UK-based InstaDeep, an Artificial intelligence-based system that provides businesses with solutions to some of the most challenging industrial problems, raised USD 100 million on 25th January 2022.
Investors: The investment round was led by some major investors, including Alpha Intelligence Capital and CDIB. Additionally, several investors, including BioNTech, Chimera Abu Dhabi, Deutsche Bahn’s DB Digital Ventures, Google, G42, and Synergie, participated in the round.
Purpose of funding: A large part of the funding will be used to refine the startup’s high-performance computing infrastructure for decision-making artificial intelligence. Therefore, disruptive AI systems are being launched by the startup providing services in various industries, such as biotech, transportation, logistics, and electronics manufacturing. The startup is also hiring a growing number of young talent and fresh blood. Adding the US to its global presence is part of the startup’s growth plan.
About InstaDeep
Founded in 2015 by Karim Beguir, and Zohra Slim, InstaDeep is located in London, UK. InstaDeep is an Artificial intelligence-based system that provides businesses with solutions to some of the most challenging industrial problems. In addition to helping companies improve crucial aspects of their operations, the startup also helps design effective optimization strategies for various challenges, from drug development to railroad operations.
The startup’s flagship product, DeepChain protein design platform, can solve the most complicated problems in various industries. Furthermore, the startup has published joint research with DeepMind and other world leaders in the AI ecosystem.
What the founder has to say
“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,” said Karim Beguir, Co-Founder and CEO at InstaDeep.
“And we are very excited to get the support of Alpha Intelligence Capital, Chimera, Synergie and G42 as we see wide-ranging opportunities to deploy our AI products to tackle complex real-world problems.”
What the investors have to say
“InstaDeep has demonstrated unique capabilities in solving very complex railway problems using groundbreaking AI-first technologies. The team’s skills and thought leadership in this space have paved the way for the adoption of cutting-edge AI technologies in the railway domain. We are happy to join the investment round and enable a stronger partnership with Deutsche Bahn to jointly harness the potential of applying AI,” said Boris Kuehn, Managing Director at DB Digital Ventures.
“As the first global fund fully dedicated to artificial intelligence and machine learning, we are particularly proud to have led this Series B round, together with first-class co-investors. InstaDeep is a deep technology company that disrupts traditional approaches in crucial areas as they do with BioNTech for drug discovery or with Deutsche Bahn for railway scheduling. We are thrilled to join this exciting adventure and eager to help support InstaDeep’s growth through our unique AI expertise,” said Arnaud Barthelemy, Partner, and COO at Alpha Intelligence Capital.
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