- SARsatX, a Saudi company, raised $2.6 million in a Seed funding round led by TONOMUS, a subsidiary of NEOM.
- SARsatX is the first space startup in the region to graduate from the global Seraphim Space Accelerator program.
- The company plans to expand in the Middle East and North Africa region, targeting markets in Africa, Southeast Asia, and South America.
SARsatX, a Saudi company specializing in advanced ground monitoring analytics solutions, has raised $2.6 million in a Seed funding round. The round was led by TONOMUS, a subsidiary of NEOM, with participation from Wa’ed Ventures, Access Bridge Ventures, and KAUST Innovation.
Founded in 2023 by five founders — Ahmed Alzubairi, Muhannad Almutairi, Amru Alamoudi, Michael Inggs, and Matthew Mccabe— SARsatX focuses on leveraging artificial intelligence and data analytics to develop advanced ground monitoring solutions.
The company targets multiple sectors including agriculture, energy, security, and environmental protection. SARsatX is also the first space startup in the region to graduate from the global Seraphim Space Accelerator program, which helped it establish strategic partnerships in Europe and the United States.
The company aims to strengthen its presence in the Middle East and North Africa region, with plans to expand into markets in Africa, Southeast Asia, and South America.
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