Wamda

Saudi Arabia

Aramco-backed Prosperity7 joins TensorWave's $100 million round

US-based AI infrastructure startup TensorWave has raised $100 million in a funding round led by Magnetar and AMD Ventures, bringing its...

TensorWave Prosperity7 Aramco

Saudi Arabia

Wa’ed Ventures earmarks $100 million to invest in Saudi AI sector

Aramco’s $500 million VC fund, Wa’ed Ventures, has allocated $100 million for early-stage AI investments to support...

Wa'ed Ventures Aramco AI

Saudi Arabia

Aramco injects additional $4 billion into Aramco Ventures

Saudi Arabia’s oil giant, Aramco, has allocated an additional $4 billion to its global venture capital arm, Aramco...

Aramco Aramco Ventures

Global

Aramco’s Prosperity7 Ventures leads China’s Cispoly $14 million Series B round

Prosperity7 Ventures, a $1 billion growth-stage fund of Saudi energy and petrochemical enterprise Aramco, has led a $14 million series B...

Aramco

Global

Aramco Ventures leads $10 million Series A round for REDEX

Aramco Ventures, the corporate venturing subsidiary of Saudi energy and petrochemical enterprise Aramco, has led a $10 million Series A...

Aramco

Saudi Arabia

Wa’ed Venture co-leads Mighty Buildings’ $52 million Series B round

Saudi Arabia’s Wa’ed Venture, the VC arm of Aramco, has co-led a $52 million Series B round in the US-based...

Wa'ed Vnetures Aramco Mighty Buildings

Saudi Arabia

Wa’ed Ventures invests in Roots Ventures

Wa’ed Ventures, the VC arm of Aramco, has invested in Revival Lab to launch its venture builder Roots Ventures. The investment...

Wa'ed Vnetures Roots Ventures Aramco

Saudi Arabia

Aramco’s Wa’ed Ventures co-invests €13 million Series A round in OQ Technology

Luxembourg-based 5G satellite operator OQ Technology, has closed a €13 million Series A funding round co-led by Saudi...

Wa’ed Ventures Aramco OQ Technology

Saudi Arabia

Saudi Aramco's Wa'ed invests in WakeCap

Saudi Arabia-based construction technology (contech) startup WakeCap has raised investment from Wa’ed, the Saudi Aramco...

Aramco WakeCap

Saudi Arabia

Saudi Aramco launches $1 billion Prosperity7 Ventures fund

Saudi Arabia’s Aramco has launched Prosperity7 Ventures, a $1 billion global VC fund, with a long-term view to supporting the...

Aramco Prosperity7 Ventures VC fund

Saudi Arabia

Wa’ed pledges $5.9 million to support Saudi entrepreneurs in Yanbu roadshow

Wa’ed, the entrepreneurship arm of Saudi Arabia’s Aramco, has doubled down its financial support to Saudi-based startups,...

Aramco Wa'ed entreprenership

Saudi Arabia

Wa’ed announces $2.7 million budget to support Saudi entrepreneurs during Jubail roadshow

Wa’ed, the entrepreneurship arm of Saudi Arabia’s Aramco, has set aside SAR10.2 million ($2.72 million) in Seed grants and...

Wa'ed Aramco

Saudi Arabia

Wa’ed invests $500,000 in Saudi drone operator FalconViz

Wa’ed, the entrepreneurship arm of Saudi Aramco, has invested $500,000 in Saudi Arabia-based drone operator FalconViz, marking...

falconviz Wa'ed Aramco

Saudi Arabia

Hazen.ai secures follow-on funding from Wa’ed

Saudi Arabia-based Hazen.ai, has received a follow-on investment from Wa’ed, the entrepreneurship arm of Aramco. The startup received...

Hazen.ai Traffic system Follow on funding

Saudi Arabia

Averos receives follow-on funding from Wa’ed Ventures

Saudi Arabia-based Averos, has secured a follow-up investment from Wa’ed Ventures, the entrepreneurship arm of oil giant...

Averos Follow on funding Wa'ed

Saudi Arabia

GetMuv raises $500,000 bridge investment

Saudi Arabia-based health and fitness app GetMuv, has raised a $500,000 (SAR 1.8 million) bridge round from the entrepreneurship arm of...

GetMuv health and fitness bridge investment

Saudi Arabia

Ynmo raises $500,000 seed

Saudi Arabia-based education technology (edtech) platform Ynmo, has raised a $500,000 seed round from the entrepreneurship investment arm...

Ynmo EdTech SAAS

Global

Wahed Invest acquires UK digital banking app Niya

Source: Reuters Wahed Inc, a U.S.-based Islamic-finance fintech startup backed by Saudi Aramco, will acquire Niyah Ltd, a British...

Wahed Islamic economy Aramco

Global

Saudi's Aramco invests in US-based Data Gumbo

Source: Houston Chronicle Blockchain-based tech startup Data Gumbo scored $4 million in a Series B funding round, drawing a second...

Aramco Blockchain

Saudi Arabia

Beyond the headlines: Will the Saudi attacks mark the end of drones?

The drone attacks on Saudi Arabia’s oil fields on 14 September managed to cut the country’s oil production by 50 per cent,...

Drones Drones for good Aramco

Saudi Arabia

Saudi Aramco licenses NOMADD to create waterless cleaning systems

Saudi Aramco entered into a technology licensing agreement with NOMADD Desert Solar Solutions, the Saudi-based startup that commercializes...

Aramco Solar panels NOMADD

Saudi Arabia

How will Saudi’s diversification affect startups?

Just a few days into 2016, Saudi Arabia deputy crown prince Muhammad bin Salman made waves when he said the kingdom was exploring a public...

Wamda2016 Saudi Arabia Aramco

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