DataProphet, a South African AI-based startup, has completed its $10 million Series A round in order to further invest in its industrial artificial intelligence product set.
One of the startup’s product set is called CONNECT. It is designed to augment data infrastructure and transfer data from where it has been used for compliance to where it can be used for optimization.
Cronje explained that DataProphet is used by manufacturers at various stages of their digitization journeys. Hence, data collection and centralization are essential to getting them started.
According to the founders, the platform currently receives approximately 100 million unique data points daily.
DataProphet clientele covers the automotive sector, semiconductor, rubber, and foundry industries, expanding its solution to plants in Europe, United States, China, India, Japan, and South America.
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By Elijah Christopher