Startups Profile

InstaDeep: Story, Founders, Investors & Funding Rounds

InstaDeep: Story, Founders, Investors & Funding Rounds

InstaDeep was started in 2014, and now it has offices in London, Paris, Tunis, Lagos, Dubai, and Cape Town. It is a leader in enterprise-grade artificial intelligence (AI) decision-making technologies in EMEA.

The Company gives its partners a competitive edge in an AI-first future because it is good at both researching machine intelligence and making it work in the real world.

With its innovative DeepChain platform and other solutions, InstaDeep is using its expertise in GPU-accelerated computing, deep learning, and reinforcement learning to solve some of the hardest problems in a wide range of fields.

In addition, InstaDeep has formed partnerships with Google DeepMind, NVIDIA, and Intel, which are all big names in the field of artificial intelligence.

The company is therefore part of Intel’s AI Builders program, and NVIDIA named it an Elite Preferred Deep Learning Partner.

CB Insights also picked the company for the second year in a row as one of the 100 most promising AI startups in the world.

The business is also an Elite NVIDIA Partner Network service provider and an Intel AI Builders partner (NPN). Only two companies in the EMEA region have been given this honor, and InstaDeep is one of them.

InstaDeep brings in top academics and engineers from all over Africa and Europe because of its mentorship programs and efforts to build an ecosystem. This gives bright young minds a leg up. 

Additionally, InstaDeep has built strong relationships and research partnerships with some of the best universities in France, the UK, and the US.

How it Works

With the help of InstaDeep’s AI solutions for businesses, businesses can get more out of their data, find more value in it, and increase their productivity.

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InstaDeep has made AI solutions that are based on your data structure and software architecture so that it takes less time to go from a successful pilot project to a full rollout of the solution across your organization.

Logistics

Logistics companies are feeling more and more pressure to improve all parts of their business as the need for last-mile delivery grows and e-commerce processes get easier to use.

By integrating InstaDeep’s AI decision-making systems, clients gain the foresight to not only improve efficiency across the supply chain but also keep their margins and prices competitive in a market where customer needs are always changing.

Mobility

In the age of car-sharing services, advanced data-driven actors are growing, which is changing the way people move around cities.

Mobility providers need reliable tools to predict future demand and traffic so they can figure out how many taxis and buses they will need.

The mobile solutions from InstaDeep use machine learning and analytics to make decisions automatically in a market with a lot of competition.

When InstaDeep solutions are put into place, both new and established service providers may use data to make decisions about fleet size, deployment, and passenger wait times, all to make ridesharing more efficient.

Manufacturing

The key to making products that are both efficient and competitive is to collect data from all relevant sources and use it to improve every step of the production process, from buying supplies to managing inventory to preventive and corrective maintenance and quality control.

To meet the complex needs of modern manufacturing, InstaDeep uses data from the Internet of Things (IoT) and artificial intelligence (AI) to predict and prevent machine failure, reduce downtime, and make machines more reliable.

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Automating visual inspection and figuring out how each production unit and automated demand will interact with each other can also help make sure that robots work well with people.

Energy

In a world where commodity prices change a lot, oil and gas companies need to focus on making their operations as efficient as possible.

With the help of automated processes, InstaDeep’s AI solutions help businesses get the most out of their capital spending and increase their return on investment.

Power generation and transmission, as well as upstream and midstream oil and gas operations, can all benefit from InstaDeep’s advanced prediction and suggestion systems, which increase productivity, check the health of wells and do predictive maintenance.

Founders

Karim Beguir

Karim runs InstaDeep as its CEO. He helps businesses understand and use the latest advances in artificial intelligence so that they can improve their productivity and return on investment.

Karim has taught and used applied math in the past. He went to the Ecole Polytechnique in France and was a Program Fellow at NYU’s Courant Institute.

He is a Google Developer Expert and a member of the Deep Learning Indaba steering group. He also helps startups at the Google for Startups Accelerator. Karim wants everyone to be able to use artificial intelligence (AI).

Zohra Slim

Zohra is in charge of the web team at InstaDeep. She taught herself everything she knows about making software and putting systems together.

She also has a unique drive that makes sure projects are done well and on time. Zohra helped start InstaDeep with other people after leading a group of engineers in India.

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Investors & Funding Rounds

AfricInvest, Endeavor

Series A funding of $7 million has been given to the AI company InstaDeep.

The deal was led by AfricInvest, which got help from a New York co-investment firm called Endeavor Catalyst.

The money will be used to make an AI-powered product platform that businesses can use to make better decisions.

Main Competitors

Kalido: It uses AI to look at an organization’s employees and find the best matches between people, groups, projects, and roles.

Vaticle: It is the company that made TypeDB and TypeQL. It gives developers the tools they need to solve hard problems.

Zelros: This is an artificial intelligence (AI) business platform that covers the whole process, from generating leads to processing claims.

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