Instadeep Founders Launch AI Venture

Karim Jouini and Jihed Othmani, known for their successful exit with Expensya, have launched a new artificial intelligence startup. The venture has already secured $9 million in funding, signalling strong investor confidence. The founders aim to leverage their previous experience in enterprise solutions to develop innovative AI applications, though specific details about the AI startup's focus remain under wraps.

The new company is poised to tap into the growing demand for AI solutions across various industries. Jouini and Othmani's track record positions them well to attract talent and partnerships. Their previous success with Expensya, which streamlined expense management processes, demonstrates their ability to identify market needs and deliver effective technology solutions.

This new AI venture represents a significant step in the African tech landscape, potentially fostering further innovation and investment in the region's burgeoning AI sector. The founders' expertise and the substantial initial funding suggest a promising future for the startup and its potential impact on the broader technology market.