US network connectivity startup Graphiant has secured funding from the venture capital units of Saudi Aramco and Saudi Telecom Company (STC), as it plans to open a regional headquarters in Riyadh.
Aramco’s Wa’ed Ventures and STC Tali Ventures have invested a combined $19 million, bringing total series B funding to $102 million, Graphiant said in a statement.
The announcement comes after US President Donald Trump’s visit to Saudi Arabia, the UAE and Qatar last week, where trillions of dollars worth of deals were signed.
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