Arab Finance: Edafa Venture announced the acquisition of two artificial intelligence startups operating in the construction and healthcare sectors during the AI Everything Middle East & Africa – Egypt exhibition, organized by GITEX Global in Cairo on February 11th-12th.

The six-figure dollar acquisitions were among the most prominent investment deals announced during the event, underscoring growing investor interest in AI-driven businesses in Egypt.

The transactions involved Kuadra, a construction technology company, and IRRI Vision, an Egyptian health-tech platform.

Edafa Venture said the acquisitions align with its strategy to expand its presence in the technology and artificial intelligence ecosystem while building an investment platform that supports high-potential startups and facilitates their regional growth.

Kuadra uses AI-powered technologies to improve the planning, management, and execution of large-scale construction projects through interconnected smart operating systems designed to enhance efficiency and streamline operations.

IRRI Vision develops AI-based solutions that help physicians and healthcare providers access faster and more accurate diagnostic tools, with the aim of improving treatment outcomes and healthcare quality.

Essam Aly, CEO of Edafa Venture, said the acquisitions highlight Egypt's growing appeal as a destination for AI investment.

"These developments confirm that Egypt is no longer merely adopting digital solutions; it is building a comprehensive innovation ecosystem capable of developing and exporting technology, further strengthening its position as a regional hub for innovation across the Middle East and Africa," Aly said.

He added that the deals reflect the quality of innovation showcased at the exhibition and the benefits of bringing together entrepreneurs, investors, corporations, and policymakers.

"The exhibition provided an environment where innovative ideas could be transformed into tangible investment opportunities," Aly said. "Such interactions play a critical role in accelerating startup growth and fostering a more dynamic AI ecosystem."

Aly said the acquisitions were part of a broader wave of technology and investment activity at the exhibition, which has developed into a platform for strategic partnerships, investments, and acquisitions amid the rapid growth of AI-focused startups in Egypt and the wider Middle East.