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Kenyan AI Startup UTU Receives Funding from DEEPCORE

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UTU, the Kenyan startup behind Maramoja Taxi app, has inked a deal with DEEPCORE to boost its trust-optimised algorithm that utilises proprietary innovations in the fields of AI and distributed ledger technology.

The Japanese-based DEEPCORE, a subsidiary of global technology player SoftBank Group, seeks to permeate the culture of deep learning in society and developing of startups.

UTU’s chief executive Jason Eisen said that his team was glad to have DEEPCORE share its vision centered on application of human model of trust online.

He added, “We’ve already benefited tremendously from DEEPCORE’s wisdom and we’re excited to deepen this partnership over the coming years.”

UTU has previously received (undisclosed) seed capital from Hong Kong-based accelerator Zeroth, and a US$250,000 funding from the Bulgaria-based æternity Ventures.

“We’re delighted to embark on UTU’s journey for expansion of the boundaries of AI and deployment of the transformational technologies in Africa,” stated Katsumasa Niki, DEEPCORE’S President and CEO.

 

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