French vision AI company Alteia closes its latest funding round led by Wa’ed Ventures to accelerate the deployment of its software applications

French vision AI company Alteia closes its latest funding round led by Wa’ed Ventures to accelerate the deployment of its software applications

Alteia, the European leader in vision AI and industrial software innovation, announces today that it closed its latest funding round led by Wa’ed Ventures, the venture capital arm of Saudi Aramco.

 

Through this investment, Alteia will increase its presence in the Kingdom of Saudi Arabia by opening an office in Dhahran to support some of the leading industrial companies in the MENA region, and develop and deploy industrial vision-based solutions. The company also aims to consolidate its position as a key global player in vision AI by investing massively in research and development, targeting predictive maintenance and asset management applications in the energy sector.