VoxCroft Analytics, an open-source intelligence and risk analytics venture with operations in South Africa and the US, said Thursday it has raised $2 million in Series A funding from Knife Capital.
VoxCroft uses technology and machine learning in tandem with a global network of analysts, linguists, cultural experts, security professionals and policy experts to discover unique data points and critical patterns.
Andrea Böhmert, managing partner at Knife Capital, said the funding will help VoxCroft to make key appointments and propel growth plans in anticipation of a larger funding round that will be raised in the next six to 12 months.
“What convinced us was their ability to prognosticate the recent insurgency activity in northern Mozambique and incredibly fast, accurate, and relevant response to the riots in South Africa,” Böhmert said.
It has offices in South Africa and the US, though its team is spread across 13 countries.
Barend Lutz, the CEO of VoxCroft South Africa, said the collection and analytical components in open-source intelligence are increasingly sophisticated and critical to public and private sector success in anticipating risk faster than ever before. “With Knife Capital investment, VoxCroft is poised to redefine how information can be discovered, analyzed, and delivered across the globe.”
Berlin-based venture capital firm GreenTec Capital Partners has invested an undisclosed amount in Nigerian intercity transport- and logistics-tech company T40.
T40 has developed solutions designed to help mobility vendors attract and retain customers with the company’s point-of-sale consoles and logistics platform. It also offers entertainment centres that can be personalized to improve ride quality and provide an additional marketing channel.
“With our digitized products, transport companies can achieve more profit margin and the customers a pleasurable experience,” said Folarin Olulana, CEO and co-founder of T40.
“Driven by population growth and urbanization, logistics and intercity transport have always been important to Nigeria and Africa’s economic growth. T40 presents a customer-driven solution that leverages technology to delight commuters and transport operators alike,” said Tomi Davies, GreenTec’s chief investment officer.
Nigerian digital compliance and security platform Identitypass has nabbed pre-seed funding worth $360,000 from CcHub, Midlothian Angel Network, D Global Ventures Fund and some angel investors.
The 11-month-old venture was founded by Lanre Ogungbe, Niyi Adegboye and David Obi. It offers services like AI-powered biometric authentication and identity data verification.
It joins other larger peers like four-year-old Smile Identity, which raised $7 million in Series A funding this year.