Aramco Ventures (Saudi Aramco Energy Ventures)
Al-Midra Tower, 11th Floor, West Wing, Dhahran, Ash Sharqiyah, 31311, Saudi Arabia
Overview
Saudi Aramco Energy Ventures is the corporate venture capital arm of Aramco Oil Company. It's mission is to invest globally into start-up and high growth companies with technologies of strategic importance to Saudi Aramco, and to accelerate their development and deployment in Saudi Aramco’s operations. Based out of Dhahran (Saudi Arabia), SAEV also operates through regional offices in North America and Europe. SAEV's Objectives are: - Enhance reserve identification, management and production - Increase energy production - Improve operational efficiency - Increase value in downstream processes - Optimize energy & water consumption in Saudi Arabia SAEV's investment Focus Areas are: - Upstream Oil & Gas - Downstream & Petrochemicals - Sustainability - Digitalization and IR4.0 - New Drivers of Hydrocarbon Demand
- Total investments
- 81
- Lead investments
- 37
- Investments · 12mo
- 10
- Active investors
- 15
Sector focus
- Finance
- Financial Services
- Venture Capital
Investment portfolio
- Twin1
Led · Seed · Aug 2026
Twin1 develops digital twins tailored for lawyers and has just come out of stealth. The company is led by CEO Lewis Z. Liu, previously CEO of Eigen, and co-founded with former Eigen colleagues Tom Cahn and Huiting Liu. Twin1 announced a $20 million Seed round co-led by Bessemer Venture Partners to fund its initial scaling after launch. The articles note the broader context of multiple legal AI companies moving into related areas such as context development, personalization, and knowledge sharing. No operating metrics, valuation, location, or detailed product roadmap were disclosed in the pieces.
- MittiLabs
Led · Series A · Aug 2026
Mitti Labs combines SAR satellite imagery, proprietary field datasets, and AI to create digital twins of individual rice fields that monitor crop conditions, water use, and methane emissions. Since launching its first programs in 2023, the startup grew from working with about 8,000 farmers in its first season to more than 100,000 in the following season and now employs over 150 people. Mitti Labs generates revenue from carbon credits and its GeoAI platform and counts customers such as carbon marketplace Cool Effect, rice producer Ebro Foods, and Syngenta. The company says its programs enable farmers to cut water use by about 40% and reduce methane emissions by more than 50% without affecting yields while creating additional income through carbon credits. With the new funding, Mitti Labs plans to expand into the Philippines later in the year and to Indonesia and other Southeast Asian markets in 2027 to serve compliance carbon markets and broaden its data generation across different ecosystems.
- Together AI
Led · Series C · Jul 2026
Together AI is an AI neocloud founded in 2022 that offers AI-specific infrastructure and tooling to support deployment and usage of open-source models. The company says its platform has driven a tripling of open-source model usage across the industry and reports thousands of paying customers, including Cursor, Cognition, and Decagon. Financially, Together AI reported annual bookings of over $1.15 billion as of its last quarter. Its team includes co-founders Vipul Ved Prakash, Percy Liang, and Ce Zhang. Together AI has raised multiple rounds to date, including a $102.5 million Series A in 2023 and a $305 million Series B about 16 months before this Series C. The company operates amid strong VC interest in neocloud providers and infrastructure for AI model deployment.
- Captura
Participated · Series B · Jun 2026
Captura designs and manufactures a PFAS-free bipolar membrane electrodialysis platform that generates acid and base streams for applications including direct lithium extraction, industrial water treatment, long-duration energy storage, and CO2 management. The platform was originally developed to power Captura’s Direct Ocean Capture (DOC) system, which removes CO2 from seawater for permanent storage or utilization. Captura operates the only U.S.-based production plant that produces complete electrodialysis systems and plans to scale domestic manufacturing capacity following its Series B raise. The company reports that its technology offers greater performance with significantly lower energy consumption and capital costs compared with leading market alternatives. Captura recently secured multiple purchase orders for its first electrodialysis stacks addressing the lithium extraction market, with initial deliveries expected this summer. CEO Steve Oldham says the company is now manufacturing systems for customers while continuing to advance commercial deployment of DOC globally.
- Hang Ten Systems
Participated · Seed · Jun 2026
Hang Ten Systems builds and delivers enterprise AI services focused on software that runs the business, emphasizing continuous building, changing, and running of enterprise software at lower cost and faster timelines. The company uses an AI-native model that includes agentic code generation, a reusable skills library, and an expert FDE Bench to support enterprise transformations in areas such as finance, HR, and new product development. Hang Ten positions itself to replace traditional heavy customization of COTS software by leveraging AI code generation to cut marginal cost and development time. The company was founded and is based in Palo Alto and is led by CEO Dr. Vishal Sikka. Hang Ten announced marquee customers including Siemens Gamesa Renewable Energy and Fresenius and is expanding its team across delivery, engineering, sales, and leadership. Its recent $32 million seed raise will fund that growth and scale its work with global enterprises.