UnitX, a KAUST spin-out startup focusing on cloud-based supercomputing, has secured $2 million in co-investment from the KAUST Innovation Fund and Saudi Aramco’s Wa’ed Ventures Fund. UnitX aims to democratize supercomputing by partnering with institutions to make spare supercomputing capacity available via the cloud. The funding will support UnitX in helping enterprises leverage high-performance data analytics and AI at scale, particularly in underserved industry verticals in Saudi Arabia. Why it matters: This investment highlights the growing focus on AI infrastructure and supercomputing accessibility in Saudi Arabia, enabling broader adoption of advanced technologies across various sectors.
KAUST startup UnitX, founded by KAUST alumni Kiran Narayanan and Professor Ravi Samtaney, offers on-demand supercomputing services via a cloud-like platform. UnitX aims to democratize access to supercomputing for industries like finance, government, and manufacturing, enabling data-driven decisions and faster product design. The global market for supercomputing as a service is estimated at $224 billion with 25% year-on-year growth. Why it matters: This initiative could significantly boost AI and simulation capabilities for regional enterprises by providing access to advanced computing resources without the prohibitive costs of owning and operating supercomputers.
Three KAUST startups, iyris, Oaesis, and UnitX, were selected in the top 10 at the Startup Istanbul international competition out of 90,000 applicants. iyris secured third place with its technology, while Oaesis developed a laser-based energy-efficient lighting system for indoor farms. KAUST supports emerging companies from ideation to marketing and financial support. Why it matters: This showcases KAUST's role in fostering innovation and contributing to Saudi Arabia's knowledge-based economy by supporting promising startups on the global stage.