Nigerian Entrepreneur Tobi Olatunji's Ai Firm Lands $1.6 Million In Seed Funding

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nigerian entrepreneur tobi olatunjis ai firm lands 16 million in seed funding

Intron Health, an artificial intelligence (AI) startup led by Nigerian entrepreneur Tobi Olatunji, has raised $1.6 million in pre-seed funding to enhance its African language speech recognition technology. The investment will support the company's efforts to expand research and broaden its language coverage, marking a key development in Africa's tech industry.

Microtraction leads pre-seed investment round

Africa's diverse linguistic landscape presents significant challenges for AI development. Intron Health's focus on speech recognition technology for African languages addresses a critical gap in the market, creating opportunities for improved healthcare delivery.

The pre-seed round, led by Microtraction, attracted several other investors, including Africa Health Ventures, Google, CLEAR Global, NYU, and Optum. Prominent investors like Plug and Play Ventures and Jaza Rift Ventures also contributed.

Expressing optimism about the company's growth and impact, Tobi Olatunji, Founder and CEO of Intron Health, said: "We are not only improving efficiency but also enhancing health outcomes and positively impacting hospital finances. With the backing of prominent global investors who bring deep knowledge and expertise, we are looking forward to our next phase of growth."