Tunisian AI Startup InstaDeep Secures USD 100 Mn Series B Round

Tunisia-founded enterprise artificial intelligence (AI) startup InstaDeep has raised a USD 100 Mn Series B funding round to further develop its tech, grow its team, and accelerate the launch of disruptive AI products across various sectors. The round was led by Alpha Intelligence Capital together with CDIB. Other investors in the round include BioNTech, Chimera Abu Dhabi, Deutsche Bahn’s DB Digital Ventures, Google, G42, and Synergie. 

InstaDeep delivers AI products and solutions for the enterprise sector and also has offices in Paris, Tunis, Lagos, Cape Town, and Dubai. Powered by high-performance computing and outstanding research and development breakthroughs, InstaDeep utilizes deep reinforcement learning and other advanced machine learning techniques to create AI systems that can optimize decision-making processes in real-life industrial environments.