Graphiant, a US-based Network-as-a-Service (NaaS) pioneer, just closed a fresh $19 million Series B extension round co-led by Wa’ed Ventures (Aramco’s $500M VC arm) and Tali Ventures (stc Group’s investment wing). This extension is part of a broader $102 million Series B round, with support from big names like Sequoia Capital, Two Bear Capital, and IAG Capital Partners.
Reinventing Enterprise Connectivity
Founded in 2020 by Khalid Raza (the mastermind behind Viptela, acquired by Cisco), Graphiant is building the future of enterprise networking. Its next-gen NaaS platform enables businesses to securely and seamlessly connect across multi-cloud and hybrid environments.
Fast facts about Graphiant:
- ✅ 13+ patents in advanced networking
- ✅ Clients include Sony Pictures and Valmont
- ✅ Platform built for the AI-driven future of enterprise data
- ✅ Delivers scalable, secure, and ultra-reliable performance
Riyadh is Graphiant’s new regional Home
As part of this strategic investment, Graphiant will establish its regional headquarters in Riyadh, deepening its commitment to Saudi Arabia’s ambitious digital transformation agenda.
Anas Algahtani, Acting CEO of Wa’ed Ventures, shared:
“Graphiant is solving key infrastructure challenges for digital transformation. We’re proud to support their expansion into the Kingdom and bring cutting-edge connectivity closer to Saudi businesses.”
This move also aligns with Saudi Arabia’s Vision 2030, which aims to position the Kingdom as a global innovation hub.
Why the Partnership Matters
By backing Graphiant, Wa’ed Ventures and Tali Ventures are not only investing in a high-potential tech disruptor but also advancing key national goals:
- Driving tech localisation
- Fostering digital infrastructure
- Supporting scalable, AI-ready technologies
- Enabling secure enterprise connectivity
Motaz Alangari, Chief Investment Officer at stc Group, explained:
“Graphiant’s innovative platform aligns perfectly with our vision to drive digital transformation. We’re excited to welcome them to Saudi Arabia and help build the networks of tomorrow.”
A $92 Billion Market Opportunity
The global Network-as-a-Service market is projected to hit $92 billion by 2030, thanks to surging demand for flexible, intelligent connectivity solutions. Graphiant is perfectly positioned to lead this shift with its cloud-native architecture built for scale, security, and speed.
Khalid Raza, CEO of Graphiant, noted:
“Saudi Arabia is quickly emerging as a global innovation hub. With Wa’ed and Tali Ventures as partners, we’re laying the foundation for the next generation of digital economies—starting here in the Kingdom.”