Product Reports Resources Pricing Login Book a demo
COMPANY PROFILE

Si-Ware Systems

Explore full profile

Single-chip FT-NIR spectrometers for portable material analysis

Cairo, EgyptFounded 2004Semiconductors
Valuation $50–100M Last recorded · 2021
Headcount 100–500 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Si-Ware Systems and the history behind them.

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 data

At 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

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
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) —
Showing the latest 2 of 3 recorded eventsBook a demo for the full funding history →

Growth signals

Si-Ware Systems website traffic

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.

Latest monthly visits14K 3-month web change+86.7% 1-year team growth+11.9%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

6 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A2 investors entered at this stage

Series B and later2 investors entered at this stage

  • Egypt Ventures
  • Sawari Ventures

Other known investors2 additional known investors

Team profiled 18 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
7 countries with
team presence
🇪🇬 Egypt85.5%
🇺🇸 United States7.3%
🇫🇷 France3.6%
🇦🇷 Argentina0.9%
🇳🇱 Netherlands0.9%
Top 5 of 7 shown

Market sentiment

Posts on X, past 7 days

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

See Si-Ware Systems’s full profile on Dealroom

Request a free trial to see the complete deal history, financials, people graph and growth signals.

Takes under a minute. Already use Dealroom? Log in.