Aramco Ventures Makes Bold Move by Investing in Telefónica-Backed AI Startup

Aramco Ventures Makes Bold Move by Investing in Telefónica-Backed AI Startup
3 days ago

In a strategic move aimed at bolstering its technological portfolio, Aramco Ventures, the investment arm of Saudi Arabia's national oil company, has announced its decision to invest in an artificial intelligence startup that has received backing from the telecommunications giant Telefónica. This significant investment underscores Aramco's commitment to diversifying its business ventures beyond oil and into innovative technology sectors.

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Saudi Aramco's Venture Arm Invests in $30 Million Funding Round for Local Startup

Saudi Aramco's Venture Arm Invests in $30 Million Funding Round for Local Startup
2 months ago

In a significant move to bolster its investment portfolio and support regional startups, Saudi Aramco's venture capital arm has joined a $30 million funding round for a promising Saudi-based technology startup. This investment marks a key development not only for Aramco but also for the burgeoning tech ecosystem in Saudi Arabia.

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