INSTADEEP : The Tunisian start-up deepening the potential of AI
How to provide greater clarity and increase the ability to predict market trends in key sectors such as mobility, energy and logistics ?
This is precisely the issue on which InstaDeep has focused its efforts and proposed its vision. By adopting a methodology based on intelligent processing algorithms, this Tunisian company, regularly featured in CB Insight's ranking of the world's 100 most promising private AI companies, is committed on a daily basis to optimizing its customers' decisions. With remarkable expertise at the intersection of AI research and real-world commercial deployments, InstaDeep gives its partners an undeniable competitive edge in a landscape where AI is taking center stage. It's our turn to take a closer look at this extraordinary company.
When a startup seizes on innovation to revolutionize medicine
Founded in 2014 by Karim Béguin and his collaborator Zohra Slim, InstaDeep has charted a remarkable course. In 2019, the start-up raises around $7 million in a first round of Series A funding. Three years later, it succeeded in raising $100 million in capital, marking a significant milestone in its expansion. From the outset, the Tunisian start-up decided to assign each of its teams of engineers to a particular sector, so as to cover all possible industries, including healthcare.
With the aim of democratizing the field of medicine for its customers, InstaDeep offers them a unique immersive experience. Via the DeepChain platform, InstaDeep users are invited to explore their own protein sequences using A.I. language models trained on billions of amino acids.
Combining a focused segment approach with innovative artificial intelligence solutions, InstaDeep's visionary strategy has not only provided its customers with access to advanced education, but has also propelled the company to the forefront of the fight against global health challenges. During the Covid-19 pandemic, InstaDeep claimed the ability to identify 90% of the variants monitored by the World Health Organization.
InstaDeep continues to expand internationally
With a view to the future, InstaDeep is entering new sectors and broadening its geographical scope. Deutsche Bahn, for example, credits InstaDeep with the successful automation of German rail routing. In keeping with the same dynamic of international openness, InstaDeep continues to expand its network of partners. In 2022, the start-up was acquired by the German immunotherapy company BioNTech, and further strengthened through partner programs with major AI players, namely the giants Google Cloud and DeepMind. In fact, Tunis' privileged geographical proximity to the European market, which accounts for 64% of its exports, is a major asset, both for InstaDeep and the Tunisian entrepreneurial environment more generally.
Tunisia: a rising technological hub ?
The steady number of newly-registered companies since 2019, now at an average of 0.02 thousand, testifies to the long-term economic potential of Tunisia, which is also beginning to forge a growing reputation in the artificial intelligence sphere. Already positioned 93rd in Oxford Insights' Government AI Readiness Index, to be published in December 2022, the country of Jasmine has made significant progress in its readiness to embrace new technologies.
This rise in AI readiness has important repercussions for the rest of the African continent. Rwanda is now following Tunisia's lead in developing new machine learning models to regulate climate disruption. With the aim of stimulating this propensity for innovation, InstaDeep has specifically chosen Kigali to establish a new office. Beyond the simple quest for dematerialization of services, InstaDeep and its home country are taking concrete action in the material world by deepening development opportunities.
Sources :
https://www.statista.com/statistics/1347290/funding-value-raised-by-instadeep-by-round/
https://www.statista.com/forecasts/1156432/new-business-registration-forecast-in-tunisia
https://www.instadeep.com/2022/08/instadeep-joins-the-google-cloud-partner-advantage-programme/
Picture credits : https://www.euractiv.fr/section/economie/news/le-boom-des-start-up-de-sante-numerique-pendant-la-pandemie/
