The Empower Africa Business Platform is Now Live !!!
Terragon, a leading data analytics company specializing in cloud-based solutions, has secured $9 million in a Series B funding round.
The funding round was led by Orange Ventures, with participation from TLcom Capital, LoftyInc, Sango Capital, VestedWorld, and Western Technology Investment (WTI).
The strong backing from these influential investors is a testament to the confidence in Terragon’s capabilities and the potential for significant growth in the cloud analytics sector.
Founded in 2009, Terragon is on a mission to revolutionize data analytics by harnessing the power of the cloud.
Over the years, the company has developed innovative solutions that help businesses extract meaningful insights from vast amounts of data, driving smarter decision-making and enhancing operational efficiency.
With the fresh infusion of capital from the Series B funding, Terragon plans to accelerate its growth and expand its reach into new markets.
The company will focus on scaling its cloud analytics platform, enhancing its data processing capabilities, and furthering its commitment to research and development.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
Tanzanian agritech startup MazaoHub has secured US$2 million in an oversubscribed pre-seed round to accelerate its mission of transforming smallholder farming through a blend of artificial intelligence and hands-on agronomy.
South African private equity firm Sanari Capital has invested $14.4 million in telematics and fleet management company Ctrack, joined by $9 million from long-time partner 27four Investment Managers.
Amethis, through its pan-African Amethis Fund III, has taken a minority stake in BH Holding, a Moroccan agribusiness group specializing in the packing and export of premium fruits.