South African Machine Learning Specialist DataProphet Secures Knife Capital

Funding

Knife Capital’s investment in DataProphet will boost the company’s innovation capabilities and
accelerate global expansion.

San Francisco, CA, March 23, 2018 --(PR.com)-- DataProphet is a Cape Town based machine learning
company that develops and implements bleeding-edge product development solutions to a wide range of
industries, with a specific focus on the manufacturing sector. They assist data-heavy businesses to
discover the insights and predictive capabilities hidden in their data.

The company has now received a multi-million dollar funding round from Knife Capital - a leading
venture capital firm with offices in Cape Town and London. Knife Capital invests via a consortium of
funding partnerships, including SARS section 12J Venture Capital Company KNF Ventures and select
family offices.

The funding will be applied to boost the company's innovation capabilities and accelerate global
expansion. DataProphet has already successfully delivered on many local and international projects. Key
clients and revenue drivers are largely international and the company has earned a reputation of
competing at the highest level, outperforming blue-chip corporates on project deliverables in many
instances.

Machine learning and Artificial Intelligence (AI) is already helping manufacturers achieve yields that
they hadn't thought possible through intelligent automation and much more dynamic control methods.
These technologies are key to achieving the goals of Industry 4.0 and allowing manufacturing plants to be
far more responsive to the market demands without incurring additional costs.

“Those that don't adapt will fall behind, to be replaced and supplanted by newer and more dynamic
companies that use machine learning to drive their growth,” says Frans Cronje, MD and Co-Founder of
DataProphet. “We are delighted to welcome another credible investment partner like Knife Capital on
board to become actively involved in strategic elements of the business and to open up their market
access networks in pursuit of growth,” said Cronje. DataProphet previously raised funding from private
investment group Yellowwoods.

The Cape-based startup has established itself as an aspirational work environment for AI and machine
learning talent in South Africa and has become a magnet for these key resources. "DataProphet is a prime
example of the kind of cutting edge technologies South African entrepreneurs are capable of developing
with global relevance in a fast-growing market. We were impressed with every aspect of the business
during our due diligence and subsequent deal closing process, and look forward to the scale-up journey as
part of the team," says Andrea Bohmert, Investment Partner at Knife Capital.

Knife Capital's investment in DataProphet comes at a time when the manufacturing industry is being
revolutionised by combining emerging technologies such us the Internet of Things, AI, and machine

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learning. In applying advanced machine learning to optimise and control manufacturing processes,
DataProphet's customers have realised substantial savings and increases in yield. In one client's case,
DataProphet's AI solution doubled their profit within the first month of it going live. DataProphet now
plans to bring these benefits to a wider client base.

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Contact Information:
Knife Capital
Keet van Zyl
+27827882727
Contact via Email
www.knf.vc

Online Version of Press Release:

You can read the online version of this press release at: https://www.pr.com/press-release/748554

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