KAUST has announced the call for applications for the Al-Khwarizmi doctoral fellowships. The fellowships offer stipends, free tuition, and supplementary grants for Ph.D. studies at KAUST. The fellowships are open to nationals or residents of the 47 member states of the Council of Europe holding an MSc degree. Why it matters: This program aims to attract top international talent to KAUST, fostering research and development in science and technology within Saudi Arabia.
Saudi Arabian generative AI startup Newera.ai has raised $2.1 million in a pre-seed funding round led by Khwarizmi Ventures. Participants also included angel investors and strategic firms. The company plans to use the funds to develop their technology and expand their reach in the Saudi market. Why it matters: This funding signals increasing investor interest in local AI startups addressing regional needs within Saudi Arabia.
Red Sea Farms, a Saudi AgTech company based at KAUST, secured a $10 million venture capital investment from Saudi and UAE investors. Their technology enables commercial farming using primarily saltwater, reducing freshwater consumption by 85-90%. The funding will be used to expand operations in Saudi Arabia, building more than six hectares of commercial farming facilities. Why it matters: This investment signals growing interest in sustainable AgTech solutions within the Gulf region to enhance food security and combat supply chain disruptions.
KAUST PhD student Amal Aboulhassan founded MaterialSolved, a startup created with support from the KAUST New Ventures Accelerator. The startup's focus area is not specified in the provided text. Why it matters: KAUST's efforts to translate research into startups highlights the increasing focus on commercializing academic innovation within the Kingdom.
Virgin Hyperloop is collaborating with Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) in Abu Dhabi to develop an AI-powered operating system for its hyperloop transport system. The operating system aims to optimize the hyperloop's operations, including fleet management and vehicle movement, for the proposed 1,080 kph system. Co-founder Josh Giegel highlighted the Gulf's keen interest and involvement in the project, with Dubai's DP World being a major investor. Why it matters: This partnership signifies the UAE's growing role in cutting-edge transportation technology and the application of AI in optimizing complex systems, potentially revolutionizing regional and global transport.