InstaDeep secures £74m Series B funding led by Alpha Intelligence Capital and CDIB to scale decision making artificial intelligence products.
Alpha Intelligence Capital and CDIB led the Series B financing alongside participants including BioNTech, Google, and Deutsche Bahn.
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 £74m in a Series B funding round led by Alpha Intelligence Capital and CDIB. The capital will be directed towards scaling the firm high performance computing infrastructure, recruiting technical talent, and launching new products across sectors including logistics and biotech. Additional participation in the round came from BioNTech, Chimera Abu Dhabi, Deutsche Bahn arm DB Digital Ventures, Google, G42, and Synergie.
The business has previously established prominent partnerships, such as a joint innovation laboratory with BioNTech to monitor SARS-CoV-2 variants and a railway scheduling automation project with Deutsche Bahn. Founded in Tunis before establishing its headquarters in London, the enterprise continues to maintain a broad international presence across Africa, Europe, and the Middle East.
From the founder
"This funding round is a tremendous vote of confidence from our partners BioNTech, Google and Deutsche Bahn after working closely with us on innovative, high-impact AI initiatives"
Karim Beguir
Co-Founder and CEO at InstaDeep
Investor perspective
"InstaDeep has demonstrated unique capabilities in solving very complex railway problems using groundbreaking AI-first technologies. The team’s skills and thought leadership in this space have paved the way for the adoption of cutting-edge AI technologies in the railway domain. We are happy to join the investment round and enable a stronger partnership with Deutsche Bahn to jointly harness the potential of applying AI."
Boris Kuehn
Managing Director, DB Digital Ventures
Use of funds
- 01Build out infrastructure
- 02Grow the team
- 03Continue product development
- 04Expand into international markets
Investors
Arnaud Barthelemy
Alpha Intelligence Capital
CDIB
BioNTech
Chimera Abu Dhabi
Boris Kuehn
DB Digital Ventures
G42
Synergie
