Avidbeam, an Egyptian AI (artificial intelligence) startup, has been selected among the top 20 developing companies in the world. The company has boomed in varied sectors including video surveillance, retail, perimeter, security, and automotive industries, prompting CIO review to feature Avidbeam in 2017 as one of the most influential startups in the industry. For some video analytics, in order to achieve high accuracy, they must run high resolution,” Elgebaly noted in a prior interview with MENAbytes. Newly established Egypt Ventures, an investment firm supporting entrepreneurial communities, recently decided to invest in Avidbeam. Heba Ali, Managing Partner of Egypt Ventures, sat down with MENA bytes and expressed Egypt Ventures’ excitement to collaborate with the Egyptian startup that she allegedly described the entrepreneurial establishment of deep tech in Egypt.

Source: Egypt Independent April 22, 2019 15:33 UTC