*Data updated daily at 18:00 EAT
South African startup Cape AI has been acquired by AI solutions provider Spatialedge in order to scale its offering that makes such solutions available to large enterprises across Africa. Cape AI will be consolidated into the Spatialedge business as part of the acquisition.
Cape AI helps businesses grow by enabling them to make intelligent decisions using AI technology. Cape AI has founded, incubated, and spun out multiple AI ventures, and has grown to be a prominent player in the AI solutions space. Spatialedge, an AI solutions provider headquartered in Stellenbosch, is a big data and applied machine learning solutions company, with a focus on enabling companies to rapidly build and operationalize robust machine learning solutions.