Wa’ed Ventures, Aramco’s $500M VC arm, and Tali Ventures, the investment vehicle of stc Group, have co-led a $19 million Series B extension in Graphiant, a pioneering US-based Network-as-a-Service (NaaS) company.
This investment is part of a broader $102 million Series B round, with participation from Sequoia Capital, Two Bear Capital, and IAG Capital Partners.
Founded in 2020 by Khalid Raza, Graphiant offers a next-gen cloud-native platform that delivers secure, high-performance enterprise connectivity across hybrid and multi-cloud environments.
As part of the agreement, Graphiant will establish its regional headquarters in Riyadh, supporting Saudi Arabia’s vision to become a global hub for emerging technologies.
This aligns with Wa’ed Ventures’ strategy tolocalise top-tier global tech companies and bolster Saudi Arabia’s digital infrastructure and AI ecosystem.
With 13+ patents and deployments at global enterprises like Sony Pictures and Valmont, Graphiant is positioned at the forefront of secure and scalable enterprise networking.
Anas Algahtani, Acting CEO of Wa’ed Ventures, commented:
“Graphiant is solving fundamental challenges for digital transformation. We are excited to support their strategic expansion into Saudi Arabia.”
Khalid Raza, Founder and CEO of Graphiant, stated:
“Saudi Arabia is rapidly becoming a global epicenter for innovation. This strategic partnership marks a pivotal chapter for Graphiant.”
Motaz Alangari, Chief Investment Officer at stc Group, added:
“Graphiant’s approach aligns with our mission to localise advanced digital capabilities and deliver scalable connectivity solutions for both public and private sectors.”
The global Network-as-a-Service market is projected to exceed $92 billion by 2030, driven by the growing need for AI-ready, flexible connectivity, a challenge Graphiant is uniquely equipped to address.
