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Home Startups SA’s Xineoh Technologies raises $500,000 to commercialize its AI platform

SA’s Xineoh Technologies raises $500,000 to commercialize its AI platform

by Milcah Lukhanyu
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Xineoh Technologies Inc. has raised  an additional equity financing of US$500,000. Plus the December 2018 financing, Xineoh has raised aggregate gross proceeds of US$1.518 million.

Xineoh has developed a platform for predicting consumer behavior with AI which can be implemented by clients, quickly, cheaply and with minimum complexity.  Companies can use Xineoh’s platform to out-predict their competition, thereby maximizing business efficiency, margins and customer satisfaction. 

Xineoh allows for matching people with products, matching inventory with business opportunities, matching prices with spending propensity and matching people with usage patterns. 

The Company intends to use the net proceeds of the Offering to continue to develop and commercialize its market-leading AI platform. All securities issued in the Offering are subject to a statutory four-month hold period expiring on June 12, 2019.

In December last year the firm closed a non-brokered private placement equity financing for aggregate gross proceeds of US$1.018 million to develop its AI platform for predicting consumer behavior which can be implemented by clients, quickly, cheaply and with minimum complexity. 

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