Red Sea Global and Bunat VC Launch Saudi-Focused AI Venture Fund

Red Sea Global (RSG) has partnered with Bunat Ventures Limited (Bunat VC) to launch a new venture fund dedicated to backing AI-driven startups in Saudi Arabia. The fund will target early- and growth-stage companies that are either AI-native or use artificial intelligence as a core business enabler, with plans to invest in around 25 startups over the next three years.

The initiative will prioritize Saudi-based founders and Saudi-founded companies expanding globally into the Kingdom. In addition to capital, portfolio companies will gain access to RSG’s operational environments, including The Red Sea and AMAALA, allowing startups to pilot and validate AI solutions in real-world settings. Sultan Moraished, Group Head of Technology and Corporate Excellence at RSG, and Khaled Zainalabedin, CEO and Managing Partner at Bunat VC, said the partnership is designed to strengthen the Kingdom’s AI ecosystem by accelerating innovation, talent development, and the creation of national and regional AI champions.

Featured image: Credit: Bunat Ventures Limited

Need Deeper Intelligence on the AI Market?

AI Insider's Market Intelligence platform tracks funding rounds, competitive landscapes, and technology trends across the global AI ecosystem in real time. Get the data and insights your organization needs to make informed decisions.

Related Articles

LimX Dynamics Closes $200M Pre-IPO Funding Round

Insider Brief LimX Dynamics annnounced it has raised nearly $200 million in pre-IPO financing to scale its humanoid robotics business and expand internationally. According to

AI Trends in 2026: Investment, Competition and Adoption

Halfway through 2026, the story of artificial intelligence has quietly changed shape. The early narrative, dominated by chatbots and model releases, has given way to

PoliTraQ’s Chris Moffatt Armes on AI, Advocacy, and the Future of Government Relations

What happens when government relations professionals stop chasing information and start commanding it? That question sits at the heart of PoliTraQ, a Canadian government relations platform

Stay Updated with AI Insider

Get the latest AI funding news, market intelligence, and industry insights delivered to your inbox weekly.

$ 0 M

Seed round tracked

Gitar — Code Validation

Get the Weekly Briefing

Funding analysis, market intelligence, and industry trends delivered to your inbox every week.

Need bespoke intelligence?

Our team combines real-time data with decades of sector experience to guide your decisions.

Subscribe today for the latest news about the AI landscape