Saudi-based space analytics startup SARsatX has successfully closed a $2.6M seed funding round, led by TONOMUS – the cognitive tech arm of NEOM, with participation from Wa’ed Ventures (Aramco’s VC arm), Access Bridge Ventures, and KAUST Innovation Ventures.
This funding marks a major milestone for SARsatX as it enhances its Earth Observation (EO) analytics and accelerates satellite data integration, positioning it as a key player in MENA, with expansion plans across Africa, Southeast Asia, and South America.
SARsatX’s mission is to support vital sectors such as agriculture, environmental protection, energy, and security, by leveraging AI and big data analytics to generate actionable insights aligned with Saudi Arabia’s Vision 2030.
Dr. Ahmed Alzubairi, Co-founder and CEO of SARsatX, stated:
“We value our partners’ trust. This funding will help us realize our vision of becoming the region’s leading EO solutions provider.“
Dr. Muhannad Almutiry, Co-founder and Chief Business Officer, added:
“EO analytics unlock immense potential in urban planning, precision agriculture, disaster response, and more.“
TONOMUS, as lead investor, brings robust expertise and a strong innovation track record. Wa’ed Ventures’ involvement signals the energy sector’s growing interest in space tech localization.
Access Bridge Ventures and KAUST Innovation Ventures demonstrate rising investor confidence in space tech’s future in the Kingdom and the region.
Notably, SARsatX is the first MENA-based space startup to graduate from the global Seraphim Space Accelerator, empowering it to forge strategic partnerships across Europe and the U.S., and localize cutting-edge space technologies.
