Riyadh, Saudi Arabia – Wa’ed Ventures, the $500 million venture capital arm of Aramco, has announced its leadership in a $5 million funding round for Ynmo, a Saudi-based company transforming educational and rehabilitative technology for children, including those with disabilities. The funding round also saw participation from Qatar Development Bank (QDB) and Nour Nouf Ventures, […]
Riyadh, Saudi Arabia – December 16, 2024 Wa’ed Ventures, the investment arm of Aramco’s Wa’ed Program, has announced its leadership in a $5 million Series A funding round for EME, a Netherlands-based company specializing in sustainability and circular economy solutions. The funding will enable EME to localize its cutting-edge technologies in Saudi Arabia and expand […]
Riyadh, Saudi Arabia – Wa’ed Ventures, the $500 million venture capital arm of Aramco, has announced a $100 million commitment to early-stage artificial intelligence (AI) investments, reinforcing Saudi Arabia’s ambition to establish itself as a global leader in AI. This significant move aligns with the Kingdom’s broader vision to position AI as a key economic […]
Riyadh – Athir, a pioneering health tech company in Saudi Arabia, has successfully closed its first investment funding round, marking a significant milestone in its mission to revolutionize the healthcare sector. The round saw participation from prominent investors, including Wa’ed Ventures, SHARE Investment Co., and RZM Investment. Founded in 2017 by Jawad Chaudhry, Ahmad AlJehani, […]
Wa’ed Ventures, the venture capital arm of Saudi Aramco, has announced it has led a $6.5 million investment round for the US-based artificial intelligence company aiXplain. This brings aiXplain’s total funding to $16.5 million since its inception in 2020. Founded by Hassan Sawaf, a technology veteran with over 25 years of experience at Meta, Amazon, […]