DataProphet is the only African company to be named by the World Economic Forum (WEF) as one of 56 emerging tech firms for its 2019 cohort of Technology Pioneers who are “shaping their industry and their region in new and exciting ways”.
The Cape Town-based machine learning startup focuses an Artificial Intelligence (AI) in manufacturing and has helped modernize manufacturing plants through deep learning.
DataProphet was founded in 2014, it operates in the automotive, foundry and mineral processing industries; and its customers include BMW and Mercedes Benz.
“Our new tech pioneers are at the cutting edge of many industries, using their innovations to address serious issues around the world,” says Fulvia Montresor, WEF”s head of Technology Pioneers. “This year’s pioneers know that technology is about more than innovation – it is also about the application. This is why we believe they’ll shape the future.”
The announcement was made at the WEF’s Annual Meeting of the New Champions, often called the “Summer Davos,” in Dalian, China.
The WEF said, “of the 56 firms selected, 25% of them are female-led and they are drawn from a pool that stretches beyond the traditional tech hubs like Silicon Valley”.
The 59-member selection committee was made up of academics, entrepreneurs, venture capitalists and corporate executives. Healthcare app DabaDoc from Morocco was considered to be part of the Middle East (Mena) region.
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