- Jordan-based energy monitoring solutions startup Algebra Intelligence, has raised a $310,000 pre-Seed funding round from Oasis500.
- The startup was founded in 2020 by Ahmad Altawafsheh and Ala’a Alghwiri. Its first product, TaQtak, offers an energy-smart solution for plants and includes features like real-time plant monitoring, proactive notifications, predictive maintenance, as well as ticketing and reporting solutions.
- Algebra plans to use the funds to develop a data-based platform that utilises artificial intelligence (AI) and machine learning (ML) technologies, with plans to expand its regional footprint.
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 optimising the plant performance, sustaining the optimal generation possible, and reducing the operation cost.
Algebra plans to use the investment to develop a data-based platform that utilises 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.