Aramco
OEM : Petroleum and Coal
We are one of the world’s largest integrated energy and chemicals companies, creating value across the hydrocarbon chain, and delivering societal and economic benefits to people and communities around the globe who rely on the vital energy we supply.We are committed to playing a leading role in the energy transition. We have a responsibility to help the world achieve a net-zero economy, and our people are working hard to help solve the world’s sustainability challenges.For our customers, we are a supplier of choice. For our shareholders, we provide long-term value creation. For communities around the world, our ambition is to provide reliable, affordable, and more sustainable energy.
Assembly Line
Mighty Buildings raises $52 million in funding
Mighty Buildings, a leader in 3D printing construction technology known for its prefabricated, environmentally-friendly, and climate-resilient homes, has raised $52 million in funding – demonstrating strong investor confidence in Mighty Buildings’ innovative offsite 3D printing construction technology. The round was co-led by Wa’ed Ventures, the $500 million innovation-focused venture capital fund backed by Saudi Aramco, and by BOLD Capital Partners, a US disruption and transformation-focused venture firm.
The funding is earmarked to accelerate development and scale production of new homes for the US market, where new home demand continues to increase, as well as to establish manufacturing operations in Saudi Arabia and the United Arab Emirates, two of the largest and fastest growing construction markets in the world. The addition of operations in the Gulf region aligns with Mighty Buildings’ strategy to transform housing construction while addressing sustainability, climate resilience, and the global housing shortage.
Rondo Energy Secures $60 Million from Global Giants and Leading Climate Investors to Speed Industrial Decarbonization
Rondo Energy, a leading provider of zero-carbon industrial heat and power, has raised $60 million in a new financing planned to speed the rollout of Rondo Heat Batteries (RHBs) worldwide and to transform the global energy storage market. Rio Tinto, Aramco Ventures, SABIC, SCG, TITAN, and SEEIT have joined Rondo’s Strategic Investor Advisory Board (SIAB).
SoftBank-backed Chinese robot maker, JAKA, to build plant in Toyota's backyard
JAKA is one of a number of companies looking to challenge Denmark-based Universal Robots’s lead in collaborative robots, also called co-robots, which play a complementary role to the hulking machines on automated assembly lines. Other contenders include Japan’s Fanuc and Chinese startup Elite Robot. JAKA’s advantage comes from the size of its home market, as well as its track record as a Toyota supplier. The company’s mean time between failure is 80,000 hours, the equivalent of one incident every nine years or so.
JAKA now makes all of its robots in Changzhou, China, at a factory with an annual capacity of about 10,000 units. For JAKA, the Nagoya plant is not only about serving Japanese buyers. In preparation for the expansion, JAKA Robotics raised a total of 1 billion yuan ($148 million) from investors including SoftBank Vision Fund 2 and Prosperity7 Ventures, a fund under Saudi Aramco.
Aramco and Cognite join forces in new data venture
Aramco and Cognite, a global leader in industrial software, have launched CNTXT, a joint venture based in the Kingdom of Saudi Arabia. Headquartered in Riyadh, CNTXT aims to support the Kingdom’s industrial digitalization, and the wider MENA region.
CNTXT will provide digital transformation services enabled by advanced cloud solutions and leading industrial software. These solutions and services aim to help public and private sector companies to future-proof their data infrastructure, increase revenue, cut costs and reduce risks while enhancing operational sustainability and security. CNTXT is Google Cloud’s reseller for cloud solutions in the Kingdom and the exclusive reseller of Cognite Data Fusion in MENA region. Additionally, Google Cloud is expected to launch a “Center of Excellence” later this year to provide training to developers and business leaders in how to use cloud technologies.
Five companies make a quarter of world’s single use plastics
The top 5 companies created roughly 26 million metric tones of plastic waste fueled by demand of the United States and China.
Seeq Announces $50 million Series C Funding Round led by Insight Partners
Seeq Corporation, a leader in manufacturing and Industrial Internet of Things (IIoT) advanced analytics software, announced today it has closed a $50 million Series C funding round, led by global venture capital and private equity firm Insight Partners. The round includes participation from existing investors Altira Group, Chevron Technology Ventures, Cisco Investments, Saudi Aramco Energy Ventures, and Second Avenue Partners. This round brings Seeq’s total funding since inception to approximately $115 million.
Seeq’s rapid growth is being fueled in part by its partnerships and commitment to cloud-based computing. Seeq is available in the AWS Marketplace and is an AWS Industrial Competency Partner. On Azure, Seeq has been available in the Azure Marketplace since 2019 and was recently recognized as a 2020 Microsoft Energy Partner of the Year Finalist. In addition to cloud partnerships, Seeq connects to an extensive set of automation vendor data storage platforms for on premise engagements including OSIsoft, Siemens, GE, Honeywell, Emerson Automation Solutions, Inductive Automation, AVEVA, AspenTech, Yokogawa, and others.