Saudi VC Wyld Launches $50 Million Fund Targeting AI Startups

Saudi-based venture capital firm Wyld VC has announced the launch of a $50 million fund dedicated to early-stage artificial intelligence startups. The fund will focus on fostering innovation in both the Middle East and the San Francisco Bay Area, with the aim of connecting regional startups to US-based talent and technological resources.

The initiative has secured backing from the family office of US billionaire Lawrence Golub, underscoring growing interest among American investors in cross-border tech collaboration. With operations based in Saudi Arabia, Wyld VC is also preparing to expand its footprint by opening offices in the United Arab Emirates and Silicon Valley.

Wyld's new fund is part of a broader strategy to deepen ties between Gulf countries and the United States in the AI sector.