Si-Ware Systems
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Si-Ware Systems - overview
Established
2004
Location
Cairo, -, Egypt
Primary Industry
Electronics
About
Based in Egypt, Si-Ware Systems specializes in advanced sensing technologies that integrate physical and digital realms, offering innovative solutions for various industries, including agriculture and environmental monitoring. Si-Ware Systems, founded in Cairo, Egypt in 2004, focuses on advanced sensing technologies. The company has successfully raised USD 9. 00 mn in funding as of February 2021, co-led by Egypt Ventures and Sawari Ventures.
The current CEO is Youssri Helmy, who plays a pivotal role in driving the company's strategic initiatives in the sensing technology sector. Si-Ware Systems specializes in advanced sensing technologies that bridge the physical and digital worlds. Their core offerings include a range of sensors, sensing software, and integrated solutions designed for applications in agricultural technology, environmental monitoring, and quality assurance. Notable products include the Si-NIR Mini and Si-NIR Matrix, which provide reliable spectral sensing capabilities for various surfaces, and the CropScout platform that automates crop care.
These products are aimed at optimizing performance and enhancing decision-making for a diverse client base that includes agricultural producers, food manufacturers, and laboratory service providers. Si-Ware Systems markets its products primarily in North America and Europe, serving industries focused on agriculture, food safety, and environmental sustainability. Si-Ware Systems generates revenue through a combination of direct sales of its sensing devices and software solutions, as well as through collaborative partnerships with industry leaders. The company's business model includes offering both ready-to-deploy products and co-developed solutions, which allows for tailored applications to meet specific customer needs.
Flagship products such as the NeoSpectra platform are part of a comprehensive offering that may include subscription-based services and direct sales to business clients in various sectors. Transactions typically occur in a B2B framework, where clients engage with the company for specialized sensing technologies that enhance operational efficiency and data accuracy. The company’s engagement model is designed to facilitate flexible partnerships and enable clients to integrate Si-Ware's technologies into their systems effectively. In February 2021, Si-Ware Systems raised USD 9.
00 mn in venture funding co-led by Egypt Ventures and Sawari Ventures. The company plans to utilize this funding to finance hiring efforts and product development, reinforcing its commitment to innovation. Si-Ware Systems is focused on expanding its product offerings, though specific upcoming products and their release dates have yet to be disclosed. The company also aims to enter new markets, targeting regions in North America and Europe for further expansion, with plans to enhance its presence in these areas by the end of 2023.
Current Investors
Ideavelopers, Taqnia, Sawari Ventures
Primary Industry
Electronics
Sub Industries
Consumer Electronics, Electronics, Fabless Semiconductors
Website
www.si-ware.com
Verticals
IoT (Internet of Things), Manufacturing
Company Stage
Series A
Total Amount Raised
Subscriber access only

Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.