Sunday, September 28, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Funding

DXwand, an Egyptian AI startup, has raised $1 million in a pre-Series A round of funding

Tech Gist Africa by Tech Gist Africa
06/15/2022
in Funding, Middle East and Africa, News - Middle East And North Africa
0 0
0
DXwand Egypt

DXwand Egypt

0
SHARES
Share on FacebookShare on Twitter

DXwand, an Egyptian company that offers conversational artificial intelligence (AI) solutions, has raised $1 million in a pre-series A round.

Huashan Capital, based in Shanghai, led the funding round. 

Angel investors Mohsen Abulleil and Ahmed Bakeer took part in the round. SOSV, a US-based VC firm that was one of the first investors in DXwand’s seed round, has also helped with due diligence and distribution of the fundraising round. 

DXwand is artificial intelligence (AI)-driven software that automates text and speech in call centers, Facebook Messenger, WhatsApp, SMS, and on a website. Its conversational AI engine understands Arabic and English language and can extract information from talks and display them on dashboards for organizations to make quick, educated decisions. 

DXwand has grown “11X year over year,” according to Founder and CEO Ahmed Mahmoud, who added, “we look forward to accelerating this success even further in the next term.” 

According to David Chen, Managing Partner at Huashan Capital, the business is capable of cutting customer care time by 70%, reducing staffing requirements, and creating up to three times more customer engagement. “AI-powered services are exploding in every customer-facing engagement throughout the world,” Chen noted. 

“Thanks to their patented Arabic dialects, NLP (natural language processing), and tailored recommendation engines, the DXwand team is very well positioned. 

“DXwand was one of SOSV’s first investments in MENA, and the favorable experience led to more than a dozen investments in the region,” stated Oscar Ramos, General Partner of SOSV. 

The funds would be used to help DXwand expand across the area, according to the announcement, which did not disclose which nations it plans to expand into. The funds will be used to grow the company’s market share and accelerate its AI development.

 

Read more on Tech Gist Africa:

Virridy has completed a Series A funding round for $5.5 million, led by Accord Capital

GOMYCODE has raised $8 million in a Series A round of funding

MFS Africa has purchased Global Technology Partners for $34 million

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Rulebase
Funding

Rulebase Secures $2.1M Pre-Seed Funding to Revolutionize Fintech Back-Office Automation

by Tech Gist Africa
09/26/2025
0

Rulebase, a Y Combinator-backed fintech startup, has raised $2.1 million in pre-seed funding to automate back-office operations in financial services....

Read more
SunCulture Kenya

SunCulture, a Kenyan climate-tech startup has secured a $5 million funding

09/26/2025
AGF Visa Foundation

AGF and Visa Foundation Unveil $2M Fund for Women Entrepreneurs in Africa

09/26/2025
Justyol Morocco

Justyol, a Moroccan e-commerce startup has raised $1 million in funding

09/26/2025
Mavryk Network UAE

Mavryk Network Secures $10M to Revolutionize UAE Real Estate with Blockchain Tokenization

09/26/2025
Next Post
IFC

Partech's Africa Fund II to receive $26 million investment from IFC

Launch Africa ventures

The first fund of Launch Africa Ventures, which closed at $36.3 million, has made its 100th investment

Social media

Nigeria has announced new regulations that will apply to social media platforms such as Facebook, Twitter, and others

No Result
View All Result

The Big 5

Food Security

How Technology is Advancing Global Food Security and Reducing Hunger

by Tech Gist Africa
09/26/2025
0

...

Nvidia Abu Dhabi Robotics Lab

Nvidia and Abu Dhabi Institute Launch Middle East’s First AI & Robotics Lab

by Tech Gist Africa
09/26/2025
0

...

MultiChoice

Canal+ has officially completed its $3.17 billion acquisition of South Africa’s MultiChoice Group

by Tech Gist Africa
09/26/2025
0

...

216 Capital & Plug and Play Accelerator

216 Capital & Plug and Play Launch Tunisian Accelerator to Bridge Local Startups to Global Stage

by Tech Gist Africa
09/26/2025
0

...

Funding

Groundbreaking UK Tender Aims to Map East Africa’s Start-Up Financing Landscape

by Tech Gist Africa
09/26/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.