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Monday, 4 March 2019

Egypt Ventures announces series A investment in AvidBeam Technologies

INVESTMENT WATCH- Egypt Ventures announces series A investment in AvidBeam Technologies: Cairo-based VC fund Egypt Ventures has announced that it is investing in AvidBeam Technologies during the tech company’s series A round of investment, Menabytes reports. “We are thrilled to work alongside Egyptian founders who have built deep tech that is globally competitive,” Heba Ali, managing partner of Egypt Ventures, told the website, without revealing the size of the fund’s investment. AvidBeam provides real-time text and video analytics to businesses, enabling them to gather security and corporate intelligence. Its platform has a wide range of applications in the retail, automotive and security sectors.

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