South African artificial intelligence startup DataProphet has raised US$6 million to fund its international expansion.
DataProphet specializes in artificial intelligence in the manufacturing sector. Its AI-as-a-service proactively prescribes changes to plant control plans to continuously optimize production without the expert human analysis that is typically required.
This funding will enable DataProphet to develop locally located sales and support for customers and partners across the world.
The Series A round came from Knife Capital who have previously invested in the startup Industrial Development Corporation of South Africa (IDC) and Norican Group.
According to DataProphet’s CEO Frans Cronje, “South Africa will remain our engineering and operational hub as we have access to great talent. DataProphet however, is an international business, with hubs located around the world.”
Earlier this year, the company entered an industry-exclusive partnership with Norican Global a leading metallic parts enhancement company, to bring meaningful AI applications into real-life foundry environments.
“Applying AI to the foundry industry will reduce energy consumption, increase yield and reduce waste,” says Norican Group CEO Anders Wilhjelm.
Norican is now in the process of rolling out the DataProphet applications to their full brand portfolio.