RIYADH: Over the last week, startups in the Middle East and North Africa have continued to draw substantial investment, with Saudi Arabia emerging as the main driver behind several of the most well-known fundraising rounds and initiatives in the area.
With the support of private investment and government-led initiatives, the Kingdom is solidifying its standing as a regional centre for innovation and AI-driven technology. Wyld VC, the first AI-native venture capital firm in the MENA region, is located in Saudi Arabia and has created a $50 million early-stage venture capital fund dedicated solely to AI.
Tala Hasan Al-Jabri created and leads the fund. Its goal is to assist AI entrepreneurs who are developing middleware and application-layer breakthroughs in industries with the greatest potential for the industrial revolution.
Through significant infrastructure expenditures, cutting-edge research and model deployment, and open, innovation-forward policy, the GCC is spearheading an AI revolution, according to Al-Jabri. “But the biggest shortage in the region is in AI talent,” he said. The purpose of Wyld VC is to bridge that gap. Supported by Lawrence E. Golub’s family office, Wyld VC is making its first investment in the Middle East.
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