OmniOps Secures $8 Million to Advance AI Infrastructure in Saudi Arabia
Deal News | Dec 18, 2024 | Zawya
OmniOps, the pioneering AI Infrastructure Technology provider in Saudi Arabia, has successfully raised SAR 30 million (approximately $8 million) in a funding round led by GMS Capital Ventures. This financial backing positions OmniOps to scale its operations, intensify research and development, and enhance AI infrastructure capabilities across the Kingdom. Led by Saudi entrepreneur Mohammed Altassan, OmniOps is at the forefront of developing energy-efficient, high-performance computing solutions tailored to industry needs. With cutting-edge technologies, OmniOps promises significant reductions in power consumption and notable improvements in workload efficiency for its clients. The funding marks a strategic effort aligned with Saudi Arabia's Vision 2030, aiming to bolster data sovereignty and AI technology. Trusted by major enterprises like Saudi Airlines, OmniOps also collaborates with global tech giants such as NVIDIA and Google Cloud. GMS Ventures, a subsidiary of GMS Holdings, enriches OmniOps with both capital and its expansive global network to solidify its leadership in the Saudi AI landscape.
Sectors
- Artificial Intelligence
- Venture Capital
- Cloud Computing
Geography
- Saudi Arabia – The article focuses on OmniOps, a Saudi Arabian company, and its impact on the AI sector within the country, aligning with national initiatives like Vision 2030.
Industry
- Artificial Intelligence – The article prominently discusses AI technology and infrastructure, focusing on OmniOps' role in advancing AI capabilities in Saudi Arabia.
- Venture Capital – The article describes GMS Ventures' investment in OmniOps, showcasing venture capital activities aimed at scaling and growing AI infrastructure.
- Cloud Computing – OmniOps' offerings include cloud-native high-performance computing solutions, aligning with trends in the cloud computing industry.
Financials
- $8 million – The amount secured by OmniOps in a funding round led by GMS Ventures.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| OmniOps | Target Company | Company | Saudi Arabia-based AI Infrastructure Technology provider focused on developing sustainable, scalable AI solutions. |
| GMS Ventures | Investor | Company | A subsidiary of GMS Holdings, focusing on investment in technology and life sciences sectors. |
| Mohammed Altassan | CEO | Person | Founding CEO of OmniOps, leading the company's strategic direction. |
| Zaid Farekh | Tech Advisor and Board Member | Person | Member of OmniOps' board, providing technological guidance and support. |
| Saudi Airlines | Client | Company | One of the prominent clients of OmniOps, utilizing its AI infrastructure services. |
| CNTXT | Client | Company | A client of OmniOps, partaking in its AI infrastructure solutions. |
| NVIDIA, Google Cloud, AMD, Pure Storage, IBM, HPE, Supermicro, Lenovo | Partners | Company | These global technology companies partner with OmniOps, providing access to advanced technologies. |