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Wa'ed invests in Fathom Solutions

The Saudi Aramco Entrepreneurship Center (Wa’ed) has invested in Fathom Solutions with an undisclosed sum of money, it has been announced. Fathom Solutions was established in 2019 by Ibrahim Al-Baloud, and began in the oil and gas industry but has since expanded to cover all aspects of the industrial market. Using machine learning model training, it develops and deploys
Saudi Arabia Ibrahim Al Baloud Fahad Alidi Saudi Aramco Entrepreneurship Center Waed Saudi Ministry Of Investment Fathom Solutions

Wa'ed startup grants hit over $5.6m after third roadshow event

Wa’ed, the entrepreneurship arm of Aramco, has poured more than SR21 million ($5.6 million) into Saudi-based startups on its third national roadshow stop in Jeddah. The event follows two previous stops held in Al-Jubail and Yanbu industrial cities, where the Aramco unit pledged a number of loans and seed grants to eleven Saudi-based startups. Managing director Fahad Alidi said
Al Jubail Ash Sharqiyah Saudi Arabia Al Madinah Fahad Alidi Fathom Solutions

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