South Africa
Locstat is a South Africa-based startup founded in 2016, operating in the AI and Analytics industries. Their slogan, "Our graph intelligence platform delivers next-gen graph analytics by supplementing graph with a supporting ecosystem," reflects their core business offering. The company addresses the challenges businesses face in analyzing the volume, velocity, veracity, and variety of data in real time, aiming to uncover insights to empower organizations across various industries.
Locstat's recent achievement includes securing their Seed Round investment on 21 February 2023 from notable investors including GrindstoneXL, Savant Technology Incubator, Digital Africa Ventures, and Strat Tech. This investment is expected to fuel their mission of addressing the skills shortage, complexity, and high costs of implementing real-time, big-fast-connected-data solutions.
The company's focus on providing solutions such as high volume transaction monitoring, real-time BI3.0, customer retention, fraud/AML/KYC, and more, highlights their commitment to enabling organizations to rapidly create next-generation data intelligence applications. Locstat's unique approach of utilizing graph technology, event processing, and machine learning sets them apart in the industry, empowering businesses to make informed decisions in a highly connected world.
Overall, Locstat stands out as a promising player in the AI and Analytics space, poised to drive impactful results for organizations grappling with the complexities of real-time data analysis. Their recent investment affirm their potential for growth and innovation in the evolving digital landscape.
