Si-Ware Systems

Si-Ware Systems, established in 2004 by Hisham Haddara and Bassam Saadany, operates as a fabless semiconductor company, focusing on the development of Fourier-Transform Near-Infrared (FT-NIR) spectral sensing technology. The company's core innovation is its proprietary Micro-Electro-Mechanical Systems (MEMS) technology, branded as Silicon-integrated Micro Optical Systems Technology (SiMOST), which allows for the creation of multiple optical components on a single silicon chip. This technological foundation enabled the development of the NeoSpectra platform, a key product line that has effectively miniaturized laboratory-grade material analysis for field applications. The business targets a diverse range of industries, including agriculture, food production, pharmaceuticals, and oil and gas. Its business model revolves around providing an integrated material analysis solution. This encompasses not just the handheld NeoSpectra scanners but also a comprehensive software-as-a-service (SaaS) platform, NeoSpectra LabStore, which hosts calibration models necessary for analyzing different materials. Revenue is generated through the sale of these hardware devices and recurring subscriptions to the software and calibration model ecosystem. This approach provides clients, such as farmers, food processors, and quality control managers, with the ability to conduct real-time analysis of materials like animal feed, grains, and dairy products directly at the point of need, bypassing the delays and costs associated with traditional laboratory testing. The NeoSpectra product family includes the NeoSpectra Scanner, a portable device that delivers lab-accurate results in seconds. A significant milestone in the company's journey was the introduction of the world's first single-chip FT-NIR spectrometer in 2014, which underpins the NeoSpectra platform. Si-Ware Systems has successfully raised capital to fuel its growth, including a notable $9 million Series B round, with investments from firms like Sawari Ventures and Egypt Ventures. This funding has supported the expansion of its global sales and support network, with R&D centers located in Egypt, France, and the USA. Keywords: semiconductor, FT-NIR spectroscopy, material analysis, MEMS technology, precision agriculture, food testing, SaaS, portable scanner, spectral sensing, fabless