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4DX Ventures closes second fund with $60M

Pan-African venture capital firm 4DX Ventures has completed the final close of its second fund at $60 million. The second fund, launched in the first quarter of this year, was expected to close at $50 million, but investor and limited partner (LP) interest saw the fund oversubscribed.

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Nigerian ed-tech startup uLesson secures $15M Series B investment

December 16, 2021

Nigerian ed-tech startup uLesson has secured US$15 million in Series B funding it will use to add to its team and improve services for its growing community of learners across Africa. Founded in 2019 by serial entrepreneur Sim Shagaya, uLesson offers live online classes with expert tutors, video lessons and personalised live homework help for primary and secondary school learners online and via its app. uLesson is available in Nigeria, Ghana, Sierra Leone, Liberia, The Gambia, Kenya, Uganda, Rwanda, South Africa, the United States (US) and the United Kingdom (UK).

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Three-Quarters of Companies See AI/ML As Important Revenue Drivers: SambaNova Report

January 24, 2022

Do you miss those innocent days when every product announcement breathlessly reported the new system or feature was “AI-based”? If so, here’s a whiff of remembrance from AI infrastructure provider SambaNova Systems, who found that 78% of large companies rate AI and Machine Learning as important revenue drivers. Yet even they have a curiously mixed attitude, citing (in their press release) a NewVantage Partners study that found only a quarter of top companies have scaled AI/ML across their organization.

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