Artificial Intelligence start-up InstaDeep raises £74m for expansion
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A London-based artificial intelligence start-up has raised 100 million dollars to expand its operations including creating an early warning system for spotting new diseases. We see wide-ranging opportunities to deploy our AI products to tackle complex real-world problems Karim Beguir, InstaDeep InstaDeep aim to use the funds to launch disruptive AI products across several industries – including biotech, logistics, transportation and electronics manufacturing. Co-founder and chief executive, Karim Beguir, said: “This 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… we see wide-ranging opportunities to deploy our AI products to tackle complex real-world problems.” Founded in Tunisia in 2014, the company also works on locust detection to help track swarms, which can devastate crops. The deal with BioNTech is a multi-year strategic collaboration Early Warning System which has identified more than 90% of World Health Organisation designated Covid variants on average two months ahead of time, InstaDeep said.
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