TLDR:
- Saudi Aramco Ventures invests in British AI ecology platform Dendra Systems
- Dendra Systems raises $15.76 million in Series B funding round with Aramco Ventures
Saudi Aramco Ventures, the venture capital arm of energy and chemical giant Aramco, has invested in Dendra Systems, a British environmental tech company specializing in AI-powered ecological solutions. The $15.76 million Series B funding round also included additional investment from Aramco, bringing its total investable assets to $7 billion. Dendra Systems, founded in 2014, focuses on restoring nature through high-resolution data capture, drone-based seeding projects, and an AI-enabled ecosystem insights platform. The company is working on ecological projects worldwide, with a particular focus on large-scale eco-restoration initiatives.
The investment from Aramco Ventures reflects the company’s commitment to operational decarbonization and Saudi Arabia’s broader goals for carbon neutrality. This move towards eco-friendly initiatives aligns with Saudi Arabia’s announcement of achieving net zero greenhouse gas emissions by 2060, with renewable sources fulfilling 50% of its electricity capacity by 2030. The partnership between Aramco Ventures and Dendra Systems underscores the importance of technological solutions in biodiversity conservation and habitat restoration.
