Tunisian startup Clusterlab raises $600k to drive Arabic AI tech
TLDR
- ClusterLab, a Tunisia-born AI startup based in UAE, secures $600,000 in pre-seed funding led by Karim Beguir.
- Specializing in AI and NLP technologies, Clusterlab focuses on leveraging AI for societal and educational advancement.
- Creator of Reedz, an Arabic audiobook summarization app, ClusterLab aims to enhance its large language models with new funds.
Clusterlab, a Tunisia-born AI startup headquartered in the United Arab Emirates (UAE), has secured $600,000 in a pre-seed funding round led by Karim Beguir, Co-founder and CEO of Tunisian InstaDeep, along with other regional investors.
Founded in Tunisia in 2020 by Haithem Kchaou (CEO) and Chehir Dhaouadi (CTO), ClusterLab specializes in artificial intelligence (AI) and natural language processing (NLP) technologies. The company is dedicated to leveraging AI for societal and educational advancement.
Notably, Clusterlab is the creator of Reedz, an Arabic audiobook summarization app. With this fresh injection of funds, Clusterlab aims to expedite its research and development efforts, particularly in enhancing its next-generation large language models (LLMs).
Key Takeaways
African startups and businesses are increasingly embracing AI-driven solutions. InstaDeep, a Tunisia-based startup founded in 2014, stands out as a prime example and made headlines when it was acquired by Germany's largest vaccine manufacturer, BioNTech, in January for up to $680 million. This acquisition marked a historic milestone in the African startup ecosystem and has put Africa's AI industry on the global stage. However, InstaDeep is not the sole pioneer in this field. Numerous other promising startups throughout Africa are harnessing AI in exciting ways. With PwC estimating that AI could contribute as much as $15.7 trillion to the global economy by 2030, Africa is well-positioned to emerge as a leader in this arena. This potential is driven by a burgeoning youth population, a growing middle class, and expanding access to mobile and internet technologies.
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