Terraxy, a startup spun out of King Abdullah University of Science and Technology (KAUST), has secured $3 million in a Seed-2 funding round led by Wa’ed Ventures, the venture capital arm of Aramco, with participation from KAUST. This funding will support the scaling of Terraxy's proprietary soil enhancer, Carbosoil, from pilot to industrial production and enable the establishment of a 30,000-square-meter commercial facility in Al Zulfi, Saudi Arabia. Carbosoil improves plant growth and yield by up to 70% while enhancing water and nutrient retention in sandy soils for landscaping and carbon capture. Why it matters: This investment highlights Saudi Arabia's strategy to commercialize deep-tech research from local institutions to achieve national sustainability, food security, and desert greening objectives.
KAUST spinout Sadeem, which develops wireless environmental sensing systems, has secured $2.6 million in co-investment from the KAUST Innovation Fund and Saudi Aramco's Wa'ed Ventures. The funding will support product updates, development of new monitoring technologies, and business development. Sadeem's technology is used in cities including Mexico City and Texas for flood, traffic, weather, and air quality monitoring. Why it matters: The investment highlights the growing venture capital ecosystem in Saudi Arabia and will allow Sadeem to further develop its sensor technology for environmental monitoring and disaster prevention.
UnitX, a KAUST spin-out startup focusing on cloud-based supercomputing, has secured $2 million in co-investment from the KAUST Innovation Fund and Saudi Aramco’s Wa’ed Ventures Fund. UnitX aims to democratize supercomputing by partnering with institutions to make spare supercomputing capacity available via the cloud. The funding will support UnitX in helping enterprises leverage high-performance data analytics and AI at scale, particularly in underserved industry verticals in Saudi Arabia. Why it matters: This investment highlights the growing focus on AI infrastructure and supercomputing accessibility in Saudi Arabia, enabling broader adoption of advanced technologies across various sectors.