InstaDeep secures £5.5m in Series A funding led by AfricInvest to advance its artificial intelligence platform.
AfricInvest led the Series A round with participation from Endeavor Catalyst to support platform development.
InstaDeep builds advanced decision making artificial intelligence systems for complex industrial challenges. The company operates globally with a focus on high performance computing and reinforcement learning.
InstaDeep has secured £5.5m in Series A funding to support the development of its enterprise artificial intelligence platform. The investment round was led by AfricInvest, with participation from Endeavor Catalyst.
The London-headquartered firm intends to use the capital to drive product development and expand its research initiatives. InstaDeep applies deep reinforcement learning to complex industrial environments to assist enterprises with automated decision-making and optimisation.
The financing follows a period of sustained growth for the company, which maintains a strong focus on advancing machine learning capabilities across international markets.
From the founder
"Through our own cutting-edge research, we have developed a platform that goes beyond what we have seen in AI applications in the past. It can tackle challenging optimisation and automation challenges in dynamic and complex environments such as, but not limited to, mobility, logistics, manufacturing and energy. We already see that our product is providing real value and ROI for our clients"
Karim Beguir
Co-Founder and CEO at InstaDeep
Investor perspective
"InstaDeep has managed to establish an excellent reputation for delivering solid and unique AI solutions, and we are excited to see what they can deliver next with the support from AfricInvest. We believe the company has a bright future ahead and could lead the development of the AI sector throughout the continent and beyond"
Khaled Ben Jilani
Senior Partner, AfricInvest
Use of funds
- 01Continue product development
- 02Fund research and development
