MASNA Ventures, Saudi Arabia’s first defense-focused venture fund, is seeking to
raise its cap from $100 million to $150 million and has applied to SAUDI
ARABIA'S CMA. The fund is increasing investment into localization of U.S. and
allied defense technology production, citing recent Gulf conflicts and Houthi
threats that exposed regional military shortfalls. MASNA is prioritizing
Autonomous maritime systems—drones, unmanned surface vessels and unmanned
underwater vehicles—and aims to establish three operational joint ventures and
make six capital investments in 2026.
