Saudi Aramco Energy Ventures, the corporate venturing subsidiary of the Saudi Arabian Oil Company and a consortium acquired stake in California-based FogHorn Systems in an investment offering totaling $15 million.
FogHorn Systems is a privately held company founded in 2014 by Mohan Reddy, T.M. Ravi and Kamesh Raghavendra. The company is a leading developer of "edge intelligence" software for industrial and commercial IoT applications. (Saudi Aramco Energy Ventures is the corporate venturing subsidiary of Saudi Aramco, the world's leading integrated energy and chemicals company. They invest globally into early-stage and high growth companies that have strategic importance to its parent, Saudi Aramco.)
Saudi Aramco Energy Ventures is listed in the Middle East Investors Directory with the code SINOC23.
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