About InstaDeep
InstaDeep is a London-headquartered artificial intelligence company specializing in deep reinforcement learning, machine learning, and predictive analytics for manufacturing, logistics, mobility, and energy sectors. Founded in 2015 with offices in Tunis and Cape Town, it develops decision-making systems enhanced by GPU-accelerated insights and pattern recognition.
Founded
2015
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Services
Valuation
$549M (acquired Jan 2023)
InstaDeep Acquisition
InstaDeep was acquired by BioNTech for $549M on 10 January 2023.
Before the acquisition InstaDeep had raised $107M across 2 funding rounds.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 10 Jan 2023 | Strategic M&A | $549M |
InstaDeep Funding History
InstaDeep has raised a total of $107M across 2 funding rounds.
InstaDeep's first fundraising round was a $7M Series A in May 2019. The most recent completed round was a $100M Series B in January 2022.
InstaDeep funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jan 2022 | Series B | Alpha Intelligence Capital (lead); CDIB Capital (lead); BioNTech; G42; Deutsche Bahn Digital Ventures; Chimera Investment; Alphabet | $100M | InstaDeep is a Tunis- and London-based enterprise AI startup founded in 2014 by Karim Beguir and Zohra Slim, specializing in advanced machine learning and decision-making AI systems for real-world problems in industries like biotech, logistics, transportation, and electronics manufacturing. The company, with offices in Paris, Tunis, Lagos, Dubai, and Cape Town, bootstrapped from 2014 to 2018 using client revenue to expand, then raised a $7 million Series A in 2019 from AfricInvest and Endeavor Catalyst. At the time of the Series B, it had over 170 employees, with more than 130 in AI research, engineering, ML, and DevOps, and half based in African offices. On January 25, 2022, InstaDeep closed a $100 million Series B round led by Alpha Intelligence Capital and CDIB Capital, with participation from BioNTech, Chimera Abu Dhabi, Deutsche Bahn’s DB Digital Ventures, Google, G42, and Synergie. The investors included strategic partners and customers like BioNTech, Google, and Deutsche Bahn, who had collaborated on projects such as AI for drug discovery, railway scheduling, and an Early Warning System for SARS-CoV-2 variants that identified 12 out of 13 WHO-designated variants early. Proceeds were allocated to advancing high-performance computing infrastructure for Decision-Making AI, hiring elite talent, accelerating disruptive AI product launches across target industries, and expanding into the United States. The round drew global media coverage from TechCrunch, VentureBeat, Financial Times, and others, highlighting its size and prominent investors. InstaDeep was ranked among the top 100 global AI startups for the third year in 2022, one of only eight companies achieving this consecutively and the only bootstrap venture on the list. Post-round, InstaDeep strengthened ties with Google Cloud via the Partner Advantage program to offer AI consulting and scalable ML tools on the Google Cloud Marketplace. |
| May 2019 | Series A | AfricInvest (lead); Endeavor Catalyst (lead); Malek Meslemani; Bossa Invest | $7M | InstaDeep, a Tunisian-founded enterprise AI startup headquartered in London, raised $7 million in Series A funding in May 2019 led by AfricInvest, a pan-African private equity firm, with participation from Endeavor Catalyst and additional individual investors. The company specializes in AI-powered decision-making systems using deep reinforcement learning and advanced machine learning to solve complex optimization and automation challenges in sectors including energy, financial services, mobility, logistics, and manufacturing. The funding was intended to support development of a scalable product platform and accelerate the company's growth across these enterprise markets. Founded in 2014 by Karim Beguir and Zohra Slim and bootstrapped through 2018, InstaDeep had established itself as one of the first African-founded AI companies to publish original research at NeurIPS, with a team of 78 people and existing clients across multiple industries generating measurable ROI. The company maintained operations across multiple regions including offices in Tunisia, London, Paris, and Lagos at the time of the round. |
Who has invested in InstaDeep?
11 investors have backed InstaDeep across its funding rounds, including Bossa Invest, Endeavor Catalyst, Alphabet, Alpha Intelligence Capital, AfricInvest and CDIB Capital.
Lead investors include Alpha Intelligence Capital, CDIB Capital, AfricInvest and Endeavor Catalyst.
InstaDeep Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jan 2022 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Lead | May 2019 | ||
| 1 | Participant | May 2019 | ||
| 1 | Lead | May 2019 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Lead | Jan 2022 | ||
| 1 | Participant | May 2019 | ||
This data is available for Pro users. Sign up to see all 11 InstaDeep investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialInstaDeep Competitors
InstaDeep competitors include listed companies like ExaWizards and Beijing Hanyi Innovation, and private ones like Motion, Replicant, raia and AISpeech.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $10M | - | $550M | 55.0x | ||
| Private | - | - | $550M | - | ||
| Private | - | - | $542M | - | ||
| Publicly listed | $77M | $13M | $558M | 5.7x | ||
| Private | - | - | $566M | - | ||
| Publicly listed | $28M | $5M | $493M | 13.9x |
InstaDeep Public Comps
InstaDeep is no longer listed, but its public comps include ExaWizards, Beijing Hanyi Innovation, PKSHA Technology, Reconova Technologies, Ropeok Technology Group, Datasection, Vrain Solution, Coveo Solutions, AInnovation Technology and Abeja.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $77M | $13M | 6.6x | 5.7x | 39.3x | - | |||
| $28M | $5M | 15.6x | 13.9x | 89.9x | 50.9x | |||
| $140M | $47M | 4.1x | 2.4x | 12.2x | 10.7x | |||
| $66M | ($8M) | 10.0x | - | (82.0x) | - | |||
| $23M | ($28M) | 18.6x | - | (15.2x) | - | |||
| $216M | $27M | 1.6x | 1.6x | 12.7x | 13.0x | |||
| $21M | $6M | 14.5x | 11.5x | 49.0x | - | |||
| $148M | ($25M) | 1.2x | 1.2x | (7.3x) | 107.6x | |||
This data is available for Pro users. Sign up to see all InstaDeep competitors and their valuation data. Start Free Trial | ||||||||
Common questions about InstaDeep
| When was InstaDeep founded? | InstaDeep was founded in 2015. |
| Where is InstaDeep headquartered? | InstaDeep is headquartered in London, United Kingdom. |
| Is InstaDeep publicly listed? | No, InstaDeep was acquired by BioNTech in January 2023. |
| Who acquired InstaDeep? | InstaDeep was acquired by BioNTech in January 2023. |
| How much was InstaDeep acquired for? | InstaDeep was acquired for $549M in January 2023. |
| How much funding has InstaDeep raised? | InstaDeep has raised $107M across 2 funding rounds. |
| What was InstaDeep's last funding round? | InstaDeep's last funding round was a $100M Series B in January 2022, led by Alpha Intelligence Capital and CDIB Capital. |
| Who are InstaDeep's investors? | InstaDeep's investors include BioNTech, G42, Deutsche Bahn Digital Ventures, Endeavor Catalyst, Malek Meslemani, AfricInvest, Chimera Investment, CDIB Capital, Bossa Invest, Alpha Intelligence Capital and 1 other. |
| Which companies are comparable to InstaDeep? | Companies comparable to InstaDeep include Motion, Replicant, raia, ExaWizards, AISpeech and Beijing Hanyi Innovation. |
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