Datalytics24 Closes Seed Funding Round Led By MCT Capital
With $300 k in seed funding, Datalytics24 announces It will work on social media analytics & artificial intelligence technology to better analyse and predict social media trends and user behaviour patterns.
- (1888PressRelease) April 04, 2019 - Amsterdam, Noord-Holland, – Datalytics24, a specialised data analytics start-up, announces today the completion of its Seed Funding round. MCT Capital has invested $300 K in Datalytics24, closing the first round of funding.
“This investment in Datalytics24 moves us closer to our goal towards building a better Predictive and analytics ability,” commented Ahmed Al-Balushi Founder and Chief Executive Officer of Datalytics24.
This investment would help Datalytics24 to accelerate R&D and expanding their team. They are expecting their solution to be available online to customers by the summer of 2019. Datalytics24 Founder thank MCT Capital for believing in their mission.
“Our vision is to provide our clients with useful insight through research, instant analysis and early misinformation detection.” added founder and CEO, Ahmed Al-Balushi.
Datalytics24 was established as a predictive and analysis solution to capitalise on the immense quantity of data constantly being posted online. Through the founder’s experience on their social media platform, they formulated a way to translate large quantities of data into quality insight for businesses. Through a user-friendly and personalised dashboard, this insight can be used as a powerful tool to understand their market, industry, audience, competitors and much more.
About Datalytics24
Datalytics24, is a data analytics start-up built on machine learning algorithms which aims to improve its social predictive vertical with its data analytics approach based on social trends and user behaviours.
About MCT Capital
MCT Capital is a venture capital firm established in Netherlands, provides funding and advice to start-ups and early-stage companies, the firm provides seed investment and advice to early stage companies focused on Internet software.
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