Graphiant Secures $19M, Opens Riyadh Hub Amid NaaS Market Surge

Malaz Madani

Last updated 20-05-2025

2 min

Graphiant, a US tech firm, secured $19 million from Saudi's Wa'ed Ventures and Taly Ventures.

This Series B funding round raises Graphiant's total to $102 million, with notable investors involved.

Graphiant specialises in "Networks-as-a-Service," enhancing secure cloud connectivity for global brands.

A new regional hub in Riyadh aligns with Saudi Arabia's push to boost its tech industry presence.

The Networks-as-a-Service market is expected to reach $92 billion by 2030, highlighting strong growth.

US-based tech firm Graphiant has wrapped up a $19 million funding round co-led by Saudi Arabia's Wa'ed Ventures, the investment arm of energy giant Aramco, and Taly Ventures, part of telecom heavyweight stc. This funding was part of a larger Series B round bringing Graphiant's total raised to a whopping $102 million, with big players such as Sequoia Capital, Two Bear Capital, and IAG Capital Partners also chipping in.

Set up in 2020 by Khalid Raza, Graphiant specialises in what the industry calls "Networks-as-a-Service" (NaaS), offering secure connectivity solutions across multi-cloud and hybrid cloud environments. With over 13 patents in their kitty, they've developed tech relied on by global brands—I reckon most of us would recognise at least one or two, with Sony Pictures and Valmont among their clients.

Interestingly, as part of the fresh fundraising, Graphiant will open a regional hub in Riyadh, neatly aligning with Wa'ed Ventures’ strategy—helping Saudi Arabia cement its role as a key player in emerging tech. Saudi Arabia, known traditionally for its dates and kabsa, is now increasingly becoming a magnet for global innovation.

According to market forecasts, the worldwide market for Networks-as-a-Service will grow rapidly, anticipated to hit around $92 billion by 2030—fuelled mostly by businesses needing smarter, AI-ready connectivity options. Given the insatiable appettite companies have for more flexible, future-proof networks, firms like Graphiant seem positioned nicely to make the most of this momentum.

It's an exciting moment for anyone following the tech venture scene in the Middle East, and regular Arageek readers would likely find it an interesting story to keep an eye on.

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