Wa’ed Ventures invests in Terra Drone
Terra Drone, the Japan-based leading drone and Urban Air Mobility technology (UAM), announces closing a $14 million bridge round led by Wa’ed Ventures, the Kingdom-focused venture capital arm of Aramco.
Saudi based intelligent traffic systems, Hazen.ai plans to go global
Hazen.ai, a maker of intelligent traffic systems that use Artificial Intelligence (AI) technologies to improve road safety, has received a follow-on investment from Wa’ed, the entrepreneurship arm of Aramco to engage new global customers as its initial projects mature and go into deployment.