Synapse Analytics, a Cairo, Egypt-based AI technology startup that helps enterprises develop, build, manage and scale AI solutions to optimize & scale operations and grow more sustainably, raised $2 million in a pre-series A.
The round was 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 new funding will accelerate Synapse’s efforts to help businesses adopt AI and expand their operations.
Company: Synapse Analytics
Raised: $2.0M
Round: pre-series A
Funding Month: July 2022
Lead Investors: Egypt Ventures
Additional Investors: Cloudera’s founder, Amr Awadallah, Africa Platforms Founder, and Simon Rowlands
Company Website: https://www.synapse-analytics.io/
Software Category: MLOps Platform
About the Company: Co-founded by Ahmed Abaza and Galal ElBeshbishy in 2018, 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 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. Also offers its flagship platform, Konan, as a software as a service (SaaS), which data science teams can use to ensure smooth deployment and scaling of their AI models.
Source: https://www.wamda.com/2022/06/ai-startup-synapse-analytics-raises-2-million-pre-series-round