Knife Capital backs local AI agent business

Knife Capital backs local AI agent business

The Cue team. (Image: supplied) Artificial intelligence (AI)-powered customer service platform Cue has secured a $5 million (R82 million) primary funding round, co-led by Knife Capital and FAM Investments. The funding will support product development, international expansion and deeper investment in voice, security and enterprise integrations, according to a statement. Cape Town-headquartered Cue says it…

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Raxio Tops US0 Million in Committed Capital as Roha and Meridiam Boost Stakes Amid Sixfold Growth Surge for its African Data Centres

Raxio Tops US$380 Million in Committed Capital as Roha and Meridiam Boost Stakes Amid Sixfold Growth Surge for its African Data Centres

Raxio Group, Africa’s most expansive data centre platform, surpassed US$380 million in committed capital as shareholders Meridiam and Roha increased their support for the company’s next phase of growth following a sixfold surge in contracted capacity this year. The additional equity from Roha and Meridiam extends Raxio’s capital base from a previous US$350 million, building…

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Why Telkom is pouring capital spending into IT

Why Telkom is pouring capital spending into IT

Telkom Group CEO Serame Taukobong Telkom customers who want to buy fibre, mobile and a fixed-wireless product in a single purchase still can’t do so easily – a shortcoming group CEO Serame Taukobong has acknowledged is the central problem a multi-year overhaul of the operator’s back-office systems is meant to solve. “If you walked into…

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