4 months ago

GI WaaS Achieves Unicorn Status with Eight-Figure Series A Funding

  • GI Water as a Service (GI WaaS), a Saudi water purification company, secured eight-figure Series A funding, achieving unicorn status with a $1 billion valuation

  • The funding, led by Al Zamil Industry, Trade, and Transport and Al Qunaibet Investment Fund, will support the expansion of its G-Nano technology-based wastewater treatment facilities across the GCC and Southeast Asia

  • GI WaaS focuses on decentralized, sustainable solutions for medium and small-scale plants.

      • ProblemWater Management

      "Water scarcity in the MENA region is worsening due to climate change, population growth, and unsustainable water management. A significant portion of wastewater goes untreated, creating environmental problems and limiting water resources."

      Solution

      "GI WaaS offers a decentralized wastewater treatment system using G-Nano technology. This technology enables 100% wastewater reuse with minimal environmental impact, significantly reducing energy consumption and land use compared to traditional methods. It's a plug-and-play solution, making it adaptable for various settings."

      Covered on