Humain Ventures Plans $10 Billion Venture Fund To Invest In Global Startups

Humain, the Saudi state-owned AI company led by CEO Tareq Amin, is planning to launch a $10 billion venture fund—Humain Ventures—to invest in startups across the U.S., Europe, and Asia, according to the Financial Times. The company is in discussions with major U.S. players like Andreessen Horowitz, OpenAI, and Elon Musk’s xAI, and is exploring the sale of an equity stake in its data center business to leading American firms. Recently launched, Humain has already partnered with Qualcomm, Nvidia, AMD, and Amazon, and aims to power 7% of global AI processing by 2030 with 1.9GW of data center capacity, part of a broader $77 billion infrastructure effort. HQ: #Riyadh #SaudiArabia #VentureCapital #Humain #TareqAmin #TradedVC

More Deals

View All

Colossal Biosciences In Talks For Funding Round Targeting $23 Billion ValuationColossal Biosciences, the de-extinction biotech startup known for its efforts to recreate the woolly mammoth and other extinct species, is reportedly in talks to raise new funding at a valuation of roughly $23 billion–$24 billion, according to Axios. The potential raise would mark a significant jump for the five-year-old company, with investors valuing not only its genetic-engineering programs but also its broader genomics, reproductive technology, conservation, and intellectual property platform. Colossal has begun generating revenue through conservation technology sales and technology spinouts, including Astromech, an AI-driven predictive modeling company, and Form Bio, a computational biology platform, expanding its value beyond de-extinction efforts. FOUNDERS: Ben Lamm & George Church TARGET VALUATION: $23,000,000,000 HQ: Dallas, Texas #VentureCapital #ColossalBiosciences #BenLamm #GeorgeChurch #TradedVC