New R500-million AI fund launched in South Africa

Former Liquid Telecom CEO Reshaad Sha has launched Britegaze Fund One – a fund focused on assisting Artificial Intelligence businesses in South Africa and the African continent.

Britegaze will use its expertise in the telecommunications sector to help companies to solve complex challenges the industry faces.

Additionally, the Britegaze transaction advisory business will work with customers and partners to provide strategic advisory services.

Commenting on the launch of Britegaze Fund One, Sha said despite the mass of data available to companies, very little of this data is actually analyzed and put to good use.

“Today data is generated at a phenomenal rate driven by the number of Internet users, machines, and the Internet of Things. As of the beginning of 2020, there were approximately 44 zettabytes of data in the digital universe,” said Sha.

“On a daily basis, in excess of 2.5 billion gigabytes are generated, and that is expected to grow to 463 exabytes per day in 2025.”

He said there is no way for humans to process this volume of data, let alone interpret the results from the analysis of this data.

This is where AI comes into play. AI companies are developing solutions to process, learn from, react, and to a large extent autonomously take decisions based on the data it has ingested.

He said Britegaze will invest in AI businesses which have an established customer base and are keen to explore a rapid growth trajectory.

It will also co-create solutions with those partners that they believe has sufficient scope to address some large challenges that the telecoms industry are facing today.

Britegaze Fund One has a target of R500 million that it expects to raise over the coming months.

Now read: Liquid Telecom SA CEO Reshaad Sha resigns – Here are his plans

Sourced from: MyBroadband. View the original article.


Did you know that we have just updated all our comparison sections?
There’s no better way to make an educated decision than to compare offers first!

Alternatively >>>Leave your detail<<< and have a few providers contact you!

**PS. If you are a Telecoms Reseller in South Africa be sure to check out Telecoms-Channel which is specifically designed to provide you with content, insight and analysis to establish yourself as an authority in the industry.**



Since 2009, has helped thousands of South African business to make better buying decisions for phone systems, VoIP and Fibre and Wireless internet connectivity. In this time, we’ve facilitated the connection of 50,000+ users through our network of 500+ telecoms providers.

If you need a quote on a telephone system, VoIP, or other business communication solutions, click here to get one in a flash.

Visit our website for the latest telecoms news in South Africa, advertising options, and our comprehensive provider directory.

We've helped thousands, now let's help you.

We are committed to helping you to make an educated buying decision, and finding the best telecoms partner for your business.

Compare VoIP Providers in South Africa