• Saudi Arabia-based deeptech Terraxy has raised $3 million in a Seed funding round led by Wa'ed Ventures, the venture capital arm of Aramco, with participation from King Abdullah University of Science and Technology (KAUST), to scale its soil regeneration and carbon storage technologies.
• Founded in 2023 by Himanshu Mishra and Dr Adair Gallo as a spinout from KAUST, Terraxy develops Carbosoil, a proprietary soil enhancer designed for arid environments that improves water and nutrient retention and can increase plant growth and yields by up to 70% using the same amount of water and nutrients.
• The company plans to use the new funding to transition from pilot-scale production to industrial deployment, including the development of a 30,000-square-metre commercial facility in Al Zulfi, Saudi Arabia, to support large-scale greening and land rehabilitation projects.

Press release:

Terraxy, a Saudi deeptech startup spun out of King Abdullah University of Science and Technology (KAUST), has raised $3 million in a Seed-2 funding round led by Wa'ed Ventures, the venture capital arm of Aramco, with participation from KAUST.

Founded in 2023 by Professor Himanshu Mishra and Dr Adair Gallo, Terraxy develops proprietary technologies designed to regenerate degraded soils in arid environments and support large-scale greening initiatives. Its flagship product, Carbosoil, is an engineered soil enhancer that improves water and nutrient retention in sandy soils and can increase plant growth and yields by up to 70% while using the same amount of water and nutrients.

The company plans to use the funding to transition from pilot-scale production to industrial deployment and accelerate the commercialisation of its technologies. As part of this expansion, Terraxy is developing a 30,000-square-metre commercial facility in Al Zulfi, Saudi Arabia.

Beyond improving agricultural productivity, Terraxy's technology offers long-term carbon sequestration capabilities by enabling atmospheric carbon dioxide to be stored in soils for centuries, positioning the company at the intersection of climate technology, resource efficiency, and environmental restoration.

The investment reflects growing investor interest in deeptech solutions that address national priorities, including water security, land rehabilitation, and sustainability, while supporting Saudi Arabia's Vision 2030 and Saudi Green Initiative objectives.