Founded in 2018 by Ahmed Abaza and Galal El Beshbishy, Synapse Analytics builds AI-driven software for the financial sector. Its solutions include AI-powered credit scoring, dynamic pricing, and KYC tools to improve financial decision-making and inclusion. The company is based in Cairo with a regional hub in Abu Dhabi and is part of the Hub71 tech ecosystem. In August 2024 Synapse raised $2.0M in funding, in a round whose type was not disclosed, led by Silicon Badia and Hub71. The proceeds will be used to expand its AI technologies across the GCC and Africa. No operating metrics or revenue figures were disclosed in the articles. Synapse Analytics is a Cairo, Egypt–based data science, machine learning, and AI company co-founded in 2018 by Ahmed Abaza and Galal ElBeshbishy. The company offers services and products to help organizations better use and monetize their data, and its flagship ML operations automation platform, Konan, is available as a SaaS. Synapse aims to build trust between AI and businesses adopting machine learning in their operations. Its core product, Konan, is positioned to ensure smooth deployment and scaling of AI models for data science teams. The company says the new funding will accelerate its efforts to help businesses adopt AI and expand their operations. Website listed as https://www.synapse-analytics.io/.

Total raised

$4M

Funding rounds

2

Latest round

Equity

Latest activity

Aug 2024