InstaDeep, a Tunisian AI company founded in 2014, was acquired by BioNTech .

InstaDeep, founded in Tunisia by CEO Karim Beguir in 2014, has grown from two computers and $2,000 to a $700 million international operation, acquired by German laboratory BioNTech in 2023. Specializing in decision-making AI, InstaDeep has collaborated with BioNTech to identify COVID-19 variants and has expanded to offices in Africa, the Middle East, Europe, and America. CEO Beguir hopes that AI will provide African economies with opportunities to move beyond exporting raw materials, and he envisions 10 more AI champions emerging in Africa within the next decade.

April 21, 2024
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