STV is the largest technology-focused VC firm in the Middle East with over $1.4B in assets under management, originally anchored by Saudi Telecom Company and launched specifically to lead major regional funding rounds rather than just participate. The firm has become a central market shaper in Saudi tech, reportedly accounting for around 30% of all VC capital deployed in Saudi Arabia at certain periods, and operates specialized programs including a $100M AI Fund backed by Google and non-dilutive funding options through products like the NICE Fund.
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