The developers of one of the first AI (Artificial Intelligence) based content-writing software in the world from Pakistan, baseH Technologies (baseH), has received a valuation of $4 million seed funding stage. This makes it one of the highest valued AI startup in Pakistan’s technology ecosystem.
Talking at this event, the federal information minister Khalid Maqbool Siddiqui said that Digital transformation of all functions, companies, communities, and economies is an inevitable consequence of 4th Industrial Wave Technologies. He acknowledged that Data is the new form of wealth and value. It is now being gathered at an unprecedented scale and it is important we develop tools to make sense of the mountains of data
Companies like baseH can scale to all markets and industries across the world and this is what we need to open up world markets for our technologists. BaseH has been making big waves ever since it emerged with its Artificial Intelligence writer called Dante. Valued at over USD4 million.
BaseH turns raw data into insightful narratives for investors/users to make timely, sensible and highly informed decisions. baseH is Pakistan’s first The company developing AI-based solutions that look to transform investment advisory industry with AI-driven predictive analytics; media industry with AI-based journalism/reporting; and AI-powered social image/perception management, followed by AI solutions to healthcare and law industries in near future.
ElahiGroup of Companies (ECG)– an emerging conglomerate in Pakistan, has stepped up as an Angel to fund the development of this AI-startup. The CEO of EGC, Mr. Danish Elahi, said “we have made an excellent choice in choosing baseH as a strategic investment opportunity for our group. This future unicorn with truly disruptive technology is at par with global standards and, in many ways, ahead of the industry making its way up to the 4IR.” He further said, “baseH Technologies caught our eye when it unveiled Dante – TheRoboJournalist – and became a global story overnight.”
The co-founders of the company are Anis Uddin Shiekh (CEO), Khurram Schehzad (ED & CSO), Faisal Jalil (ED) Sherjan, and Imran Ahmed Khan (ED & Creative Head).
The founders are of the view that this is the perfect time for them to develop AI-based products that can empower any industry, which has a data-rich environment and needs analysis tempered with real human sentiment. Dante’s Sentimeter the ROBO Analyst, Robo Advisor, Robo Twitter, Roborator are all designed to improve the smooth, seamless functioning in media and financial industry with minimum and no human intervention.
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