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NEOM is an ambitious project constructing a futuristic, sustainable cognitive region in northwest Saudi Arabia, designed to be a living laboratory for innovation. This arcology integrates advanced urban solutions, renewable energy systems, and smart infrastructure across various sectors, including manufacturing, tourism, and technology. Its aim is to serve as a model for future cities, fostering human progress and environmental preservation through intelligent design and advanced technological integration.
The initiative was launched in 2017 by Crown Prince Mohammad bin Salman, who conceived NEOM as a cornerstone of Saudi Arabia's Vision 2030. The insight driving this venture was the need to diversify the nation's economy beyond oil and establish a global hub for innovation and sustainable living. Crown Prince Mohammad bin Salman serves as the driving force and chairman behind the project, steering its development from concept to reality.
NEOM is designed for a global community of residents, innovators, and businesses seeking a new paradigm for life and work. Its long-term vision is to attract the world's brightest minds and most ambitious companies, offering an unparalleled quality of life and pioneering environmental stewardship. The project endeavors to redefine urban sustainability and human livability, creating a beacon for economic growth and societal advancement in the 21st century.
Key people at NEOM.
NEOM has 3 tracked investments across 3 companies. The latest tracked deal is $100.0M Series D in Pony.ai in October 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 25, 2023 | Pony.ai | $100.0M Series D | Neom | — |
| Dec 9, 2022 | Sonde Health | $19.3M Series B | Joonsoo KIM | KT, M Ventures, PureTech Health |
| Jul 20, 2022 | ZeroAvia | $30.0M Series B | — | AENU, Barclays Sustainable Impact Capital, International Airlines Group |
Key people at NEOM.