STARTUP WATCH- Garment IO secures USD 450k in seed funding: Cairo-based software company Garment IO has raised USD 450k in seed funding from Egypt Ventures and accelerator 500 Startups, Menabytes reports. The Software as a Service company produces software to help garment factories improve their productivity. It collects real-time data from production lines using IoT smart terminals and provides factory managers with production order tracking and a live transaction feed. Garment IO will use the investment to expand its operations in Egypt, build its tech team and upgrade customer support, co-founder and CEO Ahmed Nounou said, adding that the company has plans to launch their product in Jordan, Tunisia, Morocco, and Turkey.

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