// startup autopsy
MadagascarAI
Madagascar's AI startup in a country where $500 GDP per capita eliminates enterprise technology demand
market sizeSlow Death
Years-long decline before final shutdown · Fatal mistake: Madagascar 28M population but $500 per capita GDP; enterprise AI market under 10 companies; telcos (Telma, Orange, Airtel) had no AI procurement budgets; French bilateral assistance dominated government tech
| Founded | 2019 |
|---|---|
| Closed | 2022 |
| Country | Madagascar |
| Sector | Ai |
// the model, blind
Evaluating only MadagascarAI’s profile at its peak — without knowing the outcome — the model ranked Market too small as the #1 likely cause. That’s exactly how it died.
Key Events Timeline
FOUNDING
MILESTONE
SHUTDOWN