Aug 18, 2022
AIFC Member “Cerebra” Starts Raising $200 000 on the VentureRocket Eurasia platform
The AIFC member and Kazakhstani healthtech startup, “Cerebra”, has launched its fundraising campaign on VentureRocket Eurasia – a startup management environment and Central Asian first startup co-investment platform that connects vetted startups, accredited investors, and other ecosystem members, enabling co-investing in a fully regulated environment.
Founded in 2018, Cerebra is an innovative AI-based automated software solution that helps identify brain stroke within 3 minutes helping to prevent neurological deficiency and as a result, saving human lives. With more than 34% of all hospitals in Kazakhstan already using Cerebra’s beta solution, the startup has been recognized as one of the top regional healthtech solutions and the best innovative startup by leading companies worldwide.
“We use highly specialized artificial intelligence to automate stroke diagnosis. In professional terms, Cerebra is a post-processing software that helps physicians involved in the stroke service to detect early signs of acute stroke in radiological images and clinical data.”, – said Doszhan Zhussupov, the CEO of Cerebra.
The startup is raising $200 000 on the VentureRocket Eurasia platform. The deal will be structured based on the SAFE note, through an SPC, allowing investors to co-invest with VCs and experienced angel investors with a smaller check.
The startup is planning to spend the raised capital on further growth in the Kazakhstani market, as well as the expansion to the UK and Turkey. Based on the capital raised, the startup also plans to complete the CE/UKCA certification, the Traumatic Brain Injury (TBI) R&D and finalize the stroke R&D (MRI, CTA, CTP). The fundraising campaign will last till the end of September 2022.
In September 2020, Cerebra received $50K as a part of the Kazakhstan Digital Acceleration Program from Quest Ventures – a Central Asian venture capital firm investing in regional startups from fintech, AI, e-commerce, entertainment, food, logistics, and Islamic digital economics.
“Cerebra is a graduate of the first stream of the Kazakhstan Digital Accelerator and the first deep tech in history that attracts investments from Venture funds”, – said Ruslan Rakymbay, Investment Director of Quest Ventures.
“Cerebra is an up-and-coming deep tech startup. Its success will definitely bring impact to the further development of the AI and healthtech industry in Kazakhstan”, – shared Arslan Kudiyar, CEO at VentureRocket Eurasia.
To learn more and connect with Cerebra, join VentureRocket Eurasia here.
The Astana International Financial Centre (AIFC) is an independent jurisdiction that started operations in 2018. In accordance with the Development Strategy until 2025, the key focus of the AIFC is to consolidate as a universal platform connecting the countries of the EAEU, Central Asia and the Caucasus.
The AIFC Tech Hub is a meeting point for global startups, entrepreneurs, corporations, investors, leading industry experts, and specialists. The development of technologies in the AIFC covers programs to support startups, corporate innovations, and the venture capital market as well as specially developed rules and a regulator that allows testing products and solutions in technology.
VentureRocket Eurasia is a startup ecosystem management and investment platform, set up by the Fintech Hub of the AIFC (https://tech.aifc.kz/) and the global research and innovation company, Titanium Technologies (https://titanium-tech.net/).
This is the first co-investment platform for startups in Central Asia that aims at attracting regional and global capital providers. For investors, this platform is an opportunity to connect with vetted startups, invest with other partners, and enter a global network of other ecosystem members to get startup support services from them.
Quest Ventures is one of the top VC firms in Central Asia that since 2011 has been investing in regional startups from diverse industries (AI, e-commerce, entertainment, fintech, sports, the Islamic digital economy, and more), covering a portfolio of 100+ tech startups from Central Asia.
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