Lab7, the venture-building arm of Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, invested in food preservation technology company Uvera's seed funding round.
Lab7 will also collaborate with Uvera to boost the scalability, data integrity, and commercial deployment of its platform, as well as support the development of its analytics and traceability services, according to a Wednesday release.
Other participants included Morgan Stanley Inclusive & Sustainable Ventures and capital investment company Core Vision.