iot squared
About iot squared
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 Mandate
Investment Stages3
Asset Classes1
Geographical Focus
Other stated markets12
Requirements
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
Stated Portfolio6
As reported by the investor. We hold no profile for these companies, so they are printed as stated rather than linked.
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