Vision 2030 Fund Leads $30M Investment in Local SaaS Startup

# Vision 2030 Fund Invests in Saudi AI SaaS The Vision 2030 fund has led a $30 million Series A investment in **ServiceAI**, a Riyadh-based startup building AI-powered customer service automation for Arabic-speaking markets. ## Investment Details - **Round size**: $30M - **Lead investor**: Vision 2030 Fund (PIF) - **Co-investors**: STV, Raed Ventures - **Pre-money valuation**: $120M - **Customer base**: 200+ Saudi enterprises ## Technology ServiceAI's platform specializes in Arabic natural language processing, enabling businesses to automate customer support while maintaining cultural nuance. "The Saudi AI ecosystem is maturing rapidly," said the fund's managing director. "ServiceAI demonstrates the depth of local technical talent." ## Use of Funds - R&D: 40% - Sales & Marketing: 35% - Talent hiring: 25% *Source: PIF Announcement, March 3, 2026*