Perplexity AI Inc., whose artificial intelligence-powered search engine competes with Google, has raised fresh capital in a deal that values the startup at $18 billion, according to a person familiar with the matter.

Wyld VC, founded by Saudi venture capitalist Tala Al Jabri, has launched with a US$50 million early-stage venture capital (VC) fund in Saudi Arabia, becoming the first artificial intelligence (AI)-focused fund to emerge from the MENA region.  

Saudi-based Wyld VC has launched a $50 million artificial intelligence-focused fund, backed by the family office of Lawrence E. Golub. Founder Tala Al Jabri joins Access Middle East to discuss the region’s technology outlook and the fund’s launch.

Wyld VC, a new early-stage venture capital firm founded by Saudi investor Tala Hasan Al-Jabri, has announced the launch of its inaugural $50 million fund — marking the first AI-native VC fund to emerge from the MENA region.

A Saudi Arabia-based venture capital firm that’s backed by the family office of US billionaire Lawrence Golub is launching a $50 million fund to invest in artificial intelligence startups across the Middle East and the San Francisco Bay Area.

RIYADH: Wyld VC, a new early-stage venture capital firm founded by Saudi investor Tala Hasan Al-Jabri, has announced the launch of its inaugural $50 million fund — marking the first AI-native VC fund to emerge from the MENA region.

View our full feature in Asharq Business.