Mawarid Holding Company
Assembly Line
Sceye Secures Funds in Series C Round Led by Mawarid Holding Company
Sceye, a leading U.S. aerospace company specializing in High-Altitude Platform Systems (HAPS), announced the successful closing of its Series C funding round. The round was led by Mawarid Holding Company (“Mawarid”), a prominent Saudi corporation with an established presence in information and communication technology, satellite, and digital solutions.
Sceye strengthened its balance sheet by closing the Series C funding round, which values the Company at a pre-money valuation of $525 million. This provides sufficient liquidity to fund R&D activities, flight programs and launch the initial commercial operations in 2025. This strategic alliance continues Sceye’s successful partnership strategy, following América Móvil’s involvement as the largest investor in their Series B round with a focus on Latin America.