Cairo - Sharikat Mubasher: Edafa Venture Capital, a leading Saudi-Egyptian investment company specializing in venture capital for startups in Egypt and the Middle East, announced the acquisition of Kuadra, a construction technology company, and IRRI Vision, a health-tech platform, in six-figure dollar deals.
The acquisitions, announced during AI Everything Middle East and Africa – Egypt exhibition, reflect Edafa Venture’s strategy to strengthen its presence in the technology and artificial intelligence ecosystem, the company announced in a press release yesterday.
These deals align with Edafa’s mission to build an investment platform that supports promising startups and helps them expand regionally, accelerating the adoption of AI-driven solutions across key industries.
Essam Aly, CEO of Edafa Venture, affirmed that the acquisition deals demonstrate Egypt’s growing attractiveness as a destination for AI investment. “These developments confirm that Egypt is no longer merely adopting digital solutions; it is building a comprehensive innovation ecosystem capable of developing and exporting technology, further strengthening its position as a regional hub for innovation across the Middle East and Africa,” he said.
Aly further noted that the deals reflect the quality of innovation showcased during the exhibition and highlight the value of bringing together entrepreneurs, investors, major corporations, and policymakers under one roof.
Kuadra leverages AI to transform the planning, management, and execution of large-scale construction projects through interconnected smart operating systems that enhance efficiency and streamline project operations.
Meanwhile, IRRI Vision is an Egyptian health-tech company that develops AI-powered solutions to support physicians and healthcare providers with faster, more accurate diagnostic tools, helping improve treatment outcomes and the overall quality of healthcare services.
