iot squared
Overview
Established in 2022, iot squared is a joint venture between Saudi Arabia's Public Investment Fund (PIF) and stc Group, aiming to be a leading provider of Internet of Things (IoT) solutions in Saudi Arabia. The company focuses on accelerating the adoption of IoT technologies across various sectors, delivering industry-leading solutions that provide real-time insights for critical decision-making and intelligent operations. iot squared's key verticals include smart cities, smart mobility, and logistics, offering a comprehensive suite of services encompassing IoT sensors, platforms, and applications. The company's strategy involves collaborating with over 120 industry leaders to develop and implement IoT solutions that empower Saudi Arabia's digital economy. iot squared's offerings span smart lighting, waste management, micro-mobility services, and smart municipal services such as flood monitoring and AI-based inspections. These initiatives aim to optimize infrastructure, elevate sustainability, and enrich urban living, contributing to the Kingdom's Vision 2030 objectives. In its pursuit of innovation, iot squared has formed strategic partnerships with companies like Aqara to accelerate smart home adoption and Ossia to integrate wireless power technologies. These collaborations reflect iot squared's commitment to advancing IoT research and development in Saudi Arabia, aligning with the nation's digital transformation goals and supporting its ambition to become a globally competitive technology hub.
Investment Focus
- Focus on IoT solutions
- Alignment with Saudi Arabia's Vision 2030
- Potential for scalability in the MENA region
- Innovative technologies in smart cities, smart mobility, or logistics sectors
Portfolio Companies
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Frequently asked questions about iot squared
What sectors does iot squared invest in?
iot squared invests in Technology, Infrastructure, Telecommunications, Logistics, Manufacturing and Sustainability, and is based in Saudi Arabia. iot squared is listed as a corporate vc in the ConnectSafely investor database.
What stage does iot squared invest at?
iot squared backs companies at Early Stage, Growth and Late Stage, writing cheques of 1M - 50M.
Which regions does iot squared invest in?
iot squared invests across United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Oman and Egypt.
Who are the partners at iot squared?
Team members listed for iot squared include Yousef Abed (Chief Product Officer) and Shabbab Al-ghamdi (Chief Commercial Officer).
What companies has iot squared invested in?
iot squared's portfolio includes Safe Security, Alshaya Group, Aqara, Ossia, Pairpoint and One Network Enterprises.
How do I contact iot squared?
iot squared's contact details — including LinkedIn — are listed in the ConnectSafely investor database, along with its website and the LinkedIn profiles of its partners.
Last updated · Source: ConnectSafely investor database
