AI

Wyld VC Launches $50M Fund to Elevate AI Startups Across MENA and Silicon Valley

Editorial Team
Editorial Team

2 min

Wyld VC has launched a $50 million fund to boost AI startups in MENA and Silicon Valley.

The fund will support new AI ventures, enhancing Gulf ties through investment and data centres.

Wyld VC plans to expand with branches in Abu Dhabi and San Francisco.

The investment is backed by Lawrence Golub's family office, a notable tech and finance figure.

The Gulf is increasingly seen as a tech hub, with AI likened to the "next oil boom".

Saudi-based Wyld VC has announced a new investment fund worth $50 million aimed specifically at boosting early-stage artificial intelligence startups, both in the Middle East and North Africa region and Silicon Valley in the US.

The startup investor is gearing up to roll out its very first funding initiatives shortly after US President Donald Trump's upcoming visit to the Gulf, during which he'll make stops in Saudi Arabia and the UAE. The fund will primarily support new AI ventures, especially ones that could benefit from Gulf backing, either through financial investment or by establishing regional data centres.

Wyld VC, with headquarters firmly planted in Saudi Arabia, is also planning new branches in Abu Dhabi and San Francisco to broaden its geographical reach. The fund is primarily bankrolled by the family office of Lawrence Golub, a well-known US player in the tech and finance arenas.

Speaking on behalf of Wyld VC, founder Tala Hasan Al Jabri explained: “We're at a generational turning point, really. Silicon Valley's tech innovations are desperate for allies and partners who can help speed things along, and the Arabian Gulf is perfectly positioned to step into that role—especially now, when artificial intelligence is increasingly viewed here as the next oil boom.

It's a timely step, considering the frantic race happening right now to be at the forefront of everything AI; it feels as if every country wants a slice of the pie. As someone keeping tabs on the tech scene, it's clear the Gulf has rapidly become an influential hub for startups, with significant investments flowing in from other regions. I read a piece about this just the other day on Arageek, which commented about the Gulf region being touted as the "new hotspot" for tech companies.

Whether this new fund helps cement Saudi Arabia's place in the global AI ecosystem remains to be seen, but it certainly adds an interesting new player into the mix. Until then, we'll watch this space closely—over cups of tea, of coarse, as every respectable conversation here goes hand in hand with a good brew.

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