Riyadh Valley Company – The investment arm of King Saud University – announces its investment in Evolution Technology Fund managed by Evolution Equity Partners which is one of the international venture capital investors partnering with exceptional entrepreneurs to develop market-leading cyber-security and enterprise software companies.
Evolution focuses on companies utilizing big data, machine learning, artificial intelligence, SaaS, mobile, and the convergence of consumer and enterprise software to build leading information technology companies. This investment comes within the framework of Riyadh Valley Company’s strategy to invest locally and internationally to build a balanced investment portfolio to achieve King Saud University goals and to develop the knowledge economy in Saudi Arabia.
Dr. Khalid Al-Saleh, the CEO of Riyadh Valley Company, said: “Investing in Information & Communication Technology sector is one of our goals especially when Evolution Equity Partner has extensive experience over thirty years in Venture Capital, Technologies and Cybersecurity, with track records in successful exits.”
Evolution Equity Partners was founded in 2008 and is based in New York City and Zurich. Makes investments in rapidly growing cybersecurity and enterprise software companies that safeguard our digital world.