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ClusterLab, a Tunisian-born AI startup now headquartered in the UAE, has secured $600,000 in pre-seed funding to fuel its research and development endeavors. The infusion of capital will propel the advancement of its flagship product, the Arabic audiobook summarization app, Reedz.
Substantial Pre-Seed Investment
Originating in Tunisia and now based in the United Arab Emirates, ClusterLab has secured a significant $600,000 in pre-seed funding from notable investors such as Karim Beguir, early supporters of InstaDeep, and local angel investors. This infusion of capital underscores the confidence in ClusterLab’s vision and capabilities, particularly in the field of artificial intelligence and natural language processing.
Driving Research and Development Initiatives
Established in 2020 by Haithem Kchaou and Chehir Dhaouadi in Tunisia, ClusterLab specializes in AI and NLP technology. With the additional funding, the company aims to further bolster its research and development initiatives, particularly in enhancing Reedz and expanding its suite of AI-powered tools. Haithem Kchaou, co-founder and CEO of ClusterLab, highlighted the company’s pioneering role in NLP and content summarization, emphasizing their commitment to technological innovation and advancement.
Source: TechinAfrica