HUMAIN
PIF-backed Saudi full-stack AI company (formed May 2025) building sovereign AI data centers with NVIDIA, AMD, xAI and others.
www.humain.com · Record collected 25 Sept 2026
Profile from NeoCloud Observatory research (snapshot 2026-09-25); every figure links to its original source.
Profile
- Headquarters
- Saudi Arabia
- Founded
- 2025
- Ownership
- private
- Operating regions
- Middle East
- Deployment model
- sovereign ai cloud, wholesale datacenter capacity
- GPU vendors
- Not yet recorded
- GPU generations
- Not yet recorded
- Networking
- Not yet recorded
- Storage
- Not yet recorded
- Cooling
- Not yet recorded
- Energy strategy
- Not yet recorded
- Platform / control plane
- Not yet recorded
- Business model
- Not yet recorded
- Differentiation
- Not yet recorded
Source: DatacenterDynamics — Elon Musk's xAI and Humain to build 500MW Saudi Arabia data center
Capacity register
Each sourced figure with its maturity and MW type. Figures of different types are not added together.
No sourced capacity figures recorded.
Projects
| Project | Location | Status | Capacity |
|---|---|---|---|
| HUMAIN x xAI 500 MW data center Participants: xAI (tenant). Source: NeoCloud Observatory research. Source: HUMAIN — HUMAIN and xAI partner to build next generation AI compute | Saudi Arabia | announced | 500 MW (unspecified, announced) |
| AMD / Cisco / HUMAIN JV (phase 1 100 MW) First phase expected to begin operations in 2026. Participants: AMD (partner), Cisco (partner). Source: NeoCloud Observatory research. Source: Seeking Alpha — Saudi Arabia: AMD, Cisco and HUMAIN form JV for AI infrastructure | Saudi Arabia | planned | 100 MW (unspecified, announced) |
Disclosed customer contracts
No disclosed customer contracts recorded.
Neocloud Observatory
Evidence-scored analysis
Category G · Adjacent Provider · data quality 39.5/100 · snapshot 25 Sept 2026
Capacity by maturity (MW)
Each stage is reported separately and never added together. Announced GPUs never count as operational.
- Operational Unknown
- Under construction Unknown
- Contracted Unknown
- Secured Unknown
- Announced 600 MW
- Stated pipeline 6,600 MW
- Company target 1,900 MW
- GPUs operational
- Unknown
- GPUs contracted
- Unknown
- GPUs announced
- Unknown
Financial position
- Annualised revenue
- Unknown
- Revenue growth (YoY)
- Unknown
- Backlog
- Unknown
- Disclosed contract value
- Unknown
- Valuation
- Unknown
- Equity raised (captured)
- Unknown
- Debt raised (captured)
- Unknown
- Total debt (reported)
- Unknown
- Hyperscaler credit supportnot cash raised
- Unknown
Scorecard
score-v1.0 · 0–100 · scores with under 34% evidence coverage stay empty
Business Model Quality 45 evidence coverage 60%
- contracted revenue model: 45 (weight 0.4) — spot/on-demand oriented
- model diversity: 44 (weight 0.2) — sovereign_ai_cloud, wholesale_datacenter_capacity
- margin: unknown (weight 0.25) — no margin data
- software upside: unknown (weight 0.15) — 0 software layers
Capital Access Insufficient evidence evidence coverage 0%
- total capital raised: unknown (weight 0.3) — UNKNOWN equity+debt captured
- raised last 12m: unknown (weight 0.25) — UNKNOWN in 12m
- valuation: unknown (weight 0.2) — no valuation UNKNOWN
- strategic backers: unknown (weight 0.15) — 0 investors known
- cost of debt: unknown (weight 0.1) — no rate disclosed
Competitive Moat Insufficient evidence evidence coverage 0%
- physical control: unknown (weight 0.3) — power/land/DC control
- software depth: unknown (weight 0.25) — 0 software layers
- contracted lock in: unknown (weight 0.25) — backlog/contract value UNKNOWN
- operational reputation: unknown (weight 0.2) — not rated
Concentration Risk (higher = riskier) Insufficient evidence evidence coverage 0%
- top customer share: unknown (weight 0.8) — UNKNOWN
- few customers: unknown (weight 0.2) — 0 disclosed customers
Customer Diversification Insufficient evidence evidence coverage 0%
- top customer share: unknown (weight 0.6) — concentration UNKNOWN
- distinct customers: unknown (weight 0.4) — 0 disclosed customer relationships
Customer Quality Insufficient evidence evidence coverage 0%
- hyperscaler or lab: unknown (weight 0.5) — 0 disclosed customers
- contracted value: unknown (weight 0.5) — disclosed contract value UNKNOWN
Execution Risk (higher = riskier) 94 evidence coverage 55%
- build to operating ratio: unknown (weight 0.45) — 0 MW to build vs 0 MW operating
- soft pipeline share: 100 (weight 0.25) — 7,200 MW secured/announced/speculative
- organisational youth: 88 (weight 0.3) — founded 2025
Financial Durability Insufficient evidence evidence coverage 10%
- revenue scale: unknown (weight 0.3) — annualised revenue UNKNOWN (n/a)
- net margin: unknown (weight 0.2) — no margin data
- cash: unknown (weight 0.2) — cash UNKNOWN
- backlog coverage: unknown (weight 0.2) — no backlog/revenue
- public disclosure: 40 (weight 0.1) — private
Financial Risk (higher = riskier) Insufficient evidence evidence coverage 0%
- losses: unknown (weight 0.3) — no margin data
- debt to revenue: unknown (weight 0.3) — no debt/revenue data
- reliance on new capital: unknown (weight 0.25) — n/a
- revenue scale inverse: unknown (weight 0.15) — revenue UNKNOWN
Geographic Position 45 evidence coverage 100%
- countries: 18 (weight 0.6) — Saudi Arabia
- sovereign positioning: 85 (weight 0.4) — sovereign AI positioning
GPU Supply Position Insufficient evidence evidence coverage 0%
- gpu fleet and contracted: unknown (weight 0.4) — 0 GPUs operational+contracted
- vendor relationship: unknown (weight 0.3) — no strategic vendor tie evidenced
- latest generation: unknown (weight 0.3) — no GPU model data
Growth Momentum Insufficient evidence evidence coverage 20%
- revenue growth yoy: unknown (weight 0.4) — no growth data
- capacity momentum: unknown (weight 0.25) — 0 MW contracted/under construction
- recent major events: 0 (weight 0.2) — 0 major confirmed events in 180d
- capital raised 12m: unknown (weight 0.15) — raised UNKNOWN in 12m
Infrastructure Execution 13 evidence coverage 60%
- delivered projects: 0 (weight 0.4) — 0/2 tracked projects (partially) operational
- operational share of hard mw: unknown (weight 0.4) — 0 of 0 hard MW operational
- building now: 40 (weight 0.2) — 0 under construction
Management Execution 20 evidence coverage 50%
- delivered capacity: unknown (weight 0.5) — 0 MW delivered to date
- milestones 180d: 0 (weight 0.3) — 0 confirmed major milestones (180d)
- disclosure discipline: 50 (weight 0.2) — private
Operational Capacity Insufficient evidence evidence coverage 0%
- operational mw: unknown (weight 0.65) — operational MW UNKNOWN
- operational gpus: unknown (weight 0.35) — operational GPUs UNKNOWN
Power Pipeline Quality 38 evidence coverage 80%
- weighted pipeline mw: 62 (weight 0.5) — ladder-weighted 510 MW
- hard share: 0 (weight 0.3) — 0% of stated MW is operational/under construction/contracted
- physical power control: unknown (weight 0.2) — physical-layer control 0/100
Software Platform Maturity Insufficient evidence evidence coverage 0%
- software layers: unknown (weight 0.5) — none evidenced
- software control: unknown (weight 0.25) — software-layer control 0/100
- independent rating: unknown (weight 0.25) — not rated
Strategic Partnerships Insufficient evidence evidence coverage 0%
- vendor equity: unknown (weight 0.4) — no vendor equity evidenced
- hyperscaler ties: unknown (weight 0.4) — none evidenced
- exemplar or rating: unknown (weight 0.2) — n/a
Technical Differentiation Insufficient evidence evidence coverage 0%
- differentiators: unknown (weight 0.7) — no clear differentiator evidenced
- independent rating: unknown (weight 0.3) — not rated
Technical Strength Insufficient evidence evidence coverage 0%
- independent rating: unknown (weight 0.45) — not rated
- exemplar cloud: unknown (weight 0.15) — n/a
- fabric evidence: unknown (weight 0.15) — fabric UNKNOWN
- stack documentation: unknown (weight 0.25) — 0 technology layers evidenced
Vertical Integration Insufficient evidence evidence coverage 0%
- stack control: unknown (weight 1) — 0 of 12 layers evidenced; 12 UNKNOWN
Career Opportunity 41 evidence coverage 16%
- growth momentum: unknown (weight 0.2) — Growth Momentum
- capital access: unknown (weight 0.15) — Capital Access
- technical strength: unknown (weight 0.12) — Technical Strength
- software platform maturity: unknown (weight 0.12) — Software Platform Maturity
- power pipeline quality: 38 (weight 0.1) — Power Pipeline Quality
- geographic position: 45 (weight 0.06) — Geographic Position
- strategic partnerships: unknown (weight 0.08) — Strategic Partnerships
- hiring: unknown (weight 0.07) — open roles (public boards)
- inv financial risk: unknown (weight 0.1) — 100 - financial risk
Data Quality 40 evidence coverage 18%
- dq coverage: unknown (weight 0) — 0.176
- dq avg confidence: unknown (weight 0) — 0.608
- dq primary source pct: unknown (weight 0) — 0.111
- dq freshness days: unknown (weight 0) — 0
- dq conflicts: unknown (weight 0) — 0
- dq missing count: unknown (weight 0) — 14
Worth Investigating? (not investment advice) 33 evidence coverage 20%
- growth momentum: unknown (weight 0.18) — Growth Momentum
- technical differentiation: unknown (weight 0.12) — Technical Differentiation
- customer quality: unknown (weight 0.12) — Customer Quality
- power pipeline quality: 38 (weight 0.12) — Power Pipeline Quality
- capital access: unknown (weight 0.12) — Capital Access
- strategic partnerships: unknown (weight 0.1) — Strategic Partnerships
- technical strength: unknown (weight 0.08) — Technical Strength
- infrastructure execution: 13 (weight 0.08) — Infrastructure Execution
- operational capacity: unknown (weight 0.08) — Operational Capacity
- novelty bonus: 15 (weight 0.3) — company ≤3 years old
Overall Scale Potential Insufficient evidence evidence coverage 30%
- power pipeline quality: 38 (weight 0.3)
- capital access: unknown (weight 0.25)
- customer quality: unknown (weight 0.2)
- operational capacity: unknown (weight 0.15)
- vertical integration: unknown (weight 0.1)
Overall Survival Probability (5y, %) 59 evidence coverage 3%
- model: unknown (weight 1) — logistic(durability, capital access, customer quality, risks)
Forecasts (rule-based, P10–P90)
| Horizon | Operational MW | Annualised revenue |
|---|---|---|
| 12 months | 30 MW (0 MW–156 MW) | Unknown |
| 24 months | 186 MW (30 MW–504 MW) | Unknown |
| 36 months | 408 MW (60 MW–888 MW) | Unknown |
| 60 months | 666 MW (156 MW–1,440 MW) | Unknown |
Stored in an immutable prediction ledger and scored against reported outcomes when they fall due. Predictions, not facts.
Outcome probabilities
| Outcome | 12 mo | 24 mo | 36 mo | 60 mo |
|---|---|---|---|---|
| Remain independent | 75% | 53% | 33% | 0% |
| Acquired | 11% | 21% | 30% | 44% |
| Merge | 3% | 6% | 9% | 14% |
| Fail | 11% | 20% | 29% | 42% |
| IPO | 4% | 8% | 12% | 18% |
| Acquire another company | 4% | 8% | 12% | 18% |
| Financial distress | 8% | 15% | 22% | 34% |
| Major cloud scale (≥2 GW operational or ≥$10B revenue) | 0% | 0% | 0% | 0% |
| Remain niche | 89% | 80% | 71% | 57% |
| Strategic pivot | 10% | 15% | 20% | 30% |
| Exit AI infrastructure | 1% | 2% | 3% | 5% |
Ownership outcomes (independent, acquired, merge, fail) sum to 100% at each horizon; the others are independent events.
Vertical-integration stack
- energy UNKNOWN No evidence captured (unknown)
- land UNKNOWN No evidence captured (unknown)
- data center UNKNOWN No evidence captured (unknown)
- power cooling UNKNOWN No evidence captured (unknown)
- gpu hardware UNKNOWN No evidence captured (unknown)
- network UNKNOWN No evidence captured (unknown)
- storage UNKNOWN No evidence captured (unknown)
- bare metal UNKNOWN No evidence captured (unknown)
- orchestration UNKNOWN No evidence captured (unknown)
- cloud api UNKNOWN No evidence captured (unknown)
- ai platform UNKNOWN No evidence captured (unknown)
- managed ai UNKNOWN No evidence captured (unknown)
Not yet sourced: revenue, revenue run rate, valuation, power mw.operational, power mw.contracted, gpu count, cash, total funding, backlog, employees, profile.ceo, customers, tech stack, stack control.
Timeline
-
19 Nov 2025 · announcement
HUMAIN and xAI to build 500 MW data center in Saudi Arabia
Source: HUMAIN — HUMAIN and xAI partner to build next generation AI compute
Recent coverage
Updated 1 Nov 2026, 11:54 UTC
- 22 Oct 2026 Data Centre
HUMAIN and DataVolt sign framework agreement with Nebius for large-scale campus in Saudi Arabia
HUMAIN, an artificial intelligence company owned by Saudi Arabia’s Public Investment Fund (PIF), and DataVolt, a Saudi Arabia-based large-scale data center infrastructure developer, owner and operator, have announced a preliminary framework agreement with Nebius, an AI cloud company, for data center capacity at…
W.Media