Saudi start-up Sadeem secures $2.6mln financing from KAUST, Aramco fund

Sadeem specialises in environmental sensors that help monitor natural disasters

  
Saudi-based start-up, Sadeem, wins GITEX 2017 Supernova Challenge. Image for illustrative purposes.

Saudi-based start-up, Sadeem, wins GITEX 2017 Supernova Challenge. Image for illustrative purposes.

Sadeem, a Saudi start-up that specialises in environmental sensors that help monitor natural disasters, has secured a $2.6 million funding from two venture capital firms in Saudi Arabia.

The new funding round from KAUST Innovation Fund and Saudi Aramco’s Wa’ed Ventures Fund will support Sadeem in further developing sensor technology that may help address problems that threaten the lives of people worldwide.

Sadeem is a spinout from King Abdullah University of Science and Technology that created the world’s first multi-patented sensor that can monitor weather disturbances, such as flooding as well as track air quality and traffic conditions.

Kevin Cullen, KAUST Innovation and Economic Development vice president, said Sadeem is now a fast-growing company with a “strong talented local team.”

“Wa’ed is a great investment partner for Sadeem and will support them as they continue expanding globally,” Cullen said in a statement.

(Writing by Cleofe Maceda Cleofe.Maceda@refinitiv.com; editing by Seban Scaria)

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© ZAWYA 2019

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