Egypt-based CardoO Secures $660,000 Seed Funding, Unveils IoT-Enabled Smartwatch

Egypt-based CardoO Secures $660,000 Seed Funding, Unveils IoT-Enabled Smartwatch

By Press Release, 29 May 2023
Ahmed Adel, founder of CardoO

Photo: Ahmed Adel, founder of CardoO

The Egyptian startup CardoO, specialised in Internet of Things (IoT) devices, launches its first IoT-Enabled Smartwatch. This step comes shortly after CardoO's success in closing a seed fund round of $660,000, led by the Alexandria Angel Network, with participation from Sofico Investments and angel investors from Saudi Arabia.

This cutting-edge smartwatch marks CardoO's debut in the IoT-enabled device market, with the intention of simplifying and enhancing the lifestyle of its users through advanced features and connectivity.

The CardoO Watch is a stylish and versatile wearable that combines fashion and functionality. With its sleek design and premium build quality, it is a perfect companion for individuals seeking a balance between style and technology. Packed with powerful features, the CardoO Watch offers an array of functionalities to cater to the diverse needs of modern-day consumers.

"We are thrilled to introduce the CardoO Watch, our first IoT-enabled product that combines style, functionality, and connectivity," said Ahmed Adel, Founder and CEO of CardoO. "Sleek design meets functionality in CardoO Watch, making it the perfect companion for a fashionable and active lifestyle. With its advanced features and seamless integration with the CardoO mobile app, the CardoO Watch represents a significant milestone in our commitment to delivering innovative and accessible smart devices to our valued customers, we are proud to have developed this Egyptian technology product with a team of Egyptian developers in the company."

Adel added, "The new watch is designed to be compatible with the CardoO smart application, which can be downloaded for free on smartphones. We developed this application based on artificial intelligence algorithms to provide data analysis and recommendations, enabling a professional user experience."

Adel emphasised that the new product meets the needs of the middle-class segment with its competitive price. He explained that the initial stage will target distribution within the Egyptian market, with plans to expand to other regional countries in subsequent stages.

The CardoO Watch is engineered with a robust and efficient RTL8762DK chip, backed by 128MB of memory, ensuring smooth and fast operation. With a durable zinc alloy body, IML finish, and IP68 waterproof rating, it ensures longevity. Its 1.9" IPS full-view color screen produces sharp images with a resolution of 240x283 at 320 PPI. The device offers a 260mAh polymer lithium battery for 5-7 days of regular use and up to 20 days in power-saving mode. Designed for Android 4.4+ and iOS 10.0+ devices, it supports multiple languages for a more personalized experience.

The CardoO Watch is set to redefine how people interact with technology, emphasizing the potential of the Internet of Things. It empowers users to stay connected, monitor their health, and manage their daily tasks, all on their wrist.

The CardoO Watch will be available on May 28, 2023 on the CardoO website and through selected retail partners.


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