Synapse Analytics closes a Pre-Series A round | MAGNiTT
Summary
Subscribe to our platform for dynamic real-time data at your fingertips.Egypt-based AI tech startup, Synapse Analytics, has closed its Pre-Series A funding round led by Egypt Ventures, with participation from Clouderas founder, Amr Awadallah, as well as Africa Platforms Founder, Simon Rowlands, along with existing investors. Synapse Analytics aims at building trust between AI and the businesses trying to adopt machine learning in their operations through its machine learning operations (MLOps) automation platform, Konan.Enterprise Software solutions providers have been emerging with new technologies and raising sizable funds across the MENA region. This year, MENA-based Enterprise Software startups observed a YoY growth of over 130% in Q122, as recorded in our MENA Q1 2022 Venture Investment Report, driven by sizable rounds raised by the likes of KSAs AI-powered Software solutions provider Mozns $10M Series A, and Data Science startup Quants $8M round. We believe the Synapse team possesses the technology and the talent to lead this transformation in the Middle East, and tackle the most challenging aspect of AI adoption through their MLOps Platform said Ahmed Gomaa, Egypt Ventures CEO.Synapse Analytics is helping businesses to adopt AI through its diverse product suite. adoption is everything when it comes to the success of AI" said CEO of Synapse Analytics, Ahmed Abaza.The platform gives data teams full autonomy on their pipeline without relying on extensive support software teams, to help in deployment and scaling of the necessary infrastructure and enables them to better manage their machine learning projects and ensure the success of their adoption.