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$857M Investment Drives LIP 2026 Day 3
More than $857 million in new investments were announced on the third day of the LEAP 2026 conference in Riyadh, including investment rounds, funding funds, and expansions in the cloud computing, data centers, and technology industries sectors. Venture capital investments totaled approximately $293 million through 11 announcements, in addition to the launch of a new fund and the expansion of existing funds with a total volume of $166.7 million, involving startup companies and specialized firms in artificial intelligence, financial technology, and other fields. Major companies such as Snowflake, Alfanar, and LogRhythm also announced expansion investments and initiatives aimed at localizing the tech industries and strengthening national capabilities in information security and digital infrastructure. This reflects a significant investment momentum to support capital and innovation within the Kingdom.
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