In a move that underscores the rising importance of deep tech in energy and infrastructure, Wa’ed Ventures, the venture capital arm of Saudi Aramco, has announced the successful acquisition of Alteia—a leading provider of AI-powered industrial data analytics—by GE Vernova.
Alteia, a standout success story in the IndustrialTech space, has earned global recognition for its innovative use of artificial intelligence to manage and analyze complex industrial data. Backed by a strong technical team, the company has positioned itself as a critical enabler of digital transformation across industrial sectors.
This acquisition highlights the growing global demand for intelligent technologies that enhance operational efficiency and support data-driven decision-making in critical industries such as energy, utilities, and infrastructure.
The transaction marks a successful exit for Wa’ed Ventures, reinforcing its strategy of supporting high-potential deep tech companies and nurturing a robust innovation ecosystem in alignment with Saudi Arabia’s broader goals for industrial and digital transformation.
