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The London-based start-up InstaDeep, having Google, BioNTech, and the Emirati government among its clients is spreading its operations in some of the African countries. Its expertise lies in artificial intelligence and machine learning
The London-based start-up InstaDeep, having Google, BioNTech, and the Emirati government among its clients is spreading its operations in some of the African countries. Its expertise lies in artificial intelligence and machine learning.
With offices in Tunis, Lagos, Paris, Cape Town, and Dubai, InstaDeep has 45 researchers in France and a majority of its developers in Tunisia. The startup has made a profit of €42,000 euros from a turnover of nearly €2m. The young start-up is led in France by Isabelle Levard and is in the process of a second record fundraising round of US$100million in January 2022.
InstaDeep’s main achievement has been its partnership with Google and BioNTech. Together, they have enabled one of the first pharmaceutical companies to deliver a vaccine against Covid-19 to develop an intelligent system capable of rapidly detecting the variants of the virus.
The startup provides databases and helps companies with last-mile delivery, traffic prediction for driver applications, inventory management, supply chain, and inspection systems through connected sensors.
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Renowned investors such as Google, BioNTech, and the German rail network Deutsche Bahn, are funding the startup in developing an autonomous rail routing system. The Luxembourg-based investor Alpha Intelligence Capital, which specialises in AI and machine learning start-ups are also chipping in its efforts.
