Biware, Tunisian data management, and analytics startup, has closed a $1.2 million seed round from CDC Gestion and Zitouna Capital.
Developed in 2011 by Mohamed Amine Boussarsar and Walid Kaâbachi, Biware is a technological Small and Midsize Business of about thirty engineers whose mission is to support companies in creating value from their data for strategic purposes, namely, increasing revenues, optimizing costs and reducing losses.
It provides verticalized solutions with SAS® and Microsoft technologies® to address business issues and assist customers in decision-making, such as customer knowledge and targeting, fraud detection and management, and demand forecasting.
The startup has a portfolio of about fifty customers (mainly large companies) in the finance, telecommunications, retail, service, and energy sectors, in the African and European markets.
The funding will be used by the data management firm to reach the size of a hundred engineers and 3 African and European branches by 2025.