaiseProof (INEVARA tenant). Financial model v3.2, filed patent list with PROV numbers and priority dates, cap table, governance documents.

Step three

Anchor relationship

Simon Harrison (Chairman, AGSG) remains an ongoing anchor for the relationship and its long-term governance across both organisations.

We have chosen to be selective with our capital partners for this round. KAAF's concentrated, long-horizon, values-led approach is the kind of alignment we are building this round around — not a slot to fill, a relationship to open.

kane@sajdak.one · +61 431 733 720 · inevara.com