Aramco

Aramco pumps in $4 billion into Aramco Ventures

Aramco has allocated an additional $4 billion to its global venture capital arm, Aramco Ventures. It will more than double the capital allotted to Aramco Ventures, increasing its total investment allo...

Aramco and droppGroup to promote Web3 technology in Saudi Arabia

droppGroup today announced the signing of an industry-first Web3 Technology Memorandum of Understanding with Aramco, to explore how the parties may collaborate together to apply dropp’s propriet...

Odoo and Aramco sign a MoU to provide SMEs with enhanced access to digital tools

The strategic collaboration between Odoo and Aramco outlines the long-term goals between the two companies in line with Saudi Arabia’s Vision 2030. Given the Saudi Government’s aim to enhance ac...

Aramco launches Taleed program to accelerate SME growth in KSA

Aramco announced the launch of a new program, “Taleed”, which aims to accelerate the growth of Small and Medium Enterprises (SMEs) in Saudi Arabia — helping boost their contribution to economic develo...

Aramco’s Wa’ed Ventures and Phaistos Investment fund OQ Technology

OQ Technology, a global 5G IoT (Internet of Things) satellite operator, has closed a Euro 13 million Series A funding round led by Wa’ed Ventures, the venture capital arm of Aramco, and Phaistos Inves...

Wa’ed announces SAR 1.9 million venture capital in Qreeb

Wa’ed, the entrepreneurship arm of Aramco, has announced a SAR 1.9 million venture capital investment in Dammam-based Qreeb, a digital B2B e-procurement and facility management platform aiming to stre...

Saudi agritech firm, Red Sea Farms raises $ 16m for expansion

Saudi Arabian AgTech business, Red Sea Farms has successfully closed pre-series A funding round for $ 10m and the company oversubscribed this investment round to enable them to raise $ 16m from leadin...

Wa’ed to launch the Wa’ed Entrepreneurship Roadshow to find and fund a new generation of Saudi entrepreneurs

Wa’ed, the entrepreneurship arm of Aramco, today launched a national search to find and fund a new generation of Saudi entrepreneurs at a series of high-profile roadshow events to be held in six citie...

Saudi based startup Red Sea Farms raises $10 million

Saudi Arabia based AgTech startup, Red Sea Farms today announced that it has been able to raise $10 million investment today a group of leading Saudi and UAE investors. The startup has developed one-o...