Aramco Ventures
Profile, fund size and portfolio
Parent Saudi Arabian Oil Company (Aramco)HQ Dhahran, Saudi ArabiaFounded 2012
Aramco Ventures is the corporate venture arm of Saudi Arabian Oil Company (Aramco) (integrated energy and chemicals). It was founded in 2012 and is based in Dhahran, Saudi Arabia. It invests from Seed to Late stage in artificial intelligence and analytics, robotics and automation, additive and advanced manufacturing.
- Commitment by parentS1
- USD 7.5bn
Every figure links to its source
Snapshot
Data behind this graphic
| Item | Value |
|---|---|
| Stage range | Seed to Late stage |
| Sectors | Artificial intelligence and, Robotics and automation, Additive and advanced manufacturing, Upstream and downstream technologies, Carbon management and storage, Hydrogen, ammonia and low-carbon |
| Geography | Global ; Wa'ed Ventures invests in Saudi Arabia |
| Offices | Dhahran, Saudi Arabia, Houston, United States, Palo Alto, United States, New York, United States, Boston (Somerville), United States, London, United Kingdom, Oslo, Norway, Beijing, China, Shanghai, China, Bangalore, India |
Sources: S6 Aramco Ventures site REST feed: programs_fund (4 programmes).
Data behind this graphic
| Item | Companies | Share |
|---|---|---|
| industrial | 10 | 13.7% |
| carbon-management | 10 | 13.7% |
| upstream | 9 | 12.3% |
| ai-analytics | 9 | 12.3% |
| renewables-energy-storage | 8 | 11% |
| hydrogen-amonia-low-carbon-fuels | 5 | 6.8% |
| cybersecurity | 5 | 6.8% |
| energy-efficiency | 4 | 5.5% |
| enterprise-software | 4 | 5.5% |
| additive-manufacturing | 3 | 4.1% |
| blockchain | 3 | 4.1% |
| water-air-quality | 2 | 2.7% |
| greenhouse-gas-measurement | 1 | 1.4% |
A company can carry more than one tag
Sources: S21 Existing fact-checked profile (internal): profiles/aramco-ventures.md, rosters as of 2026-09-30.
Data behind this graphic
| Measure | Value | Unit | Kind | Source |
|---|---|---|---|---|
| Headline size | USD 7.5bn | Commitment by parent | Stated by the firm or its parent | S1 |
| Companies backed | 105 | companies | Reported in the press | S10 |
| Companies on the firm's portfolio page | 127 | companies | Counted from the firm's own list | S21 |
Sources: S1 Aramco Ventures site: home; S10 Global Venturing: Aramco Ventures AI investments, Aladel interview (2024-05-30; 105 active portfolio companies, fund list); S21 Existing fact-checked profile (internal): profiles/aramco-ventures.md, rosters as of 2026-09-30.
Where it invests and who leads it
Geography
- Headquarters
- Dhahran, Saudi Arabia
- Offices
- Dhahran, Saudi Arabia
- Houston, United States
- Palo Alto, United States
- New York, United States
- Boston (Somerville), United States
- London, United Kingdom
- Oslo, Norway
- Beijing, China
- Shanghai, China
- Bangalore, India
Investment regionsS6
- Global ; Wa'ed Ventures invests in Saudi Arabia
LeadersS2
- Mahdi AladelChief Executive OfficerLinkedInFirm page
- Meshal MashariExecutive Managing Director, Late Stage VenturingLinkedInFirm page
- Zayed AlamriExecutive Managing Director, Strategic VenturingLinkedInFirm page
- Raed TwailyExecutive Managing Director, Prosperity7LinkedInFirm page
- Bruce NivenChief Investment OfficerLinkedInFirm page
Key facts
| Fact | Value | Status | Source |
|---|---|---|---|
| Parent company | Saudi Arabian Oil Company (Aramco) | Single source | S7 |
| Parent industry | Integrated energy and chemicals | Single source | S7 |
| Founded | 2012 | Single source | S9 |
| Headquarters | Dhahran, Saudi Arabia | Single source | S4 |
| Status | Active | Single source | S14 |
| Capital source | Parent company only | Single source | S13 |
| Headline size | USD 7.5bn (Commitment by parent) | Single source | S1 |
| Companies backed | 105 | Single source | S10 |
| People on the team page | 49 | Single source | S5 |
| Stages | Seed, Series A, Series B, Series C+, Growth, Late stage | Single source | S6 |
Fund vehicles
| Vehicle | Size | Year | Note | Source |
|---|---|---|---|---|
| Saudi Aramco Energy Ventures (initial budget) | USD 500M | 2012 | Initial budget per existing profile citing Global Venturing 2012; not re-read in the 2012 article text | S9 |
| Digital/Industrial Fund | USD 500M | Before January 2024 injection | S7 | |
| Prosperity7 Fund I | USD 1bn | Raised to USD 3 billion program in Jan 2024 | S7 | |
| Sustainability Fund | USD 1.5bn | 2022 | Announced October 2022 at FII | S8 |
| Prosperity7 Fund II | USD 2bn | GCV 2024-05-30 list | S10 | |
| Late-Stage Fund | USD 2bn | GCV 2024-05-30 list | S10 | |
| Wa'ed Ventures | USD 500M | Saudi domestic fund; the release spells it Wa'ad Ventures | S7 | |
| Prosperity7 program expansion | USD 3bn | 2024 | Prosperity7 site: fund size increased from USD 1 billion to USD 3 billion | S12 |
Portfolio
The firm's portfolio page lists 127 companies: 112 active, 15 exited.S21
The firm also states 105 companies backed. The page list and the stated total measure different things.S10
| Tag | Companies | Share |
|---|---|---|
| Active | 112 | 88.2% |
| Exited | 15 | 11.8% |
| Tag | Companies | Share |
|---|---|---|
| industrial | 10 | 7.9% |
| carbon-management | 10 | 7.9% |
| upstream | 9 | 7.1% |
| ai-analytics | 9 | 7.1% |
| renewables-energy-storage | 8 | 6.3% |
| hydrogen-amonia-low-carbon-fuels | 5 | 3.9% |
| cybersecurity | 5 | 3.9% |
| energy-efficiency | 4 | 3.1% |
| enterprise-software | 4 | 3.1% |
| additive-manufacturing | 3 | 2.4% |
| blockchain | 3 | 2.4% |
| water-air-quality | 2 | 1.6% |
| greenhouse-gas-measurement | 1 | 0.8% |
Every company on the Aramco Ventures list
127 companies, as listed on the firm's own website: 112 active, 15 exited.S21 Read the firm's list.
Active 112
- 3YOURMIND
- 908 Devices
- acceldata.io
- Aeroseal
- Amogy
- analog-inference.com
- Antech
- ANYbotics
- appomni.com
- arcee.ai
- Archlet
- Arkestro
- arrcus.com
- AttackIQ
- avicena.tech
- Boston Metal
- callsign.com
- Captura
- Carbon Clean
- cart.com
- celona.io
- cequence.ai
- Clarke Valve
- cohere.com
- ConXtech
- Corrosion Radar
- cowbell.insure
- Cumulus Digital Systems
- Daphne Technology
- Data Gumbo
- Desktop Metal
- DexMat
- Dragos
- Earth Science Analytics
- en.cispoly.com
- Energy Vault
- EnerVenue
- enfabrica.net
- Enterprise AI applications company (name not on page; logo is Beyond Limits)
- exostellar.io
- fenbeitong.com
- Form Energy
- Fortanix
- fourierintelligence.com
- froresystems.com
- GetUpside
- Grabango
- Grand Perspective
- Graph Energy Tech
- hammerspace.com
- hongjingdrive.com
- HT Materials Science
- HydoTech
- Hydrogen Mem-Tech
- Inductosense
- InflowControl
- insilico.com
- jakarobotics.com
- jiandanxinli.com
- keenonrobot.com
- kognitos.com
- lightelligence.ai
- lineaje.com
- neuramatrix.com.cn
- Nexa3D
- NexWafe
- nilesecure.com
- noahmed.com
- Noon Energy
- Numat Technologies
- opsera.io
- OXCCU
- Paradigm Drilling Services
- Parallel Carbon
- PixoVR
- pragmaticsemi.com
- Promethean Particles
- prophesee.ai
- quicktron.com.cn
- reddatetech.com
- REDEX
- rescale.com
- Rondo Energy
- Seeq
- sifive.com
- signalwire.com
- singlestore.com
- snorkel.ai
- Specialty RTP
- Spiritus
- streamnative.io
- Strohm
- sunrate.com
- Syzygy Plasmonics
- tensorwave.com
- together.ai
- TradeGo
- tryjeeves.com
- Ucaneo
- Utilidata
- Utility Global
- Vakt
- virtaitech.com
- vowfood.com
- wasabi.com
- Well-Sense Technology
- wherobots.com
- Xage Security
- Xpansiv
- Zahroof Valves
- zededa.com
- zilliz.com
Exited 15
- Capsule8
- elroyair.com
- FogHorn
- Gryphon Oilfield Solutions
- Maana
- Novomer
- OxyMem
- Parsable
- rain.ai
- Rive Technology
- Sekal
- Target Intervention
- taulia.com
- Veretek
- Zilift
Notable outcomes
IPOs and acquisitions of portfolio companies. Price shown only where published.
| Company | Type | Year | Acquirer or exchange | Price | Source |
|---|---|---|---|---|---|
| Novomer | Acquisition | 2022 | Danimer Scientific | S21 | |
| OxyMem | Acquisition | Dow-DuPont | S21 | ||
| Rive Technology | Acquisition | 2019 | W. R. Grace | S21 | |
| FogHorn | Acquisition | Johnson Controls | S21 | ||
| Maana | Acquisition | SparkCognition | S21 | ||
| Capsule8 | Acquisition | Sophos | S21 | ||
| Parsable | Acquisition | CAI Software | S21 | ||
| Zilift | Acquisition | Schlumberger | S21 | ||
| Gryphon Oilfield Solutions | Acquisition | Vertice Oil Tools | S21 | ||
| Sekal | Acquisition | Sumitomo Corporation | S21 | ||
| Veretek | Acquisition | Hearst | S21 | ||
| Target Intervention | Acquisition | TAQA | S21 | ||
| Desktop Metal | IPO | NYSE: DM | S21 | ||
| Energy Vault | IPO | NYSE: NRGV | S21 | ||
| 908 Devices | IPO | NASDAQ: MASS | S21 |
Recent rounds
| Date | Company | Round | Amount | Led by the firm | Source |
|---|---|---|---|---|---|
| 2026-09-01 | Together AI | Not stated | USD 800M | S14 | |
| 2026-09-01 | Twin1 AI | Seed | USD 20M | S15 | |
| 2026-09-01 | Hang Ten Systems | Seed | USD 32M | S16 | |
| 2025-05-14 | Arkestro | Not stated | USD 36M | S17 | |
| 2024-08-14 | Promethean Particles | Series A | GBP 8M | S18 | |
| 2024-05-23 | Xpansiv | Capital raise | Not stated | S19 | |
| 2023-10-31 | REDEX | Series A | USD 10M | S20 |
For founders
History
- Saudi Aramco Energy Ventures launched (July).S9
- Mahdi Aladel becomes CEO (1 August).S13
- USD 1.5 billion Sustainability Fund announced (26 October).S8
- USD 4 billion added; total venture allocation USD 7.5 billion (17 January); Prosperity7 program raised to USD 3 billion.S7
- Bangalore office added (August); Together AI USD 800M round led (September).S4
Where sources disagree
- Headline size: USD 7.5 billion in committed capital (site home) (S1) vs USD 7 billion capability 2024 to 2027, USD 7.5bn total allocation including Wa'ed (Aramco release 2024-01-17) (S7) vs USD 7.5 billion assets under management (CEO interview 2026-09-13) (S13). Same total, different labels; Wa'ed USD 500M is inside the 7.5bn but outside the 7bn.S1S7S13
- Companies backed: 105 active portfolio companies (Global Venturing, 2024-05-30) (S10) vs 73 cards on aramcoventures.com plus 54 companies on prosperity7vc.com (2026-09-30) (S21) vs about 170 (speaker at FII panel, Oct 2025; video, not used as a quote) (S21). Different dates and counting bases.S10S21S21
Official pages
Read the firm's own pages for current information.
- Website aramcoventures.com/
- Portfolio aramcoventures.com/portfolio/
- LinkedIn company page linkedin.com/company/aramcoventures/
Sources
- S1Aramco Ventures site: homeFirm
- S2Aramco Ventures site: our team (leadership with LinkedIn links)Firm
- S3Aramco Ventures site: portfolio page (73 cards)Firm
- S4Aramco Ventures site REST feed: location (10 offices)Firm
- S5Aramco Ventures site REST feed: team (49 records, category and region taxonomy)Firm
- S6Aramco Ventures site REST feed: programs_fund (4 programmes)Firm
- S7Aramco release: USD 4bn injection, total allocation USD 7.5bn (2024-01-17)Parent company
- S8Aramco release: USD 1.5bn Sustainability Fund (2022-10-26)Parent company
- S9Global Venturing: Saudi Aramco officially launches unit (2012-07-11)Press
- S10Global Venturing: Aramco Ventures AI investments, Aladel interview (2024-05-30; 105 active portfolio companies, fund list)Press
- S11Prosperity7 Ventures site: portfolio (54 companies)Firm
- S12Prosperity7 Ventures site: program expansion to USD 3 billion (2024-01-17)Firm
- S13Aramco Ventures site: interview with CEO, USD 7.5 billion AUM (2026-09-13)Firm
- S14Aramco Ventures site news: Together AI raises USD 800M, round led by Aramco Ventures (2026-09-01)Portfolio company
- S15Aramco Ventures site news: Twin1 AI USD 20M seed co-led (2026-09-01)Portfolio company
- S16Aramco Ventures site news: Hang Ten Systems USD 32M seed (2026-09-01)Portfolio company
- S17Aramco Ventures site news: Arkestro USD 36M (2025-05-14)Portfolio company
- S18Aramco Ventures site news: Promethean Particles GBP 8M Series A (2024-08-14)Portfolio company
- S19Aramco Ventures site news: Xpansiv capital raise led by Aramco Ventures (2024-05-23)Portfolio company
- S20Aramco Ventures site news: REDEX USD 10M Series A led (2023-10-31)Portfolio company
- S21Existing fact-checked profile (internal): profiles/aramco-ventures.md, rosters as of 2026-09-30Firm
Disclaimer and corrections
Not affiliated. This page is not affiliated with, endorsed by or sponsored by Aramco Ventures or any company named on it. Names and trademarks belong to their owners. Informational only. This is a public-source reference. It is not investment, legal or tax advice and not an offer or solicitation. Sources. Each figure names its source. Figures may have changed. Please read the firm's official pages, linked above. Corrections and takedown. To report an error or ask for a change or removal, use the correction form or email Richard@CorporateVentureCapital.com.
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