Cassava receives investment from Nvidia
Investment follows multi-billion-dollar deal with Nvidia.
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Cassava Technologies, founded by Zimbabwean businessman Strive Masiyiwa, has received an investment from chipmaker Nvidia.
Earlier this year, Cassava signed a multi-billion-dollar deal with Nvidia to bring advanced artificial intelligence (AI) computing capabilities to its data centres in Africa. Under the agreement, Cassava will deploy Nvidia’s graphic processing units (GPUs) and software tools at its facilities. The infrastructure will allow companies, governments and researchers to train AI models locally while retaining data within the continent.
“Cassava is Africa’s leading technology company, driving the continent’s digital transformation with digital infrastructure and digital services. Securing this investment is an important milestone that we expect to unlock additional value from and catalyse the further expansion of our digital infrastructure and services to bridge the digital divide on the continent,” said Hardy Pemhiwa, president and group CEO of Cassava Technologies.
Cassava’s other investors include Econet Group, British International Investment, DFC, Finnfund, the Fund for Export Development in Africa, Gateway Capital, Google, the International Finance Corporation, South Africa’s Public Investment Corporation, and Royal Bafokeng Holdings.
Cassava operates across Africa, the Middle East and Latin America through a portfolio of business units comprising Liquid Intelligent Technologies, Africa Data Centres, Liquid C2, Cassava.ai, and Sasai Fintech.
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