Saudi Arabian AI startup HUMAIN has invested a total of $3 billion in Elon Musk’s xAI as part of its Series E funding round, as per an official press release on Wednesday. While the Series E funding round was carried out earlier in January, HUMAIN has just made its investment disclosure.
“This investment reflects HUMAIN’s conviction in transformational AI and our ability to deploy meaningful capital behind exceptional opportunities where long-term vision, technical excellence, and execution converge,xAI’s trajectory, further strengthened by its acquisition by SpaceX, one of the largest technology mergers on record, represents the kind of high-impact platform we seek to support with significant capital,” said HUMAIN CEO Tareq Amin in the statement.
Funded by Saudi Arabia’s sovereign investment fund PIF, HUMAIN is the Kingdom’s largest AI startup, with billions of dollars invested from its founding. Through HUMAIN and multiple other deals, Saudi Arabia has set up an extensive list of partnerships under which valuable data center and AI infrastructure will be built in the country.
The investment made by HUMAIN was converted into equity, making it a minority shareholder and solidifying an earlier partnership between xAI and HUMAIN in 2025, in which 500MW of compute and data center infrastructure will be built in Abu Dhabi.
The series E funding round also saw investment from tech company NVIDIA, which has its own data center business that is booming in terms of revenue.
The update comes after xAI was merged with SpaceX, two companies owned by Musk, with various overlaps in technology and potential products. The acquisition of xAI means SpaceX will be putting a much larger company for public offer when it does its IPO, a market debut that investors are waiting on eagerly.