Economics

Quartz uses Quid to track Saudi investments in tech

Quid Staff

10.24.2018

As global criticism of Saudi Arabia mounts following the killing of Washington Post columnist Jamal Khashoggi, business leaders have sought to distance themselves from the Kingdom’s expanding influence. Dozens of high-level investors and executives pulled out of the country’s “Davos in the Desert” conference this month. But with billions flowing from Saudi Arabia to Silicon Valley, Quartz wanted to learn more about the Kingdom’s close relationship with tech. More specifically, how much have the Saudis invested and where is their money going?


Quid estimated Saudi participation in investment rounds over the last five years, which ranged from augmented reality to social media, facial recognition technology, and ride-sharing platforms like Uber and Lyft. Want to know more about the companies receiving Saudi investment? Read the full Quartz analysis here.

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