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INTERNET | Internet Software & Services / Business Intelligence, Analytics & Performance Mgmt
sempo.ai

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Founded Year

2016

Stage

Series A | Alive

Total Raised

$1.22M

Last Raised

$1.14M | 1 yr ago

About Sempo

Sempo uses crowdsourcing and AI to analyze data published online in the aftermath of disasters, allowing response teams to react more quickly and effectively.

Sempo Headquarter Location

33 Lincoln Square S

Carlton, Victoria, 3053,

Australia

61401391419

Latest Sempo News

Aussie startup Sempo bags $1.6 million from the EU to fund crypto-for-good project in partnership with Oxfam – Australian FinTech

Jul 14, 2020

Aussie startup Sempo bags $1.6 million from the EU to fund crypto-for-good project in partnership with Oxfam Aussie blockchain fintech Sempo has secured €1 million ($1.6 million) in funding from the European Commission to fuel digital aid projects in partnership with Oxfam. Sempo provides a centralised model for distributing aid to people affected by disasters, particularly those who don’t have access to a bank account, but do have a smartphone. The startup uses a suite of cryptocurrencies, with one acting as the ‘global reserve’. The idea is to get people and stores in remote communities onto the platform, allowing for digital cash purchases at times of crisis.In September last year, Sempo took the top prize at Startup Victoria’s Impact Pitch Night. Since then, it has been fielding an uptick in interest from NGOs both in Australia and internationally, co-founder Tristan Cole tells SmartCompany. Sempo’s project was one of five to secure backing as part of the European Commission’s European Innovation Council Prize for Blockchains for Social GoodIt beat “a couple of hundred” applicants to make the top five, which each secured a €1 million cash injection, Cole says. For an Aussie startup, he admits it’s “a little unusual” to secure government funding from the European Union, and in euros for that matter. But, the scheme only needed the lead funding applicant to be based in Europe ⁠— that was Oxfam Ireland. And for a startup with global ambitions, there’s no reason to be restricted to funding options on your home ground. To read more, please click on the link below…

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Expert Collections containing Sempo

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Sempo is included in 1 Expert Collection, including Artificial Intelligence.

A

Artificial Intelligence

7,895 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

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