RIYADH: Egypt-based artificial intelligence start-up DXwand has raised $1 million in a pre-series A funding round led by capital firm Huashan Capital.
The company uses AI-driven software to automate text and voice conversations for businesses and call centers.
“With gaining more trust from various stakeholders to lead the AI services industry in MENA, and having been achieving 11X year-over-year growth, we look forward to propelling this success even more in the coming period,” Ahmed Mahmoud, founder and CEO at DXwand, said in a statement.
Founded in 2018, the company plans to use its investment to expand its market share in the region as well as boost its AI research to add more solutions to its portfolio, MAGNiTT reported.
