# Aramco Ventures: portfolio, investments and team

> Aramco Ventures is a corporate vc based in Saudi Arabia. 60 investments on record, 14 in the last 12 months, latest Sept 2026.

Source: https://millionrounds.com/fund/aramco-ventures (Millionrounds; every figure on the page links to its filing or article)

Saudi Arabia · [Investor](https://millionrounds.com/investors)

# Aramco Ventures

Last cheque observed Sep 2026; 60 cheques on record.

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Corporate VC Deploying now

Growth Energy Chemicals Digital

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Deploying now

**88%** of best year **14** **cheques in 12 months**, 60 on record

Since the last cheque **49** days **00** hrs **00** min **00** sec

Median round **$27M** Rounds led **4 of 60** Sole investor **10 rounds** Mostly in **United States, 58%**

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## Aramco Ventures highlights

- 01 14 cheques in the last 12 months
- 02 Mostly Venture and Series A: 56% of its rounds
- 03 Sole investor in 10 rounds, median $28M

## What they do

> Aramco Ventures is the corporate venturing arm of Aramco, a world leading integrated energy and chemicals company. From their own website

- **Type:** Corporate VC
- **Cheque size:** Not stated
- **Stages:** Growth
- **Sectors:** Energy Chemicals Digital
- **Based in:** Dhahran, Saudi Arabia
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **60 appearances**

- **2026** 13 rounds
- **Sept** **[Hang Ten Systems](https://millionrounds.com/company/hang-ten-systems)** Seed · Ventureburn **$53M** With 2 others
- **Aug** **[Emerald AI](https://millionrounds.com/company/emerald-ai)** Series A · US · QRM Capital **$150M** With 15 others
- **Aug** **[Twin1 AI](https://millionrounds.com/company/twin1-ai)** Seed · US · TechStartups **$20M** *Led*
- **Jul** **[Together AI](https://millionrounds.com/company/together-ai)** Series C · US · TechCrunch **$800M** *Led*
- **Jul** **[Captura](https://millionrounds.com/company/captura)** Venture · US **$54M** With 2 others
- **Jun** **[Applied Atomics](https://millionrounds.com/company/applied-atomics)** Pre-seed · GB **$4.0M** With 2 others
- **Apr** **[Via Separations](https://millionrounds.com/company/via-separations)** Venture · US **Undisclosed** With 3 others
- **Mar** **[Xage Security](https://millionrounds.com/company/xage-security)** Venture · US **$15M** With 3 others
- **Mar** **[EnerVenue](https://millionrounds.com/company/enervenue)** Series B · US · Firms' own news pages **$300M** With 2 others
- **Feb** **[Utility Global](https://millionrounds.com/company/utility-global)** Series D · US **$100M** Sole investor
- **Jan** **[Neurophos](https://millionrounds.com/company/neurophos)** Series A · US · Firms' own news pages **$110M** With 15 others
- **Jan** **[Barbara](https://millionrounds.com/company/barbara)** Venture · ES **$5.2M** With 4 others
- **Jan** **[PCG Power](https://millionrounds.com/company/pcg-power)** Venture **Undisclosed** With 2 others
- **2025** 9 rounds
- **Dec** **[HT Materials Science](https://millionrounds.com/company/ht-materials-science)** Grant · IE **$2.6M** With 1 other
- **Nov** **[Amogy](https://millionrounds.com/company/amogy)** Venture · US **$15M** With 4 others
- **Sept** **[OXCCU](https://millionrounds.com/company/oxccu)** Series B · GB **$28M** With 2 others
- **Sept** **[ANYbotics](https://millionrounds.com/company/anybotics)** Venture · CH **$20M** With 4 others
- **Jul** **[Boston Metal](https://millionrounds.com/company/boston-metal)** US **$51M** With 4 others
- **May** **[Arkestro](https://millionrounds.com/company/arkestro)** Series B · US **$36M** With 5 others
- **Mar** **[Spiritus](https://millionrounds.com/company/spiritus)** Series A · HR **$30M** With 2 others
- **Mar** **[Ucaneo](https://millionrounds.com/company/ucaneo)** Venture · DE **Undisclosed** With 3 others
- **Jan** **[Amogy](https://millionrounds.com/company/amogy)** US · Kibo Invest **$56M** With 14 others
- **2024** 13 rounds
- **Dec** **[Noon Energy](https://millionrounds.com/company/noon-energy)** Venture · US **Undisclosed** With 4 others
- **Nov** **[Andium](https://millionrounds.com/company/andium)** Series B · US · AlleyWatch **$22M** *Led*
- **Oct** **[Hydrogen Mem-Tech](https://millionrounds.com/company/hydrogen-mem-tech)** NO · Firms' own news pages **$6.6M** With 4 others
- **Oct** **[GraphEnergyTech](https://millionrounds.com/company/graphenergytech)** Venture · CH **Undisclosed** With 1 other
- **Oct** **[IOTA Software](https://millionrounds.com/company/iota-software)** Series A · US **$10M** Sole investor
- **Sept** **[Utility Global](https://millionrounds.com/company/utility-global)** Series C · US **$53M** Sole investor
- **Aug** **[GraphEnergyTech](https://millionrounds.com/company/graphenergytech)** Pre-seed · CH **$1.3M** With 1 other
- **Jul** **[CorrosionRADAR](https://millionrounds.com/company/corrosionradar)** Series B · GB **$6.4M** With 3 others
- **Jun** **[Rondo Energy](https://millionrounds.com/company/rondo-energy)** Debt · US **$80M** With 3 others
- **May** **[Dendra Systems](https://millionrounds.com/company/dendra-systems)** Series B · GB **$15M** With 3 others
- **Apr** **[Captura](https://millionrounds.com/company/captura)** Series A · US **$10M** With 1 other
- **Mar** **[CarbonCapture](https://millionrounds.com/company/carboncapture)** Series A · US **$80M** With 2 others
- **Jan** **[Parallel Carbon](https://millionrounds.com/company/parallel-carbon)** Seed · GB **$3.6M** With 2 others
- **2023** 5 rounds
- **Oct** **[Redex](https://millionrounds.com/company/redex)** Series A · SG **$10M** With 1 other
- **Sept** **[Pulsora](https://millionrounds.com/company/pulsora)** Series A · US **$20M** With 2 others
- **Aug** **[Nile](https://millionrounds.com/company/nile)** Series C · US **$175M** With 5 others
- **May** **[NexWafe](https://millionrounds.com/company/nexwafe)** Series D · DE **$32M** With 2 others
- **Apr** **[Inductosense](https://millionrounds.com/company/inductosense)** Venture · GB **Undisclosed** With 4 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **16** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## The cheque

Growth

Median round joined **$27M** the round, not its cheque Alone, median **$28M**

Led 4 of 60 rounds **7%**

- **Sole investor:** 10 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Venture *17*
- Series A *11*
- Series B *7*
- Series D *6*
- Series C *6*
- Seed *3*
- Growth said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) 4
- [IP Group](https://millionrounds.com/fund/ip-group) 4
- [DCVC](https://millionrounds.com/fund/data-collective) 3
- [Energy Impact Partners](https://millionrounds.com/fund/energy-impact-partners) 3
- [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) 3
- [AP Ventures](https://millionrounds.com/fund/ap-ventures) 2

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## Who they invest alongside

The investors most often in the same rounds as Aramco Ventures. A count of rooms they were both in, not a relationship either has claimed.

[**Alumni Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**IP Group** VC firm **4** rounds together](https://millionrounds.com/fund/ip-group)[**DCVC** VC firm **3** rounds together](https://millionrounds.com/fund/data-collective)[**Energy Impact Partners** VC firm **3** rounds together](https://millionrounds.com/fund/energy-impact-partners)[**National Science Foundation** Government **3** rounds together](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno)[**AP Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/ap-ventures)[**At One Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/at-one-ventures)[**Bessemer Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/bessemer-venture-partners)[**Breakthrough Energy** VC firm **2** rounds together](https://millionrounds.com/fund/breakthrough-energy)[**Chevron Technology Ventures** Corporate VC **2** rounds together](https://millionrounds.com/fund/chevron-technology-ventures)[**Collaborative Fund** VC firm **2** rounds together](https://millionrounds.com/fund/collaborative-fund)[**DNX Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/dnx-ventures-us)

## Recently backed

The latest companies Aramco Ventures put money into.

[**Hang Ten Systems** $53M · Sept 2026](https://millionrounds.com/company/hang-ten-systems)[**Emerald AI** $150M · Aug 2026](https://millionrounds.com/company/emerald-ai)[**Twin1 AI** $20M · Aug 2026](https://millionrounds.com/company/twin1-ai)[**Together AI** $800M · Jul 2026](https://millionrounds.com/company/together-ai)[**Captura** $54M · Jul 2026](https://millionrounds.com/company/captura)[**Applied Atomics** $4.0M · Jun 2026](https://millionrounds.com/company/applied-atomics)

## On podcasts

1 episode naming Aramco Ventures in the title, and 1 more that mention it.

- [Inevitable](https://millionrounds.com/podcasts/inevitable) 24 Jan 2024 · 51 min Capital Series: Bruce Niven, Aramco Ventures With [Bruce Niven](https://millionrounds.com/person/bruce-niven-aramco-ventures) Mentions [Aramco Ventures](https://millionrounds.com/fund/aramco-ventures) Apple PodcastsShow page

### Mentioned in

- [Inevitable](https://millionrounds.com/podcasts/inevitable) 23 May 2024 · 45 min Startup Series: Unlocking Ammonia as Energy with Amogy Apple PodcastsShow page

## Quick answers about Aramco Ventures

### What does Aramco Ventures invest in?

Aramco Ventures invests most often at Venture and Series A (56% of the rounds on record), in sectors such as Energy, Chemicals and Digital.

### How active is Aramco Ventures?

60 investments on record, 14 of them in the last 12 months, and it led 4. The most recent was in Sept 2026.

### What has Aramco Ventures invested in recently?

Its most recent investments on record: Hang Ten Systems (Seed, Sept 2026), Emerald AI (Series A, Aug 2026) and Twin1 AI (Seed, Aug 2026).

### How big are Aramco Ventures's cheques?

The median round it joins is $27M.

### Does Aramco Ventures lead rounds?

Sometimes: it led 4 of its 60 investments on record (7%).

### Where does Aramco Ventures invest?

Most of the companies it backs are in the United States (58%), the United Kingdom (16%) and Switzerland (8%).

### Is Aramco Ventures investing now?

Yes: it is actively investing, with 14 investments in the last 12 months.

### Who does Aramco Ventures invest alongside?

Most often Alumni Ventures (4 rounds together), IP Group (4 rounds together) and DCVC (3 rounds together).

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