The Egyptian startup CardoO, specialized in Internet of Things (IoT) devices, announced the launch of its first IoT-Enabled Smartwatch after it raised a US$660,000 in seed funding, according to the company.
The startup has recently secured the fund, led by Alexandria Angel Network, with participation from Sofico Investments and angel investors from Saudi Arabia.
Ahmed Adel, Founder and CEO of CardoO added, “The new watch is designed to be compatible with the CardoO smart application, which can be downloaded for free on smartphones.
“We developed this application based on artificial intelligence algorithms to provide data analysis and recommendations, enabling a professional user experience,” Adel added.
The founder emphasized that the new product meets the needs of the middle-class segment with its competitive price. He explained that the initial stage will target distribution within the Egyptian market, with plans to expand to other regional countries in subsequent stages.
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