E3.Ventures, the leading investment studio specializing in building and accelerating startups, has announced the signing of a strategic partnership with Groq, the global leader in high-performance AI processors.
The partnership focuses on enabling E3.Ventures’ AI startups to access cutting-edge technologies, while ensuring full compliance with Saudi Arabia’s regulatory frameworks and governance standards. This initiative also paves the way for the development of innovative, reliable, and efficient projects that support digital transformation and foster innovation locally and globally.
Key Objectives of the Partnership:
- Empower startups with access to high-performance AI processors and advanced development tools.
- Ensure compliance with Saudi Arabia’s regulatory frameworks and governance standards.
- Accelerate innovation by providing technical expertise and strategic mentorship.
- Develop scalable and secure solutions to drive digital transformation across markets.
- Explore joint opportunities to expand AI adoption across public and private sectors.
Executives’ Statements
Dr. Dhaifallah Al-Wadaani, CEO of E3.Ventures, stated:
“This partnership reflects the joint commitment of E3.Ventures and Groq to supporting the Saudi entrepreneurship ecosystem, aligning with Saudi Vision 2030, which positions artificial intelligence as a cornerstone for growth and innovation.”
Fahad Al-Turaif, Executive Vice President and General Manager of Groq in MENA, said:
“This collaboration enhances the Kingdom’s innovation journey through Groq’s cutting-edge technologies and high-performance processors, enabling startups to develop innovative and reliable solutions that drive digital transformation and reinforce Saudi Arabia’s position as a regional and global hub for AI adoption.”
