• Cryptocurrency
  • Earnings
  • Enterprise
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact Us
TechBooky
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Cassava Technologies Secures $50M Investment Deal from C5 Capital

by
July 18, 2022
in Uncategorised
Share on FacebookShare on Twitter

Cassava Technologies reveals C5 Capital as its capitalist investor that is obliged in completing its $50m funding-raising investment initiative to promote its integrated technology services across the continent. Cassava Technologies is an integrated technology solution prominent in the pan-African digital ecosystem and the investment deal it bagged from the capitalist company will aid its expansion scheme in leading digital inclusion in Africa.

Cassava Technologies announced the $50m investment it secured from C5 Capital which the venture capitalist also noted to contribute to its subsequent cyber security company dubbed Cyber Haven to accelerate Cassava Technologies’ initiative to integrate technology solutions in Africa. As Cassava Technologies sets to continue its accelerated digital connectivity inclusion it tallies with its investor’s intent to also drive energy security and cyber security inclusion in Africa.

C5 Capital has reportedly committed to investing Pan African technology ecosystem as well as its subsequent technology company’s involvement in innovating African technology. The $50m investment initiative that binds C5 Capital, Cassava Technologies, Liquid Cloud & Cybersecurity, and Haven Cyber will focus on innovating the Pan African technology ecosystem via cybersecurity, and energy security.

The likes of Cassava Technologies and Haven Cyber are top-notched Pan African cyber security companies that will integrate their services with the Microsoft cybersecurity suite product backed with millions of dollars to tackle cybercrime in the continent while C5 capital remains the cash cow. Cassava Technologies Founder and CEO, Strive Masiyiwa announced his company has approved C5 and its Haven Cyber as investors in his pan-African business.

Masiyiwa’s announcement noted that his company has been keen to accelerate its technology involvement in Africa as a branched-out product service that is currently present in twenty African countries to leverage technology innovation that will “leaves no African behind.” Masiyiwa’s Cassava technology company is dedicated to serving local businesses with soluble cyber security.

Aside from the $50m and Haven Cyber’s investment C5 Capital granted to Cassava Technologies, the venture capitalist CEO, André Pienaar also noted that their commitment to innovative Africa’s digital ecosystem will also include provisional data centres, cloud, fibre networks, renewable energy, and Cyber security will supersede them all. Pienaar said his investment in Cassava Technologies’ cybersecurity solution will establish another technology-inclined network to accomplish accelerated services.

“Recent industry reports highlight that cyber security threats cost Africa close to US$4.1 billion in lost GDP in 2021. This is primarily due to the massive increase in the adoption of technology in businesses and governments across Africa and increased vulnerabilities as cyber-attack technologies evolve. Today’s investment from C5 and our pan-continental partnership will enhance our ability to enable our customers to build secure and stable cloud-based digital services critical to transforming lives on the continent,” Cassava Technologies president, Hardy Pemhiwa said.

Cassava Technologies’ president’s comment confirmed that the $50m they secured from C5 Capital is more than an investment initiative but a partnership scheme whereby C5 offered its subsequent technology company, Haven Cyber whilst Liquid Cloud & Cybersecurity company a subsequent of Cassava Technologies will be involved to accelerate technology innovation in Africa.

For context, the likes of Cassava Technologies, Liquid Cloud & Cybersecurity, Haven Cyber, and C5 Capital is a joint force of expertise in establishing state-of-the-art Cyber Security Operations Centres (CSOCs). According to Pemhiwa’s comment, the CSOC will launch in South Africa before the 2022 countdown elapse and it will be suitable for FinTech, e-health, e-commerce, and other technology-inclined integration.

Related Posts:

  • png_20220718_215544_0000
    Cassava Technologies Secures $50M Investment Deal…
  • png_20220718_215544_0000
    South Africa's Cassava Technologies Raises $50m From…
  • The Liquid C&C Cybersecurity Fusion Centre is set to put Microsoft Data Centre Out of Business.
    The Liquid C&C Cybersecurity Fusion Centre is…
  • Releaf Completed Its Pre-Series A Funding With $3.3M To Industrialize Food Security In Africa.
    Releaf Completed Its Pre-Series A Funding With $3.3M…
  • Releaf
    Agritech Startup, Releaf Completed Its Pre-Series A…
  • lcimg_7c571157_2852_4ee8_9799_0284b94a5001
    Interswitch Secure a Hundred Million Dollars from…
  • lcimg_7c571157_2852_4ee8_9799_0284b94a5001
    Interswitch Secure a Hundred Million Dollars from…
  • 97A55D0F-C7A6-4CFD-9784-22AB355EAA21
    Haul247 Secured A Million Dollars Debt Financed…

Discover more from TechBooky

Subscribe to get the latest posts sent to your email.

BROWSE BY CATEGORIES

Select Category

    Receive top tech news directly in your inbox

    subscription from
    Loading

    Freshly Squeezed

    • Top 10 Fee-Free Fintech Apps Nigerians Are Turning To After CBN’s New Charges May 8, 2025
    • Airtel Launches Mobile Money in 2026 to Rival M-Pesa & MoMo May 8, 2025
    • Nigeria Hits 172M Mobile Subscriptions; MTN Tops 90M Barrier May 8, 2025
    • WhatsApp Developing AI Chat Wallpapers & Message Summaries May 8, 2025
    • Bill Gates to Wind Down Foundation by 2045, Slams Elon Musk Over USAID Cuts May 8, 2025
    • Central Bank of Nigeria Approves Open Banking Launch This August. Here’s what to Know May 8, 2025

    Browse Archives

    May 2025
    MTWTFSS
     1234
    567891011
    12131415161718
    19202122232425
    262728293031 
    « Apr    

    Popular Tags

    africa (135) AI (497) android (367) app (717) Apple (576) artificial intelligence (419) business (482) china (132) cryptocurrency (209) ecommerce (122) enterprise (287) facebook (507) fintech (244) funding (121) gadget (558) gaming (201) google (709) government (469) instagram (173) internet (466) ios (291) iphone (246) meta (116) microsoft (369) mobile (352) new feature (384) nigeria (440) privacy (158) research (140) samsung (185) security (421) smartphone (277) social media (835) software (509) startup (419) streaming (174) telecom (242) tips (372) twitter (289) united states (216) users (158) videos (127) website (173) whatsapp (201) youtube (138)

    Quick Links

    • About TechBooky
    • Advertise Here
    • Contact us
    • Submit Article
    • Privacy Policy

    About Us

    TechBooky

    TechBooky is a social Tech blog with a special focus on the budding African Technology sector. TechBooky is currently based in Abuja, Nigeria.

    Recent News

    Top 10 Fee-Free Fintech Apps Nigerians Are Turning To After CBN’s New Charges

    Top 10 Fee-Free Fintech Apps Nigerians Are Turning To After CBN’s New Charges

    May 8, 2025
    Airtel Launches Mobile Money in 2026 to Rival M-Pesa & MoMo

    Airtel Launches Mobile Money in 2026 to Rival M-Pesa & MoMo

    May 8, 2025
    MTN Recovers ₦32 Billion in USSD Fees

    Nigeria Hits 172M Mobile Subscriptions; MTN Tops 90M Barrier

    May 8, 2025
    WhatsApp Developing AI Chat Wallpapers & Message Summaries

    WhatsApp Developing AI Chat Wallpapers & Message Summaries

    May 8, 2025
    Bill Gates to Wind Down Foundation by 2045, Slams Elon Musk Over USAID Cuts

    Bill Gates to Wind Down Foundation by 2045, Slams Elon Musk Over USAID Cuts

    May 8, 2025
    Central Bank of Nigeria Approves Open Banking Launch This August. Here’s what to Know

    Central Bank of Nigeria Approves Open Banking Launch This August. Here’s what to Know

    May 8, 2025
    • Login

    © 2021 Design By Tech Booky Elite

    Generic selectors
    Exact matches only
    Search in title
    Search in content
    Post Type Selectors
    • African
    • Artificial Intelligence
    • Gadgets
    • Metaverse
    • Tips
    • About TechBooky
    • Advertise Here
    • Submit Article
    • Contact us

    © 2021 Design By Tech Booky Elite

    Discover more from TechBooky

    Subscribe now to keep reading and get access to the full archive.

    Continue reading

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok