Egyptian IoT Startup Garment IO Grabs USD 450 K Seed Funding From 500 Startups & Egypt Ventures
Egyptian startup, Garment IO, has raised USD 450 K in a seed round that drew participation from Egypt Ventures and 500 Startups (Falcons).
Garment IO is a SaaS (Software-as-a-Service) for garment producers which was co-founded in 2017 by Ahmed Nounou and Mahmoud Sabae. The Cairo-based startup helps garment producers increase productivity using real-time data from production lines through a plug-and-play IoT smart terminal.
Garment IO terminals can be installed easily on all factory machines, requiring just a simple power outlet and Wi-Fi. Additionally, the terminals can be used for more than data collection as they also find used in employee check-ins.
As reported by StartupScemeME, the latest investment is expected to help the company improve upon its operations in Egypt.
“We plan to strengthen our capabilities as an industry to streamline the sales and operations functions, to make it faster and more efficient. It also helps enhance our product in reliability and user experience and to expand to more factories while keeping the product robust,” Nounou is quoted as saying with regards to the development.
Garment IO’s software provides information on production order tracking and bottlenecks, style tracking, live transaction feed, quality level, and machine downtime among other things in both English and in Arabic.
Going forward, the startup plans to expand to Jordan, Tunisia, Morocco, and Turkey as well. At the moment, though, the goal is to assist local fashion companies in reaching their goals.
