CyberME Studios, Nova Cyber Ventures, and Z-ONE Forge Strategic Partnership to Promote Chinese Cybersecurity Technology in Saudi Arabia
July 8, 2024 – CyberME Studios, Nova Cyber Ventures, and Z-ONE Global have reached a strategic Memorandum of Understanding (MOU) to jointly promote emerging Chinese cybersecurity technologies in Saudi Arabia and the broader Middle East market.
CyberME Studios Announcement
Nawaf Almusaibeeh, CPO of CyberME Studios, expressed his enthusiasm:
"We at CyberME Studios are pleased to announce our strategic partnership with Nova Cyber Ventures and Z-ONE. This partnership aims to bring the latest Chinese cybersecurity technologies to the Kingdom of Saudi Arabia, enhancing our local capabilities and contributing to the development of a secure and reliable digital environment. We are confident that this partnership will open new horizons for collaboration and support our efforts in building advanced and sustainable cybersecurity firms"
Nova Cyber Ventures' Perspective
Jon Xu, Founder of Nova Cyber Ventures, highlighted the growth potential:
" As an investment institution dedicated to cybersecurity, Nova Cyber Ventures is constantly seeking global opportunities. With Saudi Arabia's Vision 2030 and rapid digitalization, we see significant growth potential in the Saudi and MENA cybersecurity markets. Meanwhile, China's cybersecurity technology has matured to a globally competitive level. NCV, in partnership with Z-ONE, will explore various cooperation models with CyberME. This initiative will not only enrich the Saudi cybersecurity market but also unveil new opportunities for Chinese cybersecurity companies and investors interested in the Saudi and MENA markets."
Z-ONE's Mission
“Old methods of cyber security risk management—a singular perspective—are no longer adequate. Tech leaders in KSA require new, diversified cybersecurity technologies to enhance current cyber systems. China's cyber security technology has matured amidst decades of challenges. Enlightening the world about China's cyber security technological prowess is the mission of Z-ONE, we are honored to partner with CyberME Studios and contribute to the cybersecurity of the KSA region ”Bruce ZHANG, Founder of Z-ONE.
China's Cybersecurity Market
With the development of cybersecurity technology in China over the years, the overall market size has exceeded $15 billion USD. This growth has fostered the emergence of over 1,000 vendors offering more than 160 different types of products. China's leading tech companies are expanding beyond domestic borders to the global market, providing cybersecurity products and services to users worldwide. This global outreach aims to combat cyber threats and protect the security of the digital ecosystem.
About CyberME Studio
CyberME Studios is the first and only startup studio specializing in building and launching cybersecurity startups in Saudi Arabia. With a proven track record of successfully launching and nurturing innovative ventures, CyberME Studios provides comprehensive venture building operations, technical resources and support, market entry and expansion strategies, talent acquisition services, deep industry insights, and an extensive partnership network.
About Nova Cyber Ventures
Nova Cyber Ventures specializes in investing in early-stage cybersecurity startups and provides integrated support, including marketing acceleration, financial advising, access to cybersecurity unicorns, CSOs, and other industry resources to accelerate the growth of these startups. NCV focuses on being the preferred entrepreneurial partner for outstanding entrepreneurs, enhancing the brilliance of cybersecurity through its active engagement.
About Z-ONE
Z-ONE is the first market research and accelerator institution focused on the cybersecurity industry in Mainland China. Z-ONE offers early-stage startup investment and financing, business strategy consulting, industry research and domestic and foreign competitive product analysis, business acceleration services, and more. In addition, Z-ONE provides consulting and services for strategic mergers and acquisitions of security enterprises, international business exploration, post-investment management and services, and expansion into other security industries.
Future Collaboration
In the future, CyberME Studios, Nova Cyber Ventures, and Z-ONE will closely collaborate to explore various cooperation models in the fields of cybersecurity and related venture capital investment. This collaboration aims to bring Chinese cybersecurity technology capabilities to partners and customers in Saudi Arabia and the Middle East market, providing greater diversity, fostering a healthy ecosystem, and achieving mutual growth in these areas.