Tunisia data management startup Biware raises a $1.2 million Seed round

Biware, a Tunisia data management and analysis startup has raised a $1.2 million seed round from  Zitouna Capital and CDC Gestion.

The company has accomplished 11 years in existence in the African and European markets achieving its strategic development plan (2021–2026) that is supported and financed by the EBRD in partnership with PROQUAL. This plan covers commercial operational development and software development – including software development dedicated to Analytics and Artificial Intelligence.

Founded in 2011, Biware is a technological SMB of 30 engineers on a mission to support companies to create value of data for strategic purposes, namely increased revenue, optimized costs, and reduced losses. Biware provides verticalized solutions with SAS and Microsoft technologies while addressing business issues that assist customers in decision making such as fraud detection, customer knowledge, targeting, and demand forecasting.

Biware has a portfolio of fifty large companies spread across finance, service, retail, telecommunications, service, and energy sectors. Since 2018, Biware began heavily investing in the development of digital products and accelerators through the analytical core in verticalized areas of finance and human capital management that meets the emerging needs of SME business segments.