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Thiel co-invests with Saudi PIF, Qatar in new business platform

The billionaire co-founder of data software giant Palantir Technologies and PayPal will invest in SILQ Group through his Valar Ventures unit

Nordin Catic/Getty Images for The Cambridge Union

Peter Thiel speaks at The Cambridge Union in May

Tech investor Peter Thiel is teaming up with Saudi Arabia’s Public Investment Fund and a Qatari lender to back a new business-to-business commerce platform, starting with a combined sum of $110 million.

Thiel, a co-founder of data software...