The funding is poised to be instrumental in advancing Salient’s mission to provide more accurate and actionable weather forecasts for smallholder farmers in East Africa.

The company’s AI-powered platform uses data from a variety of sources, including satellites, ground stations, and weather models, to generate hyper-local weather forecasts for farmers.

The $2.9 million funding is a significant milestone for Salient Predictions as it will allow the company to develop new products and services that can help farmers improve their yields and reduce their risk.

Salient Predictions’ AI-powered weather forecasting platform can help farmers make better decisions about when to plant, sow, and irrigate their crops.

This can lead to increased yields and reduced losses. The platform can also help farmers to plan for extreme weather events, such as droughts and floods.

The success of Salient Predictions will have a positive impact on the East African agricultural sector.

It will also help to improve food security and reduce poverty in the region.

The funding round was led by Alter Global, a leading international venture capital firm focused on emerging markets, with participation from Qatar Insurance Corporation’s (QIC) corporate VC arm Digital Venture Partners (DVP).

Amenli was founded in 2020 by Adham Nauman, Omar Ezz El Din, and Shady ElTohfa.

The startup offers a wide range of affordable and accessible insurance products to individuals, families, and SMEs, including medical, automotive, home, and business insurance. Amenli also handles client claims with insurance companies on their behalf.

The $1 million funding round will enable Amenli to expand its team, strengthen its product offerings, and build a robust brand presence.

The startup plans to introduce new products targeting both existing and new customer segments, as well as develop new distribution channels to maximize efficiency and reach.

“We are excited to partner with Alter Global and DVP, two leading investors in emerging markets,” said Shady ElTohfa, CEO of Amenli.

“Their investment is a strong validation of our business model and our commitment to making insurance more accessible and affordable for all Egyptians,” he added.

The Egyptian insurtech market is still in its early stages of development, but it is growing rapidly.

The market is expected to reach $2 billion by 2025, according to a report by Global Market Insights.