Saudi Arabia’s HUMAIN to launch a $10 billion VC fund this summer, one of the largest capital pools globally dedicated to AI startups.
The fund, Humain Ventures, will invest across the US, Europe, and Asia, with an explicit goal of placing Saudi Arabia at the heart of the global AI ecosystem.
Backed by the $940 billion Public Investment Fund (PIF), the vehicle is part of the Kingdom’s broader push to own a meaningful stake in the AI stack, from infrastructure and chips to model development and startup capital.
Tareq Amin, CEO of Humain, confirmed the fund’s launch in an interview with the Financial Times. He said the company is in talks with OpenAI, xAI, and Andreessen Horowitz – and is actively seeking a US tech company to take equity in its data centre arm.
Since launching earlier this month, Humain has already signed $23 billion in deals with NVIDIA, AMD, Amazon Web Services (AWS), and Qualcomm. The group is targeting 1.9GW of capacity by 2030, with plans to process 7% of global AI training and inference. Amin described the VC fund as a critical extension of that ambition.
What does HUMAIN do?
HUMAIN’s remit spans:
AI factories: hyperscale compute centers powered by NVIDIA Grace Blackwell chips (first deployment: 18,000 GPUs, 500MW projected compute)
Sovereign cloud and AI infrastructure tailored for public and private sector use
Multimodal Arabic LLMs, trained locally
Embedded AI devices and enterprise-grade AI agents
Talent development via Omniverse-powered training programs
Read more: Saudi Arabia launches HUMAIN to anchor AI leadership, signs landmark deals with NVIDIA, AMD, and AWS
Read more: New Saudi-based AI specific VC funds
