Fundz

Spatialedge raised $3.1 million to advance its mission of transforming the retail industry

PRIVATEApr 26, 2024

Amount Raised

$3.1 Million

Round Type

Seed

StellenboschArtificial IntelligenceAnalyticsMachine Learning

Investors

Hlayisani Capital

Description

Spatialedge has successfully raised ZAR60 million (approximately US$3.1 million) from Hlayisani Capital to speed up the process of bringing its innovative solutions to market and making them available to a broader audience. The company intends to enhance its product offerings and expand its research and development efforts with the additional funds.

Quick answer

Spatialedge raised $3.1 Million in a Seed round, dated April 26, 2024. Investors: Hlayisani Capital. Spatialedge is based in Stellenbosch, Western Cape, South Africa.

How much did Spatialedge raise?
Spatialedge raised $3.1 Million in a Seed round on April 26, 2024.
Who invested in Spatialedge?
Hlayisani Capital is named as investors in this round.
What does Spatialedge do?
Spatialedge is a South African startup specializing in data and applied AI solutions, with a focus on providing big data and applied machine learning solutions to enable businesses to rapidly develop and deploy..
Where is Spatialedge based and how big is it?
Spatialedge is based in Stellenbosch, Western Cape, South Africa.
Who are the decision-makers at Spatialedge?
Fundz holds 1 contact at Spatialedge. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Analytics and Artificial Intelligence around the same time

Companies in the same sectors as Spatialedge that raised within 45 days of this round, from Fundz verified event records.

  • BranchLab raised an undisclosed amount (Seed) on June 6, 2024.
  • Scowtt raised $765K on June 4, 2024.
  • Alysio raised $3.3M (Seed) on June 4, 2024.
  • Maxa raised $21M (Series A) on May 30, 2024.
  • Scale AI raised $1B (Series F) on May 21, 2024.
  • Gong i.o Ltd. raised $250M (Series E) on May 18, 2024.

Who to call at Spatialedge, and when

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Company Information

Company

Spatialedge

Location

Stellenbosch, Western Cape, South Africa

About

Spatialedge is a South African startup specializing in data and applied AI solutions, with a focus on providing big data and applied machine learning solutions to enable businesses to rapidly develop and deploy effective machine learning strategies. The company was established in Stellenbosch in 2017 and has experienced substantial growth with a revenue surpassing ZAR300 million (around US$15.7 million).

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Spatialedge raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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