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Wa'ed invests $500,000 in Saudi drone operator FalconViz

Wa’ed, the entrepreneurship arm of Saudi Aramco, has invested $500,000 in Saudi Arabia-based drone operator FalconViz, marking. ....

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Aramco's entrepreneurship arm boosts investment in drone operator

RIYADH: The entrepreneurship arm of Saudi Aramco has invested a further $500,000 in a Saudi drone operator to help scale its operations to expand overseas, it was announced on Wednesday.
Wa’ed’s first investment in FalconViz came in 2016, and the new funding will help the company grow in Europe, the US, and Africa.
The firm, based at King Abdullah University of Science and Technology (KAUST), north of Jeddah, offers a range of drone services, including 3-D surveying and mapping, inspections, construction monitoring, and data visualization.
Its drones have multiple uses including for land surveying, mining, urban development, and cultural heritage assessments. FalconViz’s clients include BCG, HSBC, Neom, and the Saudi Ministry of Culture. Its drones were also used by the city of Jeddah to survey 250,000 square meters of the historic Al-Balad Old Town neighborhood to support the city’s UNESCO World Heritage Site application. ....

Ash Sharqiyah , Saudi Arabia , Ar Riya , Al Madinah , Wassim Basrawi , Mohamed Shalaby , Adwa Al Dakheel , Salmant Jaffrey , Saudi Aramco , Saudi Ministry Of Culture , Royal Commission For Jubail , King Abdullah University Of Science , Authority Of Civil Aviation , King Abdullah University , Saudi Ministry , Al Balad Old Town , Heritage Site , Wa Ed Ventures , General Authority , Falak Investment Hub , Royal Commission , Al Ahsa , Al Kharj , Khalij Times , Gulf News , Saudi Gazette ,

Saudi Aramco's Wa'ed signs deal to boost venture capital investment

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Falak & Wa'ed Sign MoU to Fund More Saudi Startups Through VC Deals

Falak & Wa'ed Sign MoU to Fund More Saudi Startups Through VC Deals
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