The investment will aim towards regional expansion and upscaling the innovative platform.
UAE-based data intelligence provider and Arabic-language social media monitoring platform, Crowd Analyzer, announces the successful closing of their Series A funding round with over $3.5 million in the bag. The round was led by regional investors and venture capital firms including TechInvest, Wamda Capital, Faith Capital, Daring Capital, and Arzan VC. The funds raised will enable Crowd Analyzer to enhance and disrupt the technology behind their state-of-the-arts platform and support further expansion of its operations in the region.
The data intelligence startup specialises in Arabic-language-focused social media monitoring and content analysis tools using artificial intelligence (AI), proprietary machine learning and natural language processes to ensure sentiment, relevance and accurate identification of Arabic-language content. Since its establishment in 2014, the startup has raised an estimate of $5 million in funding.
“As the first Arabic-focused social media monitoring platform, Crowd Analyzer continues to offer indispensable intelligence to companies and brands in the region, helping them to know, understand and access their consumer base quicker and easier than ever before,” said Ahmed Saad, co-founder and CEO of Crowd Analyzer. “By the end of the Series A funding cycle, we now have three of the five investors involved working directly with us. Through this latest round of fundraising, they have recognised our growth and potential.”
The series A funding secured by the startup will accelerate the startup’s learning capabilities into adapting new technologies and enhancing existing ones to further establish its prominence in the market. Commercially, the funds will also be used to help the startup expand its regional footprint and expand to Saudi Arabia and Egypt, as well as unlocking local talent in the respective cities.
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