S
Si-Ware Systems
Single-chip FT-NIR spectrometers for portable material analysis
About Si-Ware Systems
Si-Ware Systems is a fabless semiconductor company that provides sensing solutions, including custom ASIC development and optical MEMS products. The company was founded in Egypt in 2004 by Hisham Haddara, Bassam Saadany, and Ayman Ahmed. Haddara, the current CEO, has an extensive background in the microelectronics industry, having previously founded ANACAD Egypt (later acquired by Mentor Graphics) and served as a professor at Ain-Shams University. Saadany, the CTO, has over 25 years of experience in the photonics and semiconductor industry and is the principal inventor of the company's SiMOST™ technology.
The company's core technology platform, Silicon-integrated Micro-Optical Systems Technology (SiMOST™), enables the creation of multiple optical components on a single silicon chip. This led to the development of their flagship product line, NeoSpectra, the world's first single-chip FT-IR spectrometer. These miniature spectral sensors are designed for material analysis and offer performance comparable to larger, lab-based spectrometers at a significantly smaller size and lower cost. The product portfolio includes the NeoSpectra-Micro, a chip-sized sensor for integration into handheld mobile devices, and the NeoSpectra Scanner, a standalone portable device. These tools allow for immediate, on-site quantification of material composition, detection of impurities, and quality assessment across industries such as agriculture, food, oil and gas, and healthcare.
Si-Ware's business model involves selling these hardware components and devices to OEMs and system integrators. It also provides a cloud-based software platform, including the NeoSpectra LabStore, which offers calibration models required for various applications. This ecosystem allows businesses without in-house NIR spectroscopy expertise to deploy the technology for field analysis. In May 2025, the NeoSpectra business, including all products and services, was acquired by BUCHI, a company specializing in laboratory and process analytics. Si-Ware Systems continues to operate, focusing on developing advanced sensing solutions for other markets like manufacturing, automation, and healthcare.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2004
- Headquarters
- Cairo, Egypt
- Employees
- 169
- Open positions
- 3
- Dealroom signal
- 79.2/100
- Industry
- Semiconductors
- Sector
- Semiconductors, Optical Technology, Spinout, DT and LS, science-based
- Technology
- Deep Tech, Recognition Technology
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VC✓Equity / VC | Feb 2021 | $9M | $36M | Egypt Ventures · Sawari Ventures | — |
| EARLY VC✓Equity / VC | Jan 2013 | $10M | $40M | Ideavelopers · Riyad Taqnia Fund (RTF) | — |
Growth signals
Latest recorded traffic for Si-Ware Systems is 14K monthly website visits, up 86.7% over the last three months. Si-Ware Systems's team grew 11.9% over the past year.
Open positions
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A2 investors entered at this stage
Ideavelopers
Riyad Taqnia Fund (RTF)
Series B and later2 investors entered at this stage
Egypt Ventures
Sawari Ventures
Other known investors2 additional known investors
Ain Shams University
BECO Capital
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Si-Ware Systems on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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