Wa’ed Ventures, the venture capital arm of Saudi Aramco, has allocated $100 million to invest in early-stage artificial intelligence (AI) startups. The fund aims to accelerate Saudi Arabia’s push to enhance its competitiveness in the global AI sector, Bloomberg reported. The investment will be deployed… Read More
Read more in: Global, Artificial Intelligence | Tagged saudi arabia, saudi aramco, venture capital, wa'ed
Wa’ed, the entrepreneurship division of Saudi Aramco, has been working with Fintech Saudi as a key partner, along with local seed and early-stage VC company Flat6Labs, in order to introduce a 12-week Fintech Accelerator program. The new Fintech Accelerator will focus on supporting the ongoing… Read More
Read more in: Asia, Fintech | Tagged fintech accelerator, fintech adoption, fintech saudi, fintech trends, flat6labs, mena, mena region, middle east, saudi arabia, saudi aramco, startups, wa'ed
Saudi Arabia’s venture capital funds are increasingly looking to tap into Fintech, digital commerce, and healthcare segments this year. VC activity has increased considerably in the MENA region including Saudi Arabia during the past few years, with local startups recording a 55% year-over-year growth in… Read More
Read more in: Asia, Fintech | Tagged adel al-ateeq, coronavirus, covid-19, digital commerce, e-commerce, early-stage firms, fintech adoption, healthtech, magnitt, mena, mena region, middle east, pif, public investment fund, saudi arabia, saudi aramco, startups, vc funding, venture capital, wa'ed
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