InstaDeep, a London, UK-based leader in advanced AI decision-making systems for solving real-world problems, announced that it closed $100 million in Series B funding.
The round was led by Alpha Intelligence Capital together with CDIB, investors in the round include BioNTech, Chimera Abu Dhabi, Deutsche Bahn’s DB Digital Ventures, Google, G42, and Synergie.
InstaDeep will use the funding to advance its high-performance computing infrastructure optimized for decision-making AI, continue to hire elite talent, and accelerate the launch of disruptive AI products across multiple industries – including biotech, logistics, transportation, and electronics manufacturing. The firm will expand its global presence into the United States.
Company: InstaDeep Ltd.
Raised: $100.0M
Round: Series B
Funding Month: January 2022
Lead Investors: Alpha Intelligence Capital
Additional Investors: CDIB, BioNTech, Chimera Abu Dhabi, Deutsche Bahn’s DB Digital Ventures, Google, G42, and Synergie
Company Website: https://www.instadeep.com/
Software Category: AI decision-making systems
About the Company: Founded in 2014, InstaDeep is a leader in decision-making AI systems, with headquarters in London, and offices in Paris, Tunis, Lagos, Dubai, and Cape Town. InstaDeep has been named for two consecutive years to the CB Insights AI 100 ranking, which showcases the 100 most promising private artificial intelligence companies in the world. With expertise in both machine intelligence research and concrete business deployments, InstaDeep gives its partners a competitive advantage in an AI-first world. Leveraging its extensive know-how in GPU-accelerated computing, deep learning, and reinforcement learning, InstaDeep products, such as its DeepChainTM protein design platform, tackle the most complex challenges across a range of industries. InstaDeep has also developed collaborations with global leaders in the AI ecosystem, such as Nvidia and Intel, and has published joint research with DeepMind.
Source: https://www.instadeep.com/2022/01/instadeep-raises-100m-to-scale-decision-making-ai-products-that-solve-real-world-problems/