Crowd Analyzer secures US$3.5 M in series A funding
Social media data analysis startup to invest in new AI and ML technologies
Dubai-based data analytics platform and social media monitoring platform, Crowd Analyzer has raised over US$3.5 million in Series A funding from venture capital firms based in the UAE, Saudi Arabia and Kuwait.
The funding was led by Tech Invest Com, and included Wamda Capital, Arzan VC, Faith Capital and Daring Capital.
Crowd Analyzer software analyses publicly available data from social media platforms and news websites to provide insights to clients who want to understand trends and digital conversations. Since inception in 2014, it has raised a total of US$5.09 million in funding.
The Series A funding secured by Crowd Analyzer will boost the platform’s AI and machine learning capabilities. Meanwhile, commercially, the funds will expand its presence in Saudi Arabia and Egypt, as well as some of the smaller GCC markets. In addition, the funds will also be used to recruit Saudi local talent.
To date, the Crowd Analyzer customer base includes major corporations in the MENA region, including Etisalat, Jaguar Land Rover, PwC, Huawei, DHL, L’Oreal, Saudi Ministry of Health and Exxon Mobil.