Tech Company Financing Transactions
DataProphet Funding Round
DataProphet, based in Cape Town, Western Cape, secured $10 million from Knife Capital, Industrial Development Corporation and Norican Group.
Transaction Overview
Company Name
Announced On
8/10/2022
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Series A
Investors
Proceeds Purpose
The infused capital will help it invest further in its industrial AI product set while facilitating targeted growth in selected geographies and manufacturing verticals.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
The Hudson, 28 Hudson Street De Waterkant
Cape Town, Western Cape, 8005
ZA
Cape Town, Western Cape, 8005
ZA
Phone
Website
Email Address
Overview
DataProphet specializes in optimizing the complex manufacturing processes of key industrial verticals with state-of-the-art machine learning. Our AI-driven solutions leverage the existing data streams from your plant's production line equipment to identify process efficiencies. High-impact adjustments are then prescribed, which guarantee ROI in the first year of deployment.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Frans Cronje
Chief Financial Officer
Justin Larsen
Chief Technical Officer
Bennie Leonard
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We do our best to report on every notable VC transaction. VC transactions reported here come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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