Close Menu
  • Home
    • News
    • Hubs
    • Startups
    • Events
    • Features
  • Southern Africa
  • West Africa
  • East Africa
  • North Africa
Facebook X (Twitter) Instagram
  • About
  • Contact
  • Advertise
  • Pipeline
  • Research
  • Podcast
Disrupt Africa
  • Home
    • News
    • Hubs
    • Startups
    • Events
    • Features
  • Southern Africa
  • West Africa
  • East Africa
  • North Africa
Disrupt Africa

SA’s DataProphet gets backing from Yellowwoods

0
By Gabriella Mulligan on June 17, 2016 News, Southern Africa

South African machine-learning startup DataProphet has received an undisclosed amount of funding from Yellowwoods Capital Holdings, to enable the startup to invest in additional resources and machines.

DataProphet said the investment by Yellowwoods reflects the growth of the machine-learning space, and will allow the startup to continue doing “what [they]are good at”.

“While machine learning has been around for some time now, this has mainly been as an academic subject, rather than an industry in itself. Global interest and uptake of this technology is significant with industry giants Facebook, Google and Uber recognising and utilising machine learning solutions,” says Daniel Schwartzkopff, commercial director and co-founder at DataProphet.

According to Schwartzkopff, machine learning startups like DataProphet are hindered in their work unless they have data-owning partners to implement their solutions.

While DataProphet has been working with businesses in Silicon Valley, Schwartzkopff says South African businesses have been slower to include machine learning solutions in their budgets.

“South African businesses haven’t been as quick to jump on board as those in the US, mainly due to a shortage of artificial intelligence skills in the country. Recently, however, a number of large local and international corporates in South Africa have begun to allow for these solutions in their budgets,” he says.

DataProphet builds custom-solutions for clients to help them improve on their processes. Solutions built to date include an agent lead matching algorithm, a priority lead identification algorithm, a time allocation algorithm, and fraud detection.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleGE opens $32.7m innovation centre in Joburg
Next Article How to play your part in the future of Kenya’s iHub
Gabriella Mulligan
  • Website
  • X (Twitter)
  • LinkedIn

Inspired and excited by the African tech entrepreneurial scene, Gabriella spends her time travelling around the continent to report on the most innovative tech startups, the most active investors, and the latest trends emerging in the ecosystem.

Comments are closed.

DISRUPT AFRICA PODCAST
MOST READ
  • Ghanaian fintech company Zeepay secures $18m debt funding to accelerate expansion posted on May 7, 2025
  • Ghanaian retail-tech startup Tendo secures Renew Capital funding posted on May 2, 2025
  • Lagos-based VC firm Aruwa raises $35m, hits 90% of its Fund II at 2nd close posted on May 2, 2025
  • Nigerian teen tech trio wins global recognition for AI-powered forest monitoring system posted on May 19, 2025
  • Kenyan e-health startup MYDAWA secures undisclosed funding round for expansion posted on May 1, 2025

Newsletter signup

Sign up for our Newsletter

Working.........

Thank you for signing up!

LATEST DOWNLOADS
The African Tech Startups Funding Report 2024
The African Tech Startups Funding Report 2024
Download Now!

Diversity Dividend: Exploring Gender Equality in the African Tech Ecosystem 2023
Diversity Dividend: Exploring Gender Equality in the African Tech Ecosystem 2023
Download Now!

The African Tech Startups Funding Report 2023
The African Tech Startups Funding Report 2023
Download Now!

Diversity dividend: Female fund managers in Africa – Eloho Omame
Diversity dividend: Female fund managers in Africa – Eloho Omame
Download Now!

Finnovating for Africa 2023
Finnovating for Africa 2023
Download Now!

Diversity dividend: Female fund managers in Africa – The AfricInvest women
Diversity dividend: Female fund managers in Africa – The AfricInvest women
Download Now!
Diversity Dividend: Exploring Gender Equality in the African Tech Ecosystem 2023
Diversity Dividend: Exploring Gender Equality in the African Tech Ecosystem 2023
Download Now!

Diversity dividend: Female fund managers in Africa – Janngo Capital
Diversity dividend: Female fund managers in Africa – Janngo Capital
Download Now!

The African Tech Startups Funding Report 2022
The African Tech Startups Funding Report 2022
Download Now!

The Kenyan Startup Ecosystem Report 2022
The Kenyan Startup Ecosystem Report 2022
Download Now!

The Nigerian Startup Ecosystem Report 2022
The Nigerian Startup Ecosystem Report 2022
Download Now!

Diversity dividend: Female fund managers in Africa – Alitheia Capital
Diversity dividend: Female fund managers in Africa – Alitheia Capital
Download Now!

Diversity dividend: Female fund managers in Africa – The TLcom Ladies
Diversity dividend: Female fund managers in Africa – The TLcom Ladies
Download Now!

Copyright © 2014-2023 Disrupt Africa. All rights reserved.
  • About
  • Contact
  • Advertise
  • Sitemap

Type above and press Enter to search. Press Esc to cancel.

Go to mobile version