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.
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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