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Sunday, 20 September 2020

Elves raised USD 2 mn from Sawari Ventures in latest funding round

STARTUP WATCH- AI startup Elves raised USD 2 mn from Sawari Ventures and other unnamed investors in the follow-on investment we noted last week, according to Menabytes. The value of the investment had not been disclosed at the time. The digital assistance platform has now raised nearly USD 5 mn in pre-series A funding. Elves had previously raised USD 2 mn from Emaar, Kauffman Fellows Syndicate, and Dubai Angel Investors.

Learn more about how Elves has been focusing on expanding its machine learning capabilities from our podcast, Making It, where we interviewed co-founders Karim El Sahy and his business partner (and wife) Abeer El Sisi. The episode is available on our website, on Apple Podcast and on Google Podcast.

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