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Intelmatix raises $20M Series A to enable MENA businesses to tap AI for decision-making

TechCrunch LogoTechCrunch12h ago

Intelmatix raises $20M Series A to enable MENA businesses to tap AI for decision-making - TechCrunch

Quick Summary:

It told TechCrunch it’s picked up 10 enterprise customers so far — but flush with fresh funding the plan is to expand its targeting to medium and smaller businesses, too.

This is where the startup aims to step in to help with local data, knowledge and expertise.“[Rival AI enterprise] platforms are designed and trained on datasets from the U.S., and don’t digest data that includes the contexts of the MENA region.

The startup’s marketing pitch paints a picture of MENA businesses no longer needing to guess their next move anymore, as EDIX is designed to answer and provide recommendations immediately — meaning it can be used for both operational and strategic decisions.


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Article Details

Author / Journalist: Annie Njanja

Category: StartupsBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-30 @ 15:33:12 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1506 words

Reading Time: 9 minutes read

Sentences: 55 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 21858475

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