Egyptian Startup AIM Technologies secures Undisclosed Seed Round

AIM Technologies, a Cairo-based Artificial Intelligence customer experience platform, has secured its seed round led by Sequence Ventures, a capital firm whose concentration is supporting homegrown technology-based startups.

AIM Technologies is the first to launch its investment platform in Sequence Ventures’ portfolio. Sequence Ventures has raised its first tranche of capital of EGP150 million and aims to raise $31.76 million (EGP500 million) in the next three to five years.

The capital will be deployed in crucial and transformational sectors including fintech, artificial intelligence, edtech, health-tech, logistics and dev-ops.

Executive Chairman of Sequence Ventures, Karin Helal made expressed the mission of the platform in a statement saying: “We have the mandate to support young home-grown talent developing a solution some of our challenges as well as the chronic issues that are stunting our economic growth and our human capital.”

AIM Technologies is the first customer experience platform in the Middle East that introduced a multi-lingual text analytics solution.

It also holds the bragging right of having the world’s highest accuracy in the Arabic language and is also the first customer research tool that is automated end-to-end.

AIM Technologies can help brands improve user experience by harnessing AI to create a fully automated customer insights platform.

AIM Technologies has captured the voice of 300,000 research customers and monitored 2,000 brands in the last 24 months, serving over 20 of the largest enterprises across 5 countries in the region such as Coca Cola, Vodafone, Etisalat UAE, Nielsen IQ and Wunderman Thompson.

Chief Executive and co-founder of AIM Technologies, John Saad, stated that Sequence Ventures is led by a team with over hundred years of combined experience in multiple fields such as business strategy, investment and asset management which will be of great value to their current regional and future global growfth plans.

Featured Image: AIM Technologies Team

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