Smart meter startup Amjaad Technology raises fund for its pre-Series A round

EGYPT – Amjaad Technology, a smart metre and internet of things (IoT) startup, has raised a six-figure funding round from Bahrain-based Dhaman company as part of an ongoing pre-Series A round. Founded in September by Hussein Darwish, Amjaad uses metering technology to help service providers of electricity at various utilities manage their energy consumption. “The market today is rapidly accelerating towards digital transformation and IoT has become the backbone of many systems around the world. Amjaad is a leading company in this field with a great vision to impact more…

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