Deal Street

Egyptian Startup Suitera Receives USD 230 K Investment From AUC
Egyptian Startup Suitera Receives USD 230 K Investment From AUC

Suitera, an Egyptian semiconductor startup, has become the second spinoff university company from the American University of Cairo (AUC), emerging with USD 230 K in funding. Three private investors have invested USD 130 K following an initial investment of USD 100 K from Walden Rhines, bringing the total to USD 230 K.

Suitera is a semiconductor startup that aims to provide tools and solutions that help handle the complexity of the design of next-generation integrated circuits, such as 5G circuits. The fresh capital will be used to hire more talent and build on the company’s products.