Though no timeframe has been given, the energy monitoring specialist will develop a platform that uses AI and machine learning.
Jordanian AI-driven energy monitoring specialist, Algebra Intelligence, has announced that it has raised $310K in pre-seed funding. Led by Oasis500, the investment will be used to further develop a data-based commercial platform that uses AI and machine learning to allow users to manage their energy resources.
Said platform will be available as an app on both iOS and Android and while the startup’s home market is of course the main target for now, it’s believed that entry into other markets across MENA is already in the works.
Algebra Intelligence’s first product, TaQTak, is an all-encompassing smart energy solution, offering real-time plant monitoring, pro-active notifications, predictive maintenance, and ticketing and reporting solutions, all geared towards ensuring that every single plant is making the most of the energy generated