InstaDeep’s acquisition is a classic case of an African startup gone global
submitted about 3 years ago by taya
submitted about 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.
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