AsianFin — Saudi Arabian artificial intelligence startup Lucidya has secured $30 million in a Series B funding round, led by local venture capital firm Impact46.

New investors include Wa’ed Ventures, the VC arm of oil giant Saudi Aramco focused on transformative technologies, as well as Takamol Ventures and SparkLabs.

The funding marks a significant step in Saudi Arabia’s broader push to foster domestic AI innovation, aligning with its Vision 2030 strategy to diversify beyond oil.