VC Firm Backed by Golub Family Office Starts Mideast-US AI Fund

A Saudi Arabia-based venture capital firm that’s backed by the family office of US billionaire Lawrence Golub is launching a $50 million fund to invest in artificial intelligence startups across the Middle East and the San Francisco Bay Area.

Wyld VC plans to focus on early-stage companies, with a view toward driving deeper ties between Gulf nations and the US that can help accelerate AI development, according to founder Tala Hasan Al Jabri.

“We are at a generational inflection point where the Bay Area’s technical breakthroughs need allies and partners who can help them accelerate their growth, and the GCC ...