South African startup Ashanti AI, which aims to make data science accessible to businesses of all sizes, has received a “substantial investment” from Argility as it looks to grow its customer base.
Founded in 2018, Ashanti AI services industries in the finance, education and mining sectors, providing data-driven solutions that increase revenue and efficiencies.
The company has built a team of highly qualified specialists in the fields of data science, actuarial science, statistics, physics and mining engineering, and has developed partnerships with Explore Data Science Academy and several data consulting firms to empower businesses with globally competitive tools and techniques. Its current customer base includes a number of blue-chip corporates.
“We started as part of an incubation hub linked to a data science academy. Since leaving the hub, we have grown our client base and developed a number of proprietary solutions,” said Ashanti AI chief executive officer (CEO) and founder Takalani Madzhadzhi.
Going forward, the company is focused on building predictive analytic products for the retail, supply chain and financial services sectors, and it has secured undisclosed but “significant” investment from Argility Technology Group, a leading implementer of customised enterprise software solutions for the retail and supply chain industries, to help it grow in these spaces.