Saudi Based Sadeem Secures $2.6 Million Investment

The investment comes from KAUST Innovation Fund and Saudi Aramco’s, Wa’ed Ventures.
Saudi Based Sadeem Secures $2.6 Million Investment
Source: Sadeem

Sadeem, a wireless environmental sensing systems spinout company from King Abdullah University of Science and Technology (KAUST) and the world’s first multi-patented sensor solution for flood, traffic, weather and air quality monitoring, has secured USD $2.6 million in co-investment from the KAUST Innovation Fund and Saudi Aramco’s, Wa’ed Ventures Fund.

“We are thrilled to be co-investing with Wa’ed Ventures in Sadeem, one of the Kingdom’s leading deep tech startups. What started as [an] idea between KAUST students is now a fast-growing company with a strong IP position, R&D and a talented local team. Wa’ed is a great investment partner for Sadeem and will support them as they continue expanding globally.”

Kevin Cullen, Vice president, KAUST I&ED

The investment from the KAUST Innovation Fund and Wa’ed Ventures will be used by Sadeem for product updates to the existing Equa and Aura sensors, development of new technologies (for monitoring ice, hurricanes, tornadoes and earthquakes), business development and new customer acquisition.

Sadeem’s unique technology is non-invasive, scalable and easy to deploy. Currently, the Equa is being used in 8 cities as far away as Mexico City and the Texas in the United States. Sadeem is looking to introduce their solutions into cities in Spain, Canada, and the UK.

For editorial tips and leads get in contact with us.

If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.