$1.25 Million raised by Incubatee Company of IBA-CED


predictifyme

IBA CED is pleased to share that one of IBA-CED's incubatee companies, PredictifyMe has successfully raised $1.25 Million (PKR 129 Million Approx.) for its HOURGLASS project. HOURGLASS is a data analytical tool to generate its own "artificial big data" thus removing the need of acquiring and cleaning data all together.

PredictifyMe is a startup company having offices in Karachi (At IBA-CED) and Islamabad. Mr. Zeeshan Usmani is one of the founding members and Chief Data Scientist of this startup company. He has been working to develop a predictive model based on advanced mathematics and algorithms to determine how the future will look. They have named this project as HOURGLASS and have been working on this project since last 11 months.

PredictifyMe recently needed some capital to expand its team, business development and product development. The funding round was closed in less than 8 weeks from its initiation and successfully raised $1.25 Million. The investors include a founder of multi-billion dollar private equity firm of USA, and executives from a number of key industry segments from USA.

United Nations has also made partnership with PredictifyMe to use HOURGLASS in making schools safe in Pakistan. HOURGLASS will be used to predict the chances of bombing on any school with 70% accuracy. Hence this product will help to minimize the chances of loss of precious lives & help to fight terrorism in Pakistan.

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