iot squared
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iot squared - overview
Established
2022
Location
Riyadh, -, Saudi Arabia
Primary Industry
Software
About
Based in Riyadh, Saudi Arabia, and founded in 2022, IoT Squared operates as a provider of Internet of Things (IoT) solutions designed to optimize operations, promote connectivity, and ensure secure and customizable Smart City advancements. In April 2022, Saudi Telecom Co. , a portfolio company of Public Investment Fund, and the Public Investment Fund formed IoT Squared for SAR 492 million, in a joint venture transaction. As of August 2023, the company is led by its CEO, Othman Aldahash.
IoT Squared offers a comprehensive range of solutions, such as warehouse operations solutions, that empower organizations to optimize costs and streamline warehouse operations; logistics solutions to elevate hardware, platform, and analytics capabilities and achieve real-time tracking, route optimization, and predictive maintenance. In addition, the company offers connected workforce and smart city solutions that embody sustainability, mobility, and security.
Current Investors
Public Investment Fund, stc Group
Primary Industry
Software
Sub Industries
Logistics Software, Analytics & Performance Software
Website
https://iotsquared.com.sa/
Verticals
IoT (Internet of Things)
Total Amount Raised
Subscriber access only
iot squared - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, LP Direct | Announced | Machinestalk | - | ||||||||
| Joint Venture, LP Direct | Completed | iot squared | - |
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