News & Views

  • Start-up to increase Supercomputing Access through Partnerships
    Pictured from left: Dr Ravi Samtaney, UnitX co-founder, KAUST professor and acting dean of the University’s Physical Science and Engineering Division; Mohammed Ghawanni, UnitX product engineer; Kiran Narayanan, UnitX co-founder and CEO; and Ankita Shree, UnitX co-founder. Credit: Ryan Yangyang, UnitX

Start-up to increase Supercomputing Access through Partnerships

Jan 14 2020 Read 315 Times

Artificial intelligence (AI) and supercomputing start-up UnitX a spin-out of KAUST has secured $2 million of co-investment from the KAUST Innovation Fund and Saudi Aramco's Wa'ed Ventures Fund.

The injection of joint funding will support UnitX in its quest to democratise supercomputing and help enterprises of all sizes leverage technologies such as high performance data analytics to make data-driven decisions, reduce IT spending, innovate and become globally competitive through partnership structures.

Tamer Osman, head of the KAUST Innovation Fund, stated: "UnitX is bridging a new frontier in advancing big compute power and making it more accessible to sectors that have previously been unable to access the benefits of supercomputing. At KAUST, we are actively investing in startups and technology that are shaping industry 4.0, and UnitX is a deep tech startup at the forefront of this revolution."

Salman T. Jaffrey, chief investment officer at Wa'ed Ventures and an incoming board member on UnitX, praised the efforts and ambition of UnitX's cofounders⁠—Kiran Narayanan, Ravi Samtaney, Ankita Shree and Salman Kattan⁠—and their inspiring journey.

"We are thrilled to have led this investment with KAUST, which is testament to our fund's inimitable approach on fueling the growth of Kingdom-based startups and shared vision of advancing the Saudi venture ecosystem," Mr Jaffrey said.

Reader comments

Do you like or dislike what you have read? Why not post a comment to tell others / the manufacturer and our Editor what you think. To leave comments please complete the form below. Providing the content is approved, your comment will be on screen in less than 24 hours. Leaving comments on product information and articles can assist with future editorial and article content. Post questions, thoughts or simply whether you like the content.

Post a Comment




Digital Edition

Lab Asia December 2019

December 2019

In This Edition Mass Spectrometry & Spectroscopy - Translating Proteomic MALDi Tissue Typing to Clinical Pathology - Fusion Protein Complexes Analysed by CG-MALS - Non-equivalent, Multivalen...

View all digital editions

Events

SLAS 2020

Jan 25 2020 San Diego, CA, USA

Arab Health

Jan 27 2020 Dubai, UAE

Nano Tech 2020

Jan 29 2020 Tokyo, Japan

MEDLAB MIDDLE EAST

Feb 03 2020 Dubai, UAE

Smart Factory Expo (SFE 2020)

Feb 12 2020 Tokyo, Japan

View all events