DXwand secures $4 million Series A to fuel regional expansion

DXwand secures $4 million Series A to fuel regional expansion

Middle East-based AI startup DXwand has closed a Series A funding round of $4 million, led by Shorooq Partners, Algebra Ventures, and existing investor Dubai Future District Fund.

Founded in 2018 by Ahmed Mahmoud and Mahmoud Gomaa, DXwand is an AI-driven software that automates text and voice conversations between customers and businesses in call centres, Facebook Messenger, WhatsApp, SMS, or on a website.

In June 2022, DXwand raised a pre-Series A round of $1 million, led by Huashan Capital and US-based VC firm SOSV, with other angel investors.

This investment will enable DXwand to expand further in the region and accelerate its research and development efforts in generative AI, knowledge mining, and omnichannel conversational AI within the region.

Press release:

DXwand, the Middle East-based AI powerhouse in LLM, knowledge mining, and omnichannel conversational AI, proudly announces the closing of its Series A equity round of $4 million. The round was led by Shorooq Partners and Algebra Ventures, with continued support from existing investor, Dubai Future District Fund. This investment will enable DXwand to expand further in the region and accelerate its research and development efforts in LLM, knowledge mining, and RAG (retrieval augmented generation), solidifying its position as a dominant force in generative AI and