{"id":6662,"date":"2022-01-26T01:55:09","date_gmt":"2022-01-26T01:55:09","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/01\/26\/instadeep-creator-of-ai-powered-decision-making-systems-raises-100m\/"},"modified":"2022-01-26T01:55:09","modified_gmt":"2022-01-26T01:55:09","slug":"instadeep-creator-of-ai-powered-decision-making-systems-raises-100m","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/01\/26\/instadeep-creator-of-ai-powered-decision-making-systems-raises-100m\/","title":{"rendered":"InstaDeep, creator of AI-powered decision-making systems, raises $100M"},"content":{"rendered":"

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InstaDeep Ltd.<\/a>, a Tunisian artificial intelligence startup that\u2019s making advanced decision-making systems to solve real-world problems, said today it has closed<\/a> on a $100 million funding round.<\/p>\n

The Series B round was led by Alpha Intelligence Capital and CDIB, and saw a host of other investors participate, including BioNTech, Chimera Abu Dhabi, Deutsche Bahn\u2019s DB Digital Ventures, Google LLC, G42 and Synergie.<\/p>\n

Founded in Tunis in 2014 by Chief Executive Officer Karim Beguir and Chief Web Officer Zohra Slim, InstaDeep is now headquartered in London, with offices in Paris, Dubai, Lagos and Cape Town as well. It has attracted a lot of attention for the advanced machine learning techniques<\/a> it has developed, which use AI to solve a range of enterprise challenges.<\/p>\n

For example, InstaDeep\u2019s algorithms can help shipping companies to work out the most efficient way of transporting thousands of containers from a port to a railway station. It can also help railway operators, with more than 30,000 kilometers of rail tracks, automate scheduling for over 10,000 trains. Its technology is also used by companies in the biopharmaceutical industry to design advanced therapeutics.<\/p>\n

Although the problems InstaDeep solves are in different vertical industries, the way it approaches them is similar. The company uses a technique known as reinforcement learning, which is a type of machine learning that works by designing optimization strategies.<\/p>\n

In a press release, InstaDeep reeled off an impressive list of partners it\u2019s working with, including Europe\u2019s largest rail operator Deutsche Bahn GmbH on a Moonshot project that aims to automate all of its train schedules.<\/p>\n

It has also been working with BioNTech SE, creators of the Pfizer vaccine, on a joint AI innovation lab<\/a> that aims to deploy new advances in ML to create novel immunotherapies. That effort resulted in the creation of an early warning system that was reportedly able to detect more than 90% of new, high-risk SARS-CoV-2 variants up to two months before physicians would. It detected the Omicron strain three days before it was named as a \u201cvariant of concern\u201d by the World Health Organization.<\/p>\n

Another key partner of InstaDeep is Google\u2019s AI research unit DeepMind. Their work together resulted in the development of an early detection system for desert locust outbreaks in Africa.<\/p>\n

What\u2019s notable is that each of those partners was also an investor in InstaDeep\u2019s funding round today. Beguir said in a statement it illustrates just how impressed its customers have been with the company\u2019s technology.<\/p>\n

\u201cThis funding round is a tremendous vote of confidence from our partners BioNTech, Google and Deutsche Bahn after working closely with us on innovative, high-impact AI initiatives,\u201d he said.<\/p>\n

InstaDeep will use the capital from today\u2019s round to build out its high-performance computing infrastructure that\u2019s optimized for decision-making AI. It will also look to add more \u201celite talent\u201d to its team, expand its presence in the U.S. and launch new, \u201cdisruptive AI products\u201d in the biotech, electronics manufacturing, logistics and transportation industries.<\/p>\n

Image: InstaDeep<\/h5>\n
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