*Data updated daily at 18:00 EAT
Egypt-based AI startup DXwand has closed a pre-Series A investment round of USD 1 Mn, led by Huashan Capital, US-based VC firm SOSV, with commitments from angel investors. DXwand will use the new investment to accelerate its growth across the region, expand its market share and accelerate its AI research to further differentiate its solutions in the market.
DXwand is an AI-driven software that automates text and voice conversations between customers and businesses in call centers, Facebook Messenger, WhatsApp, SMS, or on a website. Their conversational AI tool understands slang in both Arabic and English and can extract insights from conversations and display them on dashboards for businesses to make instant, informed decisions. Their analytical platform and dashboards with deep business insights support business growth by transforming conversations into leads and sales with a focus on customer retention and acquisition.