Humain Targets $10B VC Fund for Global Startup Investments
▼ Summary
– Saudi Arabia’s state-owned AI company, Humain, plans to launch a $10 billion venture fund, Humain Ventures, targeting startups in the U.S., Europe, and Asia.
– Humain is in discussions with major U.S. firms, including Andreessen Horowitz, OpenAI, and xAI, and exploring a potential equity stake sale in its data center business.
– The company’s CEO, Tareq Amin, mentioned talks with prominent but unnamed data center firms, calling them “massive names in the data center segment.”
– Humain was launched recently ahead of a U.S. presidential visit, benefiting from a new initiative allowing U.S. tech suppliers like Nvidia and AMD to partner with Saudi firms.
– Humain has already secured deals with Qualcomm, Nvidia, AMD, and Amazon, aiming for 1.9 gigawatts of data center capacity and 7% of global AI processing by 2030 at a $77 billion cost.
Saudi Arabia’s state-backed AI firm Humain is preparing to launch a massive $10 billion venture capital fund aimed at global startup investments. The fund, named Humain Ventures, will target emerging tech companies across the U.S., Europe, and Asia, according to CEO Tareq Amin.
Discussions are already underway with prominent U.S. firms, including venture capital giant Andreessen Horowitz, OpenAI, and Elon Musk’s xAI. Additionally, Humain is exploring potential partnerships with major players in the data center industry, though specific names remain undisclosed. Amin described these potential partners as “significant leaders in the sector.”
The company’s launch coincides with strengthened U.S.-Saudi tech collaboration, following recent policy shifts allowing American semiconductor suppliers like Nvidia and AMD to engage with Saudi firms. Humain has already secured partnerships with tech heavyweights including Qualcomm, Amazon, and chipmakers Nvidia and AMD.
With ambitious expansion plans, Humain aims to develop 1.9 gigawatts of data center capacity by 2030, positioning itself to handle 7% of the world’s AI training and inferencing workloads. Achieving this goal is projected to require an investment of approximately $77 billion, reflecting Saudi Arabia’s aggressive push into the global AI and infrastructure markets.
(Source: TechCrunch)
