Riyadh - Sharikat Mubasher: STV, the Saudi largest technology VC fund, entered into a strategic partnership with Google to enable AI, cloud, and digital growth for tech ventures in the Middle East and North Africa (MENA) region, the fund announced in a statement.

Both parties will join hands to launch a regional AI-first accelerator for STV ventures to empower them to use AI-powered Google products.

The partnership includes capacity building and hands-on training for tech startups on Google Ads and Cloud products such as Vertex AI, Bard, Big Query, and Search.

STV affirmed that the partnership with Google elevates its capabilities of “empowering the region’s tech ecosystem.”

Furthermore, the partnership underscores the commitment of STV and Google to foster tech startups in the MENA region by providing access to AI-first tools and solutions.

STV backs and scales the region’s most exciting and disruptive technology companies with over $800 million in capital.