Synapse Analytics Raises $2M in New Funding

Egyptian startup, Synapse Analytics, has raised $2 million in a new funding round by Silicon Badia and Hub 71 Abu Dhabi.

Why it Matters? The funds will help the startup to accelerate expansion into GCC and Africa.

Founded in 2018 by Ahmed Abaza and Galal El Beshbishy in Egypt and moved later to UAE.
Provides AI solutions to empower businesses to leverage AI for better decision-making, including credit scoring, cross-selling, and dynamic pricing.
Synapse Analytics launched the Konan platform to help financial institutions adopt AI and machine learning, and the Doxter platform to help businesses automate operations.
The startup has raised $2 million in pre-series A round in 2022.

Saudi Arabia Ranked First in MENA Venture Capital Funding

Saudi Arabia was ranked first, as the top venture capital funded...

Saudi-based, Thakaa Med, has secured an undisclosed investment from Falak Angels Network...

Saudi-based, Leajlak, has closed a $2.67 million Seed Round from angel investors,...