Synapse Analytics, Egyptian AI tech startup, raised $2m in a pre-series A funding round. The round was led by Egypt Ventures, with participation from Cloudera’s founder, Amr Awadallah, as well as Africa Platforms Founder, Simon Rowlands. The total investments for the round amounted to more than $2 million.
Synapse Analytics aims at building trust between AI and the businesses trying to adopt machine learning in their operations through its machine learning operations automation platform, Konan.
“AI is transforming every industry globally at a rapid pace. We believe the Synapse team possesses the technology and the talent to lead this transformation in the Middle East, and tackle the most challenging aspect of AI adoption through their MLOps Platform” said Ahmed Gomaa, CEO of Egypt Ventures.
The startup was co-founded by Ahmed Abaza and Galal ElBeshbishy in 2018 to helping businesses adopt AI through its diverse product suite.
“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 Ahmed Abaza, CEO of Synapse Analytics.
Alongside offering their services, Synapse Analytics also offers its flagship platform, Konan, as a software as a service (SaaS), on which data science teams can and use to ensure smooth deployment and scaling of their AI models.
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