GI WaaS Saudi Arabia Closes Series A Funding Round with a Valuation Exceeding One Billion Dollars

• GI WaaS Saudi Arabia Closes Series A Funding Round to Support the Water Sector
• The round saw participation from Al Zamil Industrial, Trade & Transport Company and Al Qunaibet Investment Fund
• The deal valuation jumps to over one billion dollars following the funding round closure

GI WaaS, a Saudi company affiliated with GI Aqua Tech, has announced that its valuation has surpassed one billion dollars after closing a Series A funding round with participation from Al Zamil Industrial, Trade & Transport Company and Al Qunaibet Investment Fund.

GI WaaS aims to revolutionize the water sector through an innovative pay-per-cubic-meter model, offering advanced and decentralized solutions for wastewater treatment, specifically designed to meet the needs of industries and communities worldwide.

Thanks to its scalable and advanced technological solutions, the company has solidified its position as a leading startup in this field, becoming the first unicorn in the water services sector in the Middle East and North Africa, according to the press release.

This investment is expected to support the expansion of the company’s operations across Saudi Arabia, the development of new innovative solutions, and the continued innovation in wastewater management to meet the diverse needs of various sectors and communities.

The G-NANO treatment technology, owned by GI WaaS, represents a significant advancement in water treatment and recycling using both stationary and mobile plants.

This technology provides cost-effective and efficient solutions tailored to the needs of various industries.

The system adopted by the company is the first non-biological advanced treatment system that allows for 100% reuse of wastewater without any odors or environmental impact, thus promoting environmental sustainability and improving the quality of life.

It also supports the concept of decentralized treatment, which reduces capital expenditures associated with building sewer networks, making it an ideal alternative to traditional treatment plants.