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.
More to Know:
- 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.