- GE Vernova has acquired Altelium, a leading industrial data analytics company powered by AI.
- Altelium is part of the portfolio of Wa’ed Ventures, the venture capital arm of Aramco.
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The acquisition underscores the growing global demand for deep tech solutions in energy and infrastructure sectors.
Wa’ed Ventures, the venture capital arm of Aramco, has announced the acquisition of its portfolio company Altelium by GE Vernova, a global leader in energy technology and infrastructure solutions.
Altelium specializes in advanced industrial data analytics powered by artificial intelligence, offering cutting-edge solutions that improve operational efficiency and decision-making across energy and infrastructure sectors.
This strategic acquisition highlights the increasing demand for deep tech innovation within critical industries, as global players seek scalable technologies that drive performance, sustainability, and transformation.
As one of the standout companies in Wa’ed Ventures’ portfolio, Altelium has demonstrated strong technical leadership and a forward-thinking approach to industrial AI. The successful exit is a testament to the value created by startups operating at the intersection of industry and technology.
This milestone also reinforces Wa’ed Ventures’ continued commitment to enabling visionary founders and supporting the growth of transformative technologies across the Kingdom and beyond.
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