South Africa’s DataProphet Closes USD 10 Mn Series A Round

DataProphet, a South African startup that provides AI-as-a-service software in the manufacturing sector, has announced the completion of its USD 10 Mn Series A round. Knife Capital led the round with participation from IDC and Norican.

Manufacturers use DataProphet at different points on their digitization journeys; data collation and centralization are crucial to kickstart them. The company provides prescriptive advice and suggested changes to manufacturers’ recipes to avoid making the defects that cause their products to be scrapped or reworked. Its product, CONNECT, enables manufacturers to augment their data infrastructure and bring data from where they’ve been using it for compliance in the manufacturing space to a point where they can use it for optimization.