Algebra Intelligence, a Jordanian AI-driven energy monitoring solutions startup has announced the closing of a $310K Pre-Seed funding round, led by Oasis500.
Founded in 2020 by serial entrepreneur Mr. Ahmad Altawafsheh and his partner Dr. Ala’a Alghwiri, Algebra Intelligence is introducing a unique solution to the energy sector through their first product, TaQTaK.
TaQTaK is an all-encompassing, energy smart solution providing several new features, such as real-time plant monitoring, pro-active notifications, predictive maintenance, as well as ticketing and reporting solutions. TaQTaK was built to ensure every single plant is making the most of the energy generated by optimizing the plant performance, sustaining the optimal generation possible, and reducing the operation cost.
Algebra Intelligence plans to use the investment to develop a data-based platform that utilizes cutting-edge AI and ML techniques to create most of the energy resources. The plan is to get the Algebra platform commercially ready to serve valued customers as a mobile application (both Android and iOS) for portability, and as a web application for more functionality.
Moreover, the startup is also eyeing entry to the Jordanian market and is work on future plans to expand to the MENA region.