Together towards the future
Our investment in
On September 12, we announced co-leading the $52 million funding round in Mighty Buildings, the California-based leader in modular construction technology, alongside Bold Capital and Khosla Ventures. Established in 2017 with a mission to combat housing and climate crises worldwide, the startup uses polymer composites, 3D printing, and robotic automation to produce affordable, near-zero waste, homes in as less as 2 months.
Focus Areas
Manufacturing
Beautiful, Sustainable Homes For All
Mighty Buildings use innovative material science, robotics, and automation, to make carbon-neutral housing a reality for everyone.
They're Transforming The Way The World Builds
Through innovative 3D printing, robotics, and automation, Mighty Buildings build beautiful, customizable home kits with less waste to have lower carbon footprint than traditionally constructed homes.
Sustainability
Unlocking the Potential of Agriculture in Harsh Environments
Red Sea Farms is reducing the carbon and water footprint of food sector by designing, developing and delivering sustainable agriculture technologies for harsh environments.
They Leverage Saltwater, Novel Humidity Control and Solar Energy to Lower Costs and Improve Yields for Farmers
Red Sea Farms are committed to supporting global food security through sustainable cultivation of nutritious fresh produce. Their technology enables communities to grow food locally and sustainably in places where it wasn't possible before.
Digitalization
Alteia Helps Enterprises Accelerate Their Digital Transformation With Visual Intelligence
Alteia makes products for human-driven analysis of real-world data, accelerated with artificial intelligence, that empower people to solve complex problems.
They Enable Rapid Vision AI Applications Development and Deployment at Scale
Alteia focuses on bringing intelligence to the core of what matters to enterprises at various industries from agriculture and forestry to oil and gas. They have successfully deployed some of the most challenging AI workflows with large footprint, analyzing billions of images and thousands of hours of video streams.
Social Innovation
Bridging SMEs Financing Gaps
Manafa aims to bridge SME financing gaps by arranging investment from a larger segment of local retail and institutional investors. To date, Manafa has funded more than 180 SMEs on its platforms to the tune of SAR1.5 billion in total, with the participation of more than 100,000 retail and institutional investors.
Financial Products Tailored to Fulfill the Needs of SMEs
Manafa provides financial products tailored to fulfill the needs of SMEs in various sectors by offering debt and equity financing based on a crowdfunding model, which allows institutional investors like financial institutions and investment funds or individual investors to access SMEs financing opportunities through debt and equity securities.