Through this investment, Alteia will increase its presence in Saudi Arabia by opening an office in Dhahran to support some of the leading industrial companies in the MENA region.
RIYADH: Alteia, a European artificial intelligence and industrial software company, announced that it closed its latest funding round led by Wa’ed Ventures, Saudi Aramco’s venture capital arm. Alteia will utilize its funding to increase its presence in the Kingdom by opening an office in Dhahran to support companies in the region as well as invest in research and development.