Stellaria raises a $6.8M seed from angels at a $114.4M valuation

DUBAI — Stellaria, the geospatial-AI company formerly known as Farmin, has raised a $6.8M (AED 25M) seed round at a $114.4M valuation from angel investors. Wamda reports the Emirati-founded company, led by Ali AlHammadi and an alumnus of the MBRIF accelerator, will scale its Stella operating system for satellite imagery, maritime and port intelligence and environmental monitoring.

Cold Water, in brief. Headline: a seed round at $114.4M. Actually: $6.8M of equity from unnamed angels, no institutional lead named. So what: the valuation is a data point on how UAE sovereign-adjacent deeptech is priced, not a market-clearing mark set by a fund with a reserve strategy.

What it prices in: satellite analytics for ports, maritime and the environment sits close to the customers the UAE cares about most, and angels near those customers are willing to pay for proximity.

Will it work? The next round decides. A priced Series A from an institutional lead at or above this mark would validate the angels; a flat round would say the seed set the ceiling. Either way, UAE space-and-maritime AI is now on the venture map.

Source: Wamda