{"id":547457,"date":"2022-06-22T04:26:57","date_gmt":"2022-06-22T04:26:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/22\/local-ai-startup-snags-usd-2-mn-pre-series-a-round\/"},"modified":"2022-06-22T04:26:57","modified_gmt":"2022-06-22T04:26:57","slug":"local-ai-startup-snags-usd-2-mn-pre-series-a-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/22\/local-ai-startup-snags-usd-2-mn-pre-series-a-round\/","title":{"rendered":"Local AI startup snags USD 2 mn+ pre-series A round"},"content":{"rendered":"

<\/a> Local AI tech startup <\/strong>Synapse Analytics<\/a><\/strong> has raised over USD 2 mn in a pre-series <\/strong>A round<\/strong>, it said in a press release (pdf<\/a>). The round was led by Egypt Ventures, with participation from Cloudera founder Amr Awadallah, Africa Platform founder Simon Rowlands, and existing investors.<\/p>\n

Synapse wants to accelerate AI adoption for companies,<\/strong> aiming to \u201cbuilding trust between AI and the businesses trying to adopt machine learning in their operations,\u201d the statement read. Founded by Ahmed Abaza and Galal El Beshbishy in 2018, the company advises firms in industries including financial services, logistics and fast-moving consumer goods (FMCG) on how best to infuse AI into their businesses.<\/p>\n

ICYMI- Synapse co-founder <\/strong>Ahmed Abaza<\/a><\/strong> participated in our recent roundtable discussion <\/strong>on how companies can best leverage their AI potential. Read it here<\/a>, or listen to the discussion as a podcast on our website (runtime: 44:01<\/a>) or via your favorite podcasting platform.<\/p>\n","protected":false},"excerpt":{"rendered":"

Local AI tech startup Synapse Analytics has raised over USD 2 mn in a pre-series A round, it said in a press release (pdf). The round was led by Egypt Ventures, with participation from Cloudera founder Amr Awadallah, Africa Platform founder Simon Rowlands, and existing investors. Synapse wants to accelerate AI adoption for companies, aiming […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[7094,72,95],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-547457","post","type-post","status-publish","format-standard","hentry","category-startup-watch","tag-ai","tag-enterpriseam","tag-startup-watch","wpautop","entry"],"acf":{"mongo_id":"08c66de3-22d4-4619-9577-033f5a000666","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[547441],"teaser":"","voice_url":""},"yoast_head":"\nLocal AI startup snags USD 2 mn+ pre-series A round - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/22\/local-ai-startup-snags-usd-2-mn-pre-series-a-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Local AI startup snags USD 2 mn+ pre-series A round\" \/>\n<meta property=\"og:description\" content=\"Local AI tech startup Synapse Analytics has raised over USD 2 mn in a pre-series A round, it said in a press release (pdf). 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The round saw participation from Saudi VC STV as well as existing investors including Impact46, Outlier Venture\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/118.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544527,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/08\/logistics-startup-naqla-raises-usd-10-5-mn-in-pre-series-a-funding\/","url_meta":{"origin":547457,"position":2},"title":"Logistics startup Naqla raises USD 10.5 mn in pre-series A funding","author":"enterpriseam admin","date":"8 March 2022","format":false,"excerpt":"Trucking startup Naqla has raised USD 10.5 mn in a pre-series A round led by El Sewedy Capital Holding, Hassan Allam Holding and the Sallam family, according to a press release out yesterday.How the funding will be deployed: Naqla will use the funding to launch new segments including its Naqla\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/92.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":614107,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/28\/dxwand-secures-usd-4-mn-to-step-up-ai-research-and-regional-expansion\/","url_meta":{"origin":547457,"position":3},"title":"DXwand secures USD 4 mn to step up AI research and regional expansion","author":"enterpriseam admin","date":"28 January 2024","format":false,"excerpt":"The startup plans to use the fresh funds for regional expansion","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2239.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558980,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/04\/micro-lending-app-cassbana-raises-usd-1-mn-from-distruptech\/","url_meta":{"origin":547457,"position":4},"title":"Micro-lending app Cassbana raises USD 1 mn+ from Distruptech","author":"enterpriseam admin","date":"4 January 2021","format":false,"excerpt":"Microfinance startup Cassbana has raised USD 1 mn+ in a funding round led by Disruptech, former Fawry CEO Mohamed Okasha\u2019s USD 25 mn fintech fund, the startup said in a statement carried by Al Mal. 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