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Ferveret receives $150,000 through the Scaling Star Award at LEAP 2026, aimed at boosting its initiatives in AI infrastructure. The award highlights Saudi Arabia's commitment to AI technology development.

PRIVATESep 24, 2026

Amount Raised

$150,000

Round Type

Pre-Seed

RiyadhInformation TechnologyArtificial IntelligenceVenture Capital

Investors

GloventuresValkyrie Fund

Description

Ferveret was awarded $150,000 during the Rocket Fuel Pitch Competition at LEAP 2026 in Riyadh. This award is part of a larger strategic partnership between Valkyrie Fund, Gloventures, and other portfolio companies. The initiative aims to enhance AI infrastructure in Saudi Arabia. This recognition underscores the growing opportunities in the AI sector within the region.

Company Information

Company

Ferveret

Location

Riyadh, Riyadh Region, Saudi Arabia

About

Valkyrie Fund is a Silicon Valley venture capital firm focused on investing in innovative technologies, particularly in the artificial intelligence sector. They aim to create opportunities for U.S. technology companies in international markets, specifically in the Middle East and North Africa. Valkyrie Fund partners with local organizations to facilitate market entry and technology adoption. Their portfolio includes companies developing cutting-edge solutions for AI infrastructure.

Fundz sees it the moment Ferveret raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Predictive Intelligence
Strategic

ML-powered predictions for Ferveret's next move

See what Strategic adds

Ferveret raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 285,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.