Fastagger Inc, a Kenyan blockchain and artificial intelligence startup, recently revealed that it had received an investment from Swiss-based blockchain investor CVVC. Mutembei Kariuki, said the investment will be used to finance the development of Fastagger’s “state-of-the-art expertise” that leverages AI and blockchain.
Using AI and Blockchain
Kenya-based blockchain and artificial intelligence (AI) startup Fastagger Inc recently said it had secured an undisclosed investment from global blockchain investor CV VC. According to the startup’s CEO, Mutembei Kariuki, Fastagger plans to further develop its “edge-tech expertise” leveraging AI and blockchain.
In his comments posted on a Kenyan Wallstreet reportKariuki talked about his company’s approach and the financing would help accelerate the growth of the startup.
“Our approach is to provide innovative solutions that use the best of both worlds to create new opportunities for businesses and individuals. I am confident that this investment will help us accelerate our growth and realize our vision. Our team is excited to work with CV VC to achieve our mission and have a real impact in the world,” said Kariuki.
While Kariuki touted the CVVC investment as a milestone for Fastagger and the wider African startup ecosystem, David Long, senior director and global chief investment officer at the venture capital firm, insisted that the startup funding aligns with its broader goal of “fostering the growth and global adoption of blockchain technology.”
David Long added that the venture capital firm, which has funded African blockchain startups in the past, chose Fastagger because it epitomizes the “caliber of innovation and talent emerging from Kenya’s Web3 and AI ecosystem.”
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