Ori received an investment from Wa’ed Ventures to enhance AI technologies and develop local talent in Saudi Arabia.
Feb 17, 2025•5 months ago
Investors
Wa’ed Ventures
Description
Wa’ed Ventures, the venture capital arm of Saudi Aramco, has invested in the UK-based AI cloud startup Ori. This investment aims to establish a subsidiary in Riyadh to enhance AI technologies and develop local talent.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers