Egypt’s AI startup raises $2m in a pre-series A funding round

RIYADH: Egypt-based AI technology startup Synapse Analytics raised $2 million in a pre-series A funding round led by venture capital firm Egypt Ventures with participation from other investors.

The company currently supports business with AI-based products and is aiming to use its acquired funds to further accelerate customer adoption.

“Our mission is to accelerate the world’s adoption of Artificial Intelligence,” Chief Operating Officer of Synapse Analytics, Galal El-Beshbishy, said in a statement.