Saudi startup Think raises $8 million for AI infrastructure

Think, an AI infrastructure venture, has raised over $8 million in a pre-seed funding round, marking one of the largest funding rounds in the MENA region. The round was co-led by RAED Ventures and Wa'ed Ventures, with participation from Dhahran Techno Valley's venture capital arm and strategic angel investors. The company focuses on developing hardware and software to reduce the costs of running AI models, achieving GPU utilization above 90% in production testing, compared to the industry average of 30-50%. This high performance positions Think as an attractive option for Saudi enterprises looking to cut AI-related costs.