STV launches Google-backed AI fund that it sizes at $100m
By Cicada DeskEvent date: 1 min read
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In brief
Saudi venture firm STV announced an AI fund backed by Google and sized by STV at $100 million.
Saudi venture firm STV announced an AI fund backed by Google and sized by STV at $100 million. The fund will invest in early-stage AI-native startups across the Middle East and North Africa, focusing on the application layer, localized models and supporting infrastructure.
STV said AI startups received only 1.5% of MENA venture funding in 2024, versus 38% in the US.
Key figures
- $100mfund size (per STV)
Sources
This report is compiled from the sources below. Cicada links to every source we rely on.
- 1Google Backs STV's $100 Million AI Fund to Enable AI-Native Startups in the Middle East & North Africa STV · 14 May 2025
- 2Google joins forces with STV to boost AI innovation in MENA Wamda · 14 May 2025
Archive report. Written in 2026 from contemporary sources and dated to the day the event happened.
Cite this story
Cicada Desk. "STV launches Google-backed AI fund that it sizes at $100m". Cicada, 14 May 2025. https://cicadaconsultancy.online/en/news/stv-google-100m-ai-fund-2025
Free to quote and reuse with attribution under CC BY 4.0.
