Egyptian AI tech startup, Synapse Analytics, has concluded its pre-series A funding round. Led by Egypt Ventures, with participation from Cloudera’s founder, Amr Awadallah, as well as Africa Platforms Founder, Simon Rowlands, along with existing investors. The total investments for the round amounted to more than $2- million.
“AI can create unprecedented differentiation to any business. Businesses are hiring vast data teams, but unfortunately, most projects stay in experiment mode, off-production mode or if they ever go to production, they’re rarely trusted by the business due to the diffusion of responsibility that usually occurs in the process. adoption is everything when it comes to the success of AI” said CEO of Synapse Analytics, Ahmed Abaza.
The company was co-founded by Ahmed Abaza and Galal ElBeshbishy in 2018. “The data scientist is central to our design. Our platform allows data scientists to focus on what they do best: build state-of-the-art ML algorithms. Once the model is built, Konan takes care of the rest of the lifecycle. Our mission is to accelerate the world’s adoption of Artificial Intelligence.” said the COO of Synapse Analytics, Galal El-Beshbishy.
