Saudi Aramco Entrepreneurship Ventures, through its venture capital arm Wa’ed Ventures, aims to ignite the spirit of entrepreneurship in Saudi Arabia by providing development and financial support to entrepreneurs. By offering business incubation, coaching, training, seed funding, non-collateral loans, and venture capital investment, the organization supports the growth of small- and medium-sized enterprises to diversify the Kingdom’s economy. Wa’ed Ventures collaborates with key players to create an effective entrepreneurship ecosystem, promoting economic growth, job creation, and technological advancement in sectors such as ICT, energy, manufacturing, healthcare, and services. With a focus on seed, early, and growth stage businesses, the organization typically invests $3-5 million over 2-3 rounds of financing, seeking minority shareholding in high potential companies to fuel economic development in Saudi Arabia.
Hire at enterprise scale without enterprise complexity. Since 2019, Elevatus has been rigorously implementing the latest in AI technology and modern science to design award-winning recruiting solutions that are revolutionizing the future of HR. Through these solutions, hundreds of companies from all over the world have been able to hire and assess over 1 million candidates to date. Elevatus helps enterprises, industry giants, startups, and brands from all around the globe centralize their core HR processes under one unified umbrella – to create a faster and more cost-efficient hiring experience. Today, Elevatus is a multi-award-winning software company headquartered in Saudi Arabia; with a growing client base, first-class awards, and legions of talented people in our team.
Red Sea Farms
Venture Round in 2022
Red Sea Farms, based in Thuwal, Saudi Arabia, specializes in sustainable agriculture solutions tailored for arid environments. The company focuses on developing innovative technologies that enable greenhouse and hydroponic farms to cultivate high-quality produce while minimizing water and energy consumption. This approach not only enhances food production efficiency but also promotes sustainability and cost savings for farmers. In addition to its proprietary technologies, Red Sea Farms offers consultancy services, providing expert technical advice on the design and project management of saltwater-based and desert agricultural systems. Through its diverse range of products and services, the company aims to address the challenges of agriculture in water-scarce regions.
Lamaa
Seed Round in 2021
Lamaa is a financial technology company based in Riyadh, Saudi Arabia, that focuses on providing solutions for small and medium enterprises (SMEs). The company specializes in invoice financing services and offers software and online tools designed to manage banking and tax processes. By facilitating supply chain finance without the need for promissory notes, Lamaa enhances the financial inclusion of SMEs, allowing them to optimize working capital management for suppliers. This approach supports corporations in maximizing their treasury returns while streamlining their financial operations.
Cura كيورا
Series A in 2021
Cura is a telemedicine company that connects patients with licensed doctors through its platform, allowing users in Saudi Arabia to access teleconsultations across approximately 200 medical specialties. Since its launch in 2016, Cura has enhanced its services to enable users to receive diagnoses based on international standards and obtain e-prescriptions for themselves or their family members. The platform facilitates consultations through various media, including pictures, videos, and audio recordings, ensuring that patients can follow up on their healthcare needs without the constraints of time or distance. Users can also pay for services using their health insurance, further streamlining the process of accessing medical care.
Red Sea Farms
Series A in 2021
Red Sea Farms, based in Thuwal, Saudi Arabia, specializes in sustainable agriculture solutions tailored for arid environments. The company focuses on developing innovative technologies that enable greenhouse and hydroponic farms to cultivate high-quality produce while minimizing water and energy consumption. This approach not only enhances food production efficiency but also promotes sustainability and cost savings for farmers. In addition to its proprietary technologies, Red Sea Farms offers consultancy services, providing expert technical advice on the design and project management of saltwater-based and desert agricultural systems. Through its diverse range of products and services, the company aims to address the challenges of agriculture in water-scarce regions.
FalconViz
Venture Round in 2021
FalconViz LLC, founded in 2015 and based in Thuwal, Saudi Arabia, specializes in 3D surveying and mapping services using advanced aerial and terrestrial scanning technologies. The company employs autonomous multirotor copters to conduct 3D aerial scanning, offering real-time processing of image, orientation, and positioning data. FalconViz produces interactive 3D models, which serve various sectors including urban planning, industrial engineering, construction, cultural heritage reconstruction, and emergency response. Additionally, the company supports commercial projects such as advertisement and motion picture asset generation. By leveraging patented technologies developed at KAUST, FalconViz contributes to digital transformation in Saudi Arabia, providing clients with accurate, timely data to enhance decision-making and strategic planning.
Postage
Seed Round in 2021
Postage offers delivery services for various goods ranging from clothing to books offered by 50 local and international e-commerce players. It claims to be the first last-mile operator to offer guaranteed same-day delivery between Riyadh and Dammam, as well as offering a two-hour delivery service across Riyadh.
Hazen.ai
Seed Round in 2021
Hazen.ai is a company based in Mecca, Saudi Arabia, that specializes in developing artificial intelligence-driven traffic enforcement software. Founded in 2017, Hazen.ai creates advanced traffic camera systems that utilize computer vision and deep learning algorithms to monitor and analyze traffic violations. Their products, including a traffic violations monitor and a traffic spot and turn counter, are designed to identify dangerous driving behaviors by processing video footage. By providing enforcement organizations with accurate data and analytics, Hazen.ai aims to enhance road safety and assist in the efficient management of traffic violations.
UnitX
Seed Round in 2019
UnitX Technologies is an artificial intelligence and supercomputing company based in Thuwal, Saudi Arabia, founded in 2018. The company specializes in deploying AI at scale for various industries, including finance, government, retail, healthcare, and manufacturing. It offers a range of products and services through its online software platform, such as UnitX Sentient for accelerating AI initiatives, UnitX Maestro for digital transformation with cloud integration, and UnitX RapidSim for on-demand supercomputing aimed at virtual prototyping. Additionally, UnitX automates safety and security monitoring at industrial sites using its patent-pending AI platform, Vizard, which analyzes sensor data and video analytics to provide real-time insights for health, safety, and environmental (HSE) managers. This platform enhances worker safety by detecting hazards and monitoring restricted zones, thereby reducing incident risks and operational costs. UnitX is recognized for its commitment to responsible AI and ethics and holds ISO certification.
Hazen.ai
Seed Round in 2019
Hazen.ai is a company based in Mecca, Saudi Arabia, that specializes in developing artificial intelligence-driven traffic enforcement software. Founded in 2017, Hazen.ai creates advanced traffic camera systems that utilize computer vision and deep learning algorithms to monitor and analyze traffic violations. Their products, including a traffic violations monitor and a traffic spot and turn counter, are designed to identify dangerous driving behaviors by processing video footage. By providing enforcement organizations with accurate data and analytics, Hazen.ai aims to enhance road safety and assist in the efficient management of traffic violations.
FalconViz
Series A in 2016
FalconViz LLC, founded in 2015 and based in Thuwal, Saudi Arabia, specializes in 3D surveying and mapping services using advanced aerial and terrestrial scanning technologies. The company employs autonomous multirotor copters to conduct 3D aerial scanning, offering real-time processing of image, orientation, and positioning data. FalconViz produces interactive 3D models, which serve various sectors including urban planning, industrial engineering, construction, cultural heritage reconstruction, and emergency response. Additionally, the company supports commercial projects such as advertisement and motion picture asset generation. By leveraging patented technologies developed at KAUST, FalconViz contributes to digital transformation in Saudi Arabia, providing clients with accurate, timely data to enhance decision-making and strategic planning.
FalconViz
Equity Crowdfunding in 2016
FalconViz LLC, founded in 2015 and based in Thuwal, Saudi Arabia, specializes in 3D surveying and mapping services using advanced aerial and terrestrial scanning technologies. The company employs autonomous multirotor copters to conduct 3D aerial scanning, offering real-time processing of image, orientation, and positioning data. FalconViz produces interactive 3D models, which serve various sectors including urban planning, industrial engineering, construction, cultural heritage reconstruction, and emergency response. Additionally, the company supports commercial projects such as advertisement and motion picture asset generation. By leveraging patented technologies developed at KAUST, FalconViz contributes to digital transformation in Saudi Arabia, providing clients with accurate, timely data to enhance decision-making and strategic planning.
Wade7
Series A in 2015
Wade7 is an educational platform focused on making mathematics and physics engaging and accessible for students. By transforming traditional math and physics lessons into animated stories, Wade7 captures students' attention and fosters emotional investment in the learning process. Each lesson is framed around relatable real-world applications, helping students understand the relevance of the concepts they are learning. The platform offers short, animated videos that are no longer than three minutes, accompanied by exercises to reinforce understanding. This approach not only makes learning enjoyable but also allows students to access lessons anytime and anywhere, making it a convenient option for many, particularly in Saudi Arabia. By providing an affordable alternative to private tutoring, Wade7 aims to enhance students' educational experiences without the pressure often associated with traditional study methods.
IK Saudi
Series A in 2015
IK Saudi is Saudi JV -based Company and has a manufacturing facility at Dammam second industrial city, IK-Saudi vision to be the premier pipe & pipeline intervention solutions & technologies in Saudi and the Middle East. The company is well positioned to address the current market gap in Saudi Arabia for engineered utility scrapers and bespoke world-class solutions for pipelines in Saudi Arabia and the Middle East.(Hot tapping, Hot Bolting, Hydrostatic Testing , Sub Sea Turn around and repair solutions.
Saferoad Information Technology
Series A in 2015
SafeRoad Co. LTD. specializes in GPS tracking hardware and software solutions aimed at enhancing safe road operations in the Middle East. Founded in 2008 and based in Khobar, Saudi Arabia, the company provides a comprehensive range of services including fleet management, individual vehicle monitoring, generator monitoring, and school bus systems. Its offerings feature real-time tracking, history tracking, geo-fencing, and notification alerts. SafeRoad's innovative telematics solutions not only focus on fleet management but also on optimizing driver utilization, ensuring driver safety, and reducing operational costs and insurance expenses for various sectors such as transportation, courier delivery, and civil contracting. The company's commitment to improving road safety and driver behavior has garnered recognition and awards from notable organizations, highlighting its significant impact on the regional economy.
Geophysical Equipment Factory
Series A in 2014
Geophysical Equipment Factory Limited, located in Al-Khobar, Saudi Arabia, specializes in the manufacturing of exploration and geophysical equipment, particularly for the oil and petroleum industry. Established with a decade of expertise in seismic and data acquisition management, the company aims to provide the local and Middle Eastern markets with high-quality geophysical tools. Their product offerings include a range of seismic equipment and accessories such as cables, pickup loops, geophone connectors, dust caps, spikes, banana pins, and carrying hasps. All products are designed to meet international standards while being locally manufactured, ensuring that clients have access to professional-grade equipment for efficient seismic processing. The factory operates from a facility spanning over 2,000 square meters in the Al Rubain Industrial Area.
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