IoT Omani startup eMushrif scores $1 million in Pre-Series A funding
Summary
announced today that it has successfully completed a Pre-Series A funding by a prominent group of Oman-based investors (Phaze ventures, Oman Technology Fund – Wadi, Sparklabs energy, holding Angels) and one Bahrain based investor (Dividend Gate Capital). The investment will focus on the growth of eMushrif operations across mass production of IoT devices, R&D of new technologies, sales, marketing and research regional markets, as well as strengthening the product offering to feature state of the art technologies and services in IoT and AI. Commenting on technology, Awadh Alshukaili, Co-founder and CTO, said “At this day and age, Internet of Things and Artificial Intelligence are becoming an important part of logistics. At eMushrif we solve real-life problems using these technologies and challenge our own solutions every single day to set the bar higher and over deliver to our happy clients”. Issa Alshuaili, Co-founder and COO, said “In the past two years of operation, we served Tens of schools in Oman, Thousands of parents use our system everyday which is installed on Hundreds of buses across the country, and just last month, we completed 1 million protected trips”.