Synapse Analytics an Egypt-based artificial intelligence (AI) tech startup, has secured $2 million in a pre-series A funding round
The round was led by Egypt Ventures the other investors that participated in the round include Cloudera’s Founder, Amr Awadallah, and Africa Platforms' Founder, Simon Rowlands, alongside other existing investors.
The new funding will help the company to enable businesses to adopt AI and machine learning and expand its operations.
Company: Financial Technologies Inc.
Round: Pre-Series A
Funding Month: June 2022
Lead Investors: Egypt Ventures
Additional Investors: Cloudera’s Founder, Amr Awadallah, Simon Rowlands
Company Website: https://www.synapse-analytics.io/
Software Category: MLOps Platform
About the Company: Founded in 2018 by Ahmed Abaza and Galal El-Beshbishy, the startup provides its customers with its platform, Konan, as a software as a service (SaaS), which can be used by data science teams to ensure smooth deployment of their AI models. Synapse Analytics is a data science, machine learning, and artificial intelligence company that offers both services and products that help organizations better use and monetize their data. Synapse Analytics products help business leaders, IT professionals, and data science better manage their data workflows and better monitor their algorithmic performances. Synapse Analytics' mission is to democratize artificial intelligence to the whole region.