South African Data Startup Stone Three raises expansion funding

South African Data Startup Stone Three raises expansion funding

South African developer of enterprise software engineering solutions Stone Three, has raised an undisclosed amount of funding from Knife Capital as it bids to expand.

Stone Three was launched in 2000. The startup has since become a leading industry 4.0 solution business, combining expert services with the power of machine learning to solve problems that increase operational productivity in industries.

Stone Three offers end-to-end solutions for AI-augmented digital productivity, health and workplace safety including software services that contain advanced machine learning, video analytics, healthcare technologies and deep domain knowledge.

Derick Moolman, Stone Three’s chief executive officer (CEO) speaking on the funding said that the startup is creating the future of work of work through data.

“Actionable insights and sustainable business value from data help fuel the Fourth Industrial Revolution and Stone Three partners with the firms that built the world of today to create the future of work by leveraging the benefits buried in their industrial data.

“My former partners and I were fortunate to work closely with the Knife Capital founders in a previous successful venture and I’m excited to have this funder of choice alongside us in Stone Three’s growth journey” said Moolman.

Keet van Zyl, partner and co-founder at Knife Capital also added that: “It is a tough challenge to successfully blend data analytics with invaluable human experience and institutional knowledge to achieve measurable results in increasing operational productivity. Through our previous successful venture capital exit with Derick and CSense we built a trust relationship and knowing the technology development capability of the Stone Three team, we are excited to be an investor here. We look forward to adding value in their continued growth journey,”.

Author

  • Storyteller and Data analyst. Passionate about startups and innovators leveraging tech to promote financial and social inclusion in Africa and for Africans

Joel Nwankwo

Storyteller and Data analyst. Passionate about startups and innovators leveraging tech to promote financial and social inclusion in Africa and for Africans

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