InstaDeep’s acquisition is a classic case of an African startup gone global
submitted over 3 years ago by taya
submitted over 3 years ago by taya
- Germany's largest vaccine maker, BioNTech, has agreed to acquire the AI startup InstaDeep for up to £562 million, making it the largest acquisition deal involving an African or Africa-focused startup.
- InstaDeep, founded in 2014, uses advanced machine learning techniques to optimize decision-making processes across various industries and has grown into a global company with 240 staff in multiple locations.
- The acquisition aims to further develop AI-based applications for scientific domains and enhance immunotherapies, with InstaDeep planning to scale its teams and capabilities globally using the funding from the deal.
Advertisement
No comments yet
Be the first to share your opinion!
nigeria
south africa
malawi
ghana
kenya