OmniOps secures $8mln funding from GMS Ventures to scale AI infrastructure in Saudi Arabia

Deal News | Dec 18, 2024 | Zawya

OmniOps secures $8mln funding from GMS Ventures to scale AI infrastructure in Saudi Arabia

OmniOps, a pioneering AI Infrastructure Technology provider based in Saudi Arabia, has successfully concluded an SAR 30 million (approximately $8 million) funding round, courtesy of GMS Capital Ventures. This significant financial injection is aimed at expanding OmniOps' operations, bolstering research and development, and advancing artificial intelligence infrastructure capabilities across Saudi Arabia. The company, founded in 2024 by Mohammed Altassan, is strategically invested in energy-efficient high-performance computing (HPC) clusters that cater to unique client requirements. Additionally, OmniOps is developing a sovereign AI Inference cluster integrated with advanced ML Ops features, enhancing AI deployment while optimizing GPU power consumption by up to 50% and improving workload speed multiple times over. This will lead to improved GPU inference efficiency, reflecting a symbiotic enhancement in power management and overall cost-effectiveness. With Vision 2030 emphasizing AI and technology, this growth is aligned with national strategies for data privacy and local content integration across crucial sectors. Anchored by collaborations with global tech giants like NVIDIA and Google Cloud, OmniOps is positioned to lead Saudi Arabia's AI evolution. GMS Ventures, fueled by its extensive domain expertise, is committed to supporting this promising precision growth, ultimately strengthening OmniOps' leadership within the Saudi AI ecosystem.

Sectors

  • Artificial Intelligence
  • High-Performance Computing (HPC)
  • Investment

Geography

  • Saudi Arabia – OmniOps is based in Saudi Arabia, and the funding aligns with the country's Vision 2030 focusing on AI technology enhancement.

Industry

  • Artificial Intelligence – OmniOps specializes in AI infrastructure technology, focusing on scalable and efficient AI solutions in Saudi Arabia.
  • High-Performance Computing (HPC) – OmniOps develops sustainable HPC clusters, crucial for their AI and cloud-native infrastructure offerings.
  • Investment – GMS Ventures is investing in OmniOps, indicating their role in providing financial backing for AI technology expansion.

Financials

  • $8 million – Funding provided by GMS Ventures to OmniOps to enhance AI infrastructure capabilities.

Participants

NameRoleTypeDescription
OmniOpsTarget companyCompanyA Saudi Arabian AI Infrastructure Technology provider focused on scalable AI solutions and HPC clusters.
GMS VenturesFunding providerCompanyA subsidiary of GMS Holdings, focusing on investments in technology and life sciences industries.
Mohammed AltassanFounding CEOPersonFounder and CEO of OmniOps, leading the company toward AI infrastructure excellence.
Saudi AirlinesClientCompanyAn enterprise client using OmniOps' AI infrastructure services.
CNTXTClientCompanyA client utilizing OmniOps' AI infrastructure services.
Zaid FarekhTech advisor and board memberPersonStrategic advisor contributing to the technological guidance at OmniOps.