Arab World's First Bot-Building Startup, WideBot, Scores Pre-Series A Investment From BusinessValley
The six-figure-dollar investment will be used to work on the software and expand the team.
Egyptian bot-building startup, "WideBot" just raised a Pre-Series A investment, preferring not disclosing the full amount however mentioning that it's a six-figure-dollar investment from Business Valley, a regional angel group network.
Founded in late 2016 by Mohamed Nabil and Ahmed Labib, WideBot had first started as an English chatbot building platform but has lately developed an Arabic version as well, which it claims is the first-ever Arabic chatbot builder in the region.
The platform enables people and businesses to build chatbots without coding in less than ten minutes. Although the platform is not available for public yet, it has been used by a small number of partners who have been given its access earlier. However, WideBot confirmed that it, with this investment, it will be making the platform available to anyone with its public launch next month. The startup will also be using the money to develop its software and expand its team.
To date, the startup has helped build over 1,000 chatbots to date that have over 1 million end users. WideBot’s AI engine comes with six Arabic slangs and features different drag and drop templates making it easy for its partners to build the bots.
“WideBot has a great team and very ambitious plans which is why we’ve invested in them," says Business Valley’s Founder Yasser ElRifai. "It was also an important step for us in terms of promoting Arabic-focused AI tech startups.”
