Wa’ed Ventures Allocates $100M to Invest in AI

Wa’ed Ventures, an Aramco-owned VC fund, has allocated $100 million to invest in AI to boost the sector in Saudi Arabia.

Why it Matters? Wa’ed Ventures AI investments do not stop.

Wa’ed Ventures has a fund size of $500 million.
The allocated funds will target early-stage startups all over the world.
The fund has already invested in many AI startups in order to enter the Saudi market.
Wa’ed was founded in 2013 and has over 70 in its portfolio.

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