Tunisia-Born AI Startup InstaDeep Scores $100M from BioNTech & Google
The unique AI-powered decision making systems developed by the startup has landed it on the radars of some mighty big names.
Having landed on radars with its unique AI-powered decision-making systems, Tunis and London-based startup, InstaDeep, has announced a Series B round worth a whopping $100 million. Led by Alpha Intelligence Capital and CDIB, the round also included participation from Google, BioNTech (the company behind Pfizer’s COVID-19 vaccine), Chimera Abu Dhabi, Deutsche Bahn’s DB Digital Ventures, G42 and Synergie.
Founded in 2014 by Karim Beguir and Zohra Slim, InstaDeep has developed an AI system that works towards improving vital business operations. Through harnessing specialised AI technologies such as Reinforcement Learning (an automated learning system), these web systems are geared at designing and implementing efficacious optimisation strategies including, but not limited to, therapeutics development and railway operations.
InstaDeep is planning on utilising this funding to further their software infrastructure, assume optimised decision-making outcomes and advance their workforce. By consolidating the most capable in the industry in tandem with the influx of funds, InstaDeep’s subtract plan of launching cutting-edge AI products can finally be materialised.
