Saudi Arabian venture capital firm Wyld VC has announced it led a Series A investment round for Odyssey, a US-based generative AI startup. The funding round saw participation from global technology giants NVIDIA and GV, formerly Google Ventures.
This strategic investment marks a significant move by Saudi capital into the global deep-tech landscape, specifically targeting next-generation AI technologies.
A Strategic Bet on Generative Reality
Wyld VC’s decision to lead the round underscores its belief in Odyssey’s vision to transition the digital world from static content, such as images and text, to what it terms “Generative Reality.” This technology focuses on building interactive and persistent virtual environments that evolve in real-time based on user input and engagement.
The investment comes at a time of increasing global competition to fund and develop breakthrough technologies that can redefine the digital economy.
Saudi Capital on the Global AI Stage
The participation of a Saudi firm as a lead investor alongside established names like NVIDIA and GV highlights the growing ambition and influence of the Kingdom’s venture capital ecosystem. This move aligns with Saudi Arabia’s broader strategy to become a key player in the international artificial intelligence sector by backing innovative companies poised for significant growth.
About Wyld VC
Wyld VC is a venture capital firm that invests in visionary founders building transformative companies across the globe. With a strategic focus on connecting MENA with global tech ecosystems, the firm backs startups in sectors including AI, FinTech, and enterprise software.
About Odyssey
Odyssey is an American AI company developing a platform for creating and experiencing interactive 3D worlds. By leveraging generative AI, the company aims to empower creators to build dynamic and responsive virtual environments for gaming, social interaction, and other digital applications.
Source: jawlah
