Tech

Egyptian startup closes $160k to grow AI-enabled platform. 1 other thing and a trivia

Published

3 years ago

February 8, 2021

Ripples Nigeria

These latest stories from the tech space will keep you updated with trends today.

1. Egyptian startup closes $160k to grow AI-enabled platform

DilenyTech, an Egypt-based e-health startup, has announced closing a US$160,000 non-equity grant to expand its AI-enabled platform.

The fund comes as the three year old startup looks to improve and expedite breast cancer detection.

According to reviews, DilenyTech aims to revolutionise breast cancer screening and diagnostic workflow by providing innovative AI-based assistance for more accurate detection and expedited reporting.

Dr Ahmed Ehab Mahmoud, founder and chief innovation officer of DilenyTech, in an interview with press, noted that the new platform offers healthcare professionals access to make accurate diagnosis.

He said: “Thousands of healthcare professionals can access our online platform anytime, anywhere. This shall reduce patients’ suffering due to long waiting time as well as inaccurate diagnosis.”

Tech Trivia:

Which company acquired professional networking site LinkedIn in 2016?

A. Google
B. Facebook
C. Microsoft
D. Apple

Answer: See end of post.

2. Ghana’s Cofundie launches platform to crowdfund house construction cost

Helping individuals source for fund to develop affordable housing using alternative materials and techniques, Ghanaian startup Cofundie has launched a platform for crowdfunding.

The idea is to allow co-crowdfunders share in the profits after these homes are sold or rented out.

Founded earlier in August 2019 at the Meltwater Entrepreneurial School of Technology (MEST) in Accra, Cofundie aims to solve Africa’s housing crisis.

The startup seeks to do this by increasing investment in affordable housing built using cost-effective and time-saving techniques and materials such as earth bricks, rammed earth, used shipping containers and polystyrene panels.

Chukwuemeka Ndukwe, co-founder and chief executive officer (CEO) of Cofundie, stated that the team is working committedly to make the idea record success.

He said: “Our team came together based on a shared interest in using tech to solve problems in the property sector on the continent and making it work for people who live here.”

Tech Trivia Answer: Microsoft

Microsoft Corp. and LinkedIn Corporation in 2016 announced they have entered into a definitive agreement under which Microsoft will acquire LinkedIn for $196 per share in an all-cash transaction valued at $26.2 billion, inclusive of LinkedIn’s net cash. The agreement, however, contained that LinkedIn retains its distinct brand, culture and independence.

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