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Loosely Coupled Technologies Raises Investment

Loosely Coupled Technologies, the Kuala Lumpur-based data analytics company that says it uses NLP and AI Tools in business applications, announced today that it has raised an undisclosed amount of investment from Razor Capital, a UK-based venture capital and investment management firm with a focus on frontier markets, said a statement. Razor will make the investment through it's Luxembourg investment vehicle Monsoon Tech.

Previously, Razor Capital invested in four Bangladeshi startups including Direct Fresh, Bongo, Sheba and Augmedix.

Founded in 2017, Loosely Coupled Technologies is focused on bringing localized Artificial Intelligence and Natural Language Processing capabilities in business applications across South and Southeast Asia.

The company says, using AI, Machine Learning and Predictive Data Modelling, it helps companies to visualize key market and business indicators. The company already serves a host of public institutions, consulting companies, and advertising agencies and counts Boston Consulting Group, Mind Share, Unilever, Sinarmas, Rahim Afrooze, and PNMB in its client list.

Mohammad Ruhul Kader is a Dhaka-based entrepreneur and writer. He founded Future Startup, a digital publication covering the startup and technology scene in Dhaka with an ambition to transform Bangladesh through entrepreneurship and innovation. He writes about internet business, strategy, technology, and society. He is the author of Rethinking Failure. His writings have been published in almost all major national dailies in Bangladesh including DT, FE, etc. Prior to FS, he worked for a local conglomerate where he helped start a social enterprise. Ruhul is a 2022 winner of Emergent Ventures, a fellowship and grant program from the Mercatus Center at George Mason University. He can be reached at [email protected]

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