Nanovate, an AI startup based in Cairo, Egypt, has successfully raised $1 million in pre-seed funding. The funding round was led by a group of angel investors, with additional support from MINT Incubator by EG Bank and Raya FutureTECH Accelerator. The company plans to use the funds to expand its operations into Saudi Arabia and the UAE, enhance its CRM and ERP integrations, invest in further AI research and development, and grow its team.
Founded in early 2025 by Nancy Madbouly and Ahmed Gamal, Nanovate specializes in developing comprehensive Arabic AI solutions. The company has built its own Large Language Model and provides AI chat agents, automation systems, and tailored solutions. Their AI agents are capable of operating in 22 different Arabic dialects. Additionally, Nanovate has introduced the beta version of its dashboard, which assists businesses in creating their own AI chat agents. Headquartered in Cairo, the company integrates Arabic-native language understanding with real-time speech and emotion AI, alongside workflow automation, to deliver a seamless ecosystem.
