{"id":17519,"date":"2023-02-11T09:46:02","date_gmt":"2023-02-11T09:46:02","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/kenyan-ai-and-blockchain-startup-receives-investment-from-swiss-vc-firm-africa-bitcoin-news\/"},"modified":"2023-02-11T09:46:02","modified_gmt":"2023-02-11T09:46:02","slug":"kenyan-ai-and-blockchain-startup-receives-investment-from-swiss-vc-firm-africa-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/kenyan-ai-and-blockchain-startup-receives-investment-from-swiss-vc-firm-africa-bitcoin-news\/","title":{"rendered":"Kenyan AI and Blockchain Startup Receives Investment From Swiss VC Firm \u2013 Africa Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Fastagger Inc, an artificial intelligence and blockchain startup from Kenya, recently revealed that it had received an investment from the Swizterland-based blockchain investor CVVC. Mutembei Kariuki, said the investment will be used to fund the further develop Fastagger\u2019s \u201ccutting-edge technology expertise\u201d which harnesses AI and the blockchain.<\/strong><\/p>\n

Utilizing AI and the Blockchain<\/h2>\n

The Kenya-based artificial intelligence (AI) and blockchain startup, Fastagger Inc, recently said it had secured an undisclosed investment from the global blockchain investor CV VC. According to the CEO of the startup, Mutembei Kariuki, Fastagger plans to further develop its \u201ccutting-edge technology expertise\u201d which harnesses AI and the blockchain.<\/p>\n

In his remarks published in a Kenyan Wallstreet report<\/a>, Kariuki spoke of his company\u2019s focus and the funding would help accelerate the startup\u2019s growth.<\/p>\n

\u201cOur focus is on providing innovative solutions that utilize the best of both worlds to create new opportunities for businesses and individuals. I am confident that this investment will help us to accelerate our growth and bring our vision to life. Our team is excited to work with CV VC to achieve our mission and make a real impact in the world,\u201d Kariuki reportedly said.<\/p>\n

While Kariuki touted the investment from CVVC as a milestone for Fastagger and the African startup ecosystem in general, David Long, the Principal & Global Head of Investments at the venture capital firm, insisted that the funding of the startup aligns with its broader goal of \u201cfostering the growth and global adoption of blockchain technology.\u201d<\/p>\n

David Long added that the venture capital firm, which has funded<\/a> African blockchain startups in the past, chose Fastagger because the epitomizes the \u201ccaliber of innovation and talent coming out of Kenya\u2019s Web3 and AI ecosystem.\u201d<\/p>\n

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What are your thoughts on this story? Let us know what you think in the comments section below. <\/strong><\/em><\/p>\n

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\nTerence Zimwara <\/h6>\n

\nTerence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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