Abu Dhabi, UAE:- Presight AI, a G42 company and the leading UAE-based Big Data Analytics and AI company, has signed a Memorandum of Understanding with Astana Hub, the largest international technology park for IT startups in Central Asia, to power venture financing deals for startups.
The partnership will allow Presight and Astana Hub to enable startups from Kazakhstan, Azerbaijan, Mongolia, and Central Asia to accelerate their business journey, drive growth through innovation, and extend their reach to the Middle East and African markets. In addition, Presight will aid these startups through a series of business initiatives and joint programs to further empower them.
The MoU is an extension of the agreement between G42 and the Ministry of Digital Development, Innovation, and Aerospace Industry of the Republic of Kazakhstan, which was announced at the Digital Bridge International IT Forum 2022. The MoU was signed by Thomas Pramotedham, CEO of Presight and Magzhan Madiyev, CEO of Astana Hub.
Thomas Pramotedham said: “Astana Hub has an amazing track record of driving a thriving ecosystem of innovation and startups within Kazakhstan and the region. This partnership sees Presight as a key venture partner and accelerator of Astana Hub, alongside Google, and Binance, extending our drive to bring innovative technologies into our portfolio.
Presight will work alongside Astana Hub to introduce a series of programs and access to industry experts to elevate startups’ ideas and scale up their businesses.
Our deep expertise in big data analytics that are powered by AI will help startups from Astana Hub position themselves to create real-world impact. Our venture support will catalyze innovation and bring ground-breaking research to new markets, especially in CIS countries.”
Magzhan Madiyev said: “In light of this new agreement with Presight, our startups will have access to a new source of venture financing. Startups at Astana Hub will be able to benefit from Presight’s position as an emerging leader in digital transformation and big data analytics, which will be an important step in developing our ecosystem and expanding our IT startups in foreign markets.”
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Presight AI, a G42 company, is the region’s leading big data analytics company powered by AI. It combines technology, data, and people to answer real-world challenges with progressive solutions in every sector and at any scale. With its world-class computer vision, Artificial Intelligence (“AI”) and omni-analytics platform as its engine, Presight leverages multi-source data to support insight-driven decision making that shapes policy and creates safer, healthier, happier, and more sustainable societies.
To find out more, visit: https://presight.ai
About Astana Hub
Astana Hub is an international techpark of IT-startups. It creates conditions for the development of Kazakhstani and foreign technology companies and offers a variety of benefits that facilitate the development of IT projects which includes tax exemptions and visa support.
Currently, the techpark has 1006 participants, 217 of which are international companies and are located in the techpark. Residents of Astana Hub have created over 14,000 jobs in total. Astana Hub has educational programs where more than 18,950 people have already completed their education and 2,000 graduated from the incubation and acceleration programs.
Astana Hub’s global mission is to become a development center of innovative projects, to create breakthrough IT companies, and to become a hotbed for attracting young and talented IT professionals from around the world.
To find out more, visit https://astanahub.com/