Strategic Development Fund is the investment arm of the United Arab Emirates Tawazun Council.
Portfolio
2
companies
Dronamics
Dronamics builds long-range cargo drones for same-day freight delivery.
EdgeQ
EdgeQ builds a compact 5G and artificial intelligence base station on a chip for wireless infrastructure.
Abdulla Naser Al Jaabari
Managing Director and CEO
The financing round was backed by institutional and strategic investors including Phaistos Investment Fund and Strategic Development Fund.
"It is really exciting to see a rich mix of institutional and strategic investors validate the mission and spirit of EdgeQ. We are here to empower and enable new players, new participants, and new providers of 5G connectivity and internet access in simplistic, affordable terms,"
The cargo drone airline has raised pre-Series A capital from international venture funds and angel investors.
