Gruve, a leader in AI services and infrastructure, announced a $50 million follow-on Series A funding to accelerate deployments, expand strategic partnerships, and scale its full-stack agentic services.

The latest round brings Gruve’s total funding to $87.5 million and was led by Xora Innovation (backed by Temasek), with participation from Mayfield, Cisco Investments, Acclimate Ventures, AI Space and other strategic investors.

The capital accelerates Gruve’s ability to make low-latency AI inference capacity immediately available across Tier 1 and Tier 2 U.S. cities and scale efficiently as demand grows, without multi-year data center buildouts.

The Execution Gap in AI
As inference becomes the dominant AI workload, infrastructure has emerged as the industry’s primary constraint. While models, agents, and hardware continue to see breakthroughs, the systems running them have not kept pace.

Most production inference today relies on infrastructure that was never designed for low-latency, high-throughput, cost-sensitive AI, resulting in unsustainable costs, mounting technical debt, and weak unit economics.

Gruve’s Inference Infrastructure Fabric was built to close this gap.

Inference Infrastructure Services Purpose-built for Production AI Workloads
Gruve’s Inference Infrastructure Fabric is a distributed platform engineered specifically for production-grade AI inference, delivering predictable latency, scalable throughput and industry leading economics.

Key capabilities include:

• 500MW+ of expandable U.S. capacity, leveraging excess power and existing infrastructure near Tier 1 and Tier 2 cities, enabled by long-term partnerships with Lineage, Inc. and other major colocation providers
• Modular, high-density, rack-scale inference capacity, engineered for cost efficiency in inference-heavy workloads and rapid deployment
• A distributed, low-latency edge fabric for seamless connectivity and workload orchestration across sites
• Full-stack operations, including a 24×7 AI-powered SOC, network services, and cluster management to meet enterprise-grade reliability and performance standards

Gruve is bringing 30MW live today across four U.S. sites, with additional capacity under development and further near-term expansions in Japan and Western Europe. This unique approach bypasses multi-year data center build cycles and delivers AI-ready capacity in months instead of years.

Built for Neoclouds, Enterprises, and AI-Native Startups
Gruve’s distributed inference infrastructure is designed for organizations moving from experimentation to production without compromising performance or economics, including:

• Neoclouds scaling inference economically at the edge
• Enterprises deploying real-time agents and mission-critical AI workloads
• AI-native startups moving from prototype to production

By placing inference close to users and data sources, Gruve reduces latency and operating costs, while improving reliability, unlocking true speed to scale for the next generation of AI applications.

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Vennre, a wealth creation platform enabling HENRYs (High Earners, Not Rich Yet) to access private market opportunities, today announced the successful close of its Pre-Series A funding round, raising USD 9.6 million through a hybrid equity and debt structure.

The round was co-led by Vision Ventures and anb seed Fund, with participation from Sanabil 500, Ace & Co, Plus VC, and strategic individual investors from the private banking, technology and entrepreneurship ecosystems.

This investment reflects growing confidence from leading regional VCs and strategic backers in Vennre’s mission to democratize access to curated private investments for high income retail investors. By bypassing traditional gatekeepers, Vennre offers a transparent, Shariah-compliant solution previously available only to institutions and ultra-wealthy participants.

Founded by Ziad Mabsout, Anas Halabi and Abdulrahman AlMalik, Vennre has also reached two operational milestones: the appointment of Dr. Ibrahim AlMojel as Chairman of its Saudi board and surpassing USD 40 million in transaction value across its platform – clear evidence of growing market traction and investor trust.

Ziad Mabsout, CEO and Co-Founder of Vennre, said: “A generation of ambitious professionals across the region has earned success but has not been given the tools required to compound it. This funding is not just another round — it is a clear endorsement from leading institutions that a large, long-underserved HENRY segment is ready for a better wealth-building experience. We are building for long-term wealth creation, not one-off transactions — starting with curated and vetted private investment opportunities and expanding into a full wealth journey built on discipline, trust, and alignment. This round allows us to raise the bar for what private wealth platforms in the region should deliver.”

Khalid S. Alghamdi, CEO of anb capital, added: “We are pleased to co-lead Vennre’s Pre-Series A through the anb seed Fund. Private markets globally already manage more than USD 14 trillion in assets, yet individual investors account for less than 5% of that exposure. Vennre directly addresses this imbalance by offering Shariah-compliant access to a segment long excluded from these opportunities. Having already facilitated over USD 40 million in transactions, Vennre is proving that high-income Saudis are ready to engage with private markets at scale — fully aligned with Vision 2030’s mandate to broaden capital markets participation.”

Kais Al-Essa, Founding Partner and CEO of Vision Ventures, said: “We are glad to co-lead Vennre’s Pre-Series A and excited to support such an amazing founding team. We’re always ready to back founders who use technology to make people’s lives easier and give them access to opportunities that were not available to them before. Vennre enables access to high quality investment opportunities in real estate, private equity, venture capital and private credit. These four asset classes were previously available to a select few. Democratizing such access is one of our investment goals at Vision Ventures as it enables generational wealth creation and empowers everyone to access vetted income generating and high return investments, in line with Saudi Arabia’s financial sector development plan and fintech momentum.”

Looking ahead, Vennre plans to deploy this capital to grow its client network, launch new platform features, and deepen its Saudi presence in line with ongoing financial sector liberalization and fintech momentum.

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