Press release:
Saudi gaming startup Lambda Studios has raised $1.3 million in a funding round led by Merak Capital, as it seeks to expand its game development and publishing operations beyond Roblox to additional platforms, including Steam.
Founded in 2024 by Sari and Firas AlSaedi, Lambda Studios began as a personal project nearly a decade ago in Makkah before evolving into a game development and publishing business.
The company initially focused on Roblox, where its games have attracted millions of players, according to Merak Capital. It is now looking to extend its reach to new platforms and audiences while retaining ownership of its intellectual property.
The new funding will support the studio's expansion across gaming platforms, including Steam, as it works to bring its games to a broader international audience.
Merak Capital said its investment was driven by Lambda Studios' ownership of its intellectual property and its approach to growth, which the firm believes will help the studio replicate its success across different gaming platforms.
The deal follows a series of investments by Merak Capital in Saudi gaming startups. In July 2026, the firm invested $1 million in Floaty Studio through its Merak Gaming Fund. It subsequently co-led a $1.45 million funding round in Majestic Mind Games alongside Impact46 in August.
The latest investment adds to Merak Capital's portfolio of Saudi gaming companies developing original intellectual property for international markets.