{"id":40641,"date":"2025-02-21T21:09:18","date_gmt":"2025-02-21T18:09:18","guid":{"rendered":"https:\/\/entarabi.com\/?p=40641"},"modified":"2025-02-21T21:16:56","modified_gmt":"2025-02-21T18:16:56","slug":"gi-waas-saudi-arabia-closes-series-a-funding-round-with-a-valuation-exceeding-one-billion-dollars","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2025\/02\/gi-waas-saudi-arabia-closes-series-a-funding-round-with-a-valuation-exceeding-one-billion-dollars\/","title":{"rendered":"GI WaaS Saudi Arabia Closes Series A Funding Round with a Valuation Exceeding One Billion Dollars"},"content":{"rendered":"<ul>\n<li dir=\"ltr\" style=\"text-align: left;\"><strong data-start=\"0\" data-end=\"82\" data-is-only-node=\"\">GI WaaS Saudi Arabia Closes Series A Funding Round to Support the Water Sector<\/strong><\/li>\n<li dir=\"ltr\" style=\"text-align: left;\"><strong data-start=\"85\" data-end=\"200\">The round saw participation from Al Zamil Industrial, Trade &amp; Transport Company and Al Qunaibet Investment Fund<\/strong><\/li>\n<li dir=\"ltr\" style=\"text-align: left;\"><strong data-start=\"203\" data-end=\"295\" data-is-last-node=\"\">The deal valuation jumps to over one billion dollars following the funding round closure<\/strong><\/li>\n<\/ul>\n<p dir=\"ltr\" style=\"text-align: left;\">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 &amp; Transport Company and Al Qunaibet Investment Fund.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"266\" data-end=\"514\">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.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"516\" data-end=\"777\">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.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"779\" data-end=\"1041\">This investment is expected to support the expansion of the company&#8217;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.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"1043\" data-end=\"1313\">The G-NANO treatment technology, owned by GI WaaS, represents a significant advancement in water treatment and recycling using both stationary and mobile plants.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"1043\" data-end=\"1313\">This technology provides cost-effective and efficient solutions tailored to the needs of various industries.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"1315\" data-end=\"1762\" data-is-last-node=\"\" data-is-only-node=\"\">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.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\" data-start=\"1315\" data-end=\"1762\" data-is-last-node=\"\" data-is-only-node=\"\">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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 &#038; Transport Company and Al-Qunaibet Investment Fund.<\/p>\n","protected":false},"author":11,"featured_media":40636,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1772],"tags":[7313,7311,7309,7310,7312],"class_list":["post-40641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startups","tag-al-qunaibet-investment-fund","tag-al-zamil-industrial","tag-gi-aqua-tech","tag-gi-waas","tag-trade"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/40641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=40641"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/40641\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/40636"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=40641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=40641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=40641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}