Dubai startup raises $1.5m to use AI to reduce vehicle accidents and opens US office in Detroit
Derq aims to make cars smarter and not too long ago lifted $one.five million in seed funding right after graduating from Techstars Mobility Accelerator. In addition to expanding its workforce and opening an workplace in Detroit, the organization options on utilizing the dollars to advance its tech that aims to reduce vehicle incidents by enhancing how cars and infrastructure communicate to each and every other.
The organization sees its products integrating into current and foreseeable future vehicle to vehicle (V2V) and vehicle to infrastructure (V2I) communication. Derq has created and patented an software layer that sits in between these communication levels and aims to predict incidents this sort of as crashes and then notifies nearby motorists — some thing that will achieve even extra relevance as extra autonomous cars strike the road.
The undertaking was spun out of MIT wherever the founder and CEO Georges Aoude gained a Ph.D in aerospace engineering in 2011. The organization is based mostly in Dubai and options to before long open up its initially workplace in the US in downtown Detroit and seek out partnerships with vehicle makers.
Previously this thirty day period, Derq signed an agreement with Dubai-based mostly organizations to trial its technological innovation. The organization claims this Memorandum of Understanding aims to reveal the feasibility and advantages of linked vehicle technological innovation in regards to road safety.
“Dubai is at the forefront of adopting impressive systems that emphasis on enhancing road safety and autonomous vehicle deployments. We’re honored to be functioning with Smart Dubai Office environment, Roads and Transport Authority and Dubai Oasis Authority to implement Derq’s road safety technological innovation in Dubai’s Silicon Oasis,” said Dr. Georges Aoude, CEO for Derq in a blog write-up. “While headquartered in Dubai, we not too long ago graduated from Techstars Mobility in Detroit, and felt it was significant to open up an workplace in Detroit – the epicenter of mobility innovation in the U.S. Our new seed round will help Derq establish a workforce here, expand our workforce in Dubai and continue on enhancing our technological innovation.”
The vehicle communication sector is speedily gaining new entrants as extra corporations test to turn out to be a important aspect of what is certain to be an significant communication layer. Derq sits at an fascinating vantage level by serving both equally V2V and V2I however they’re going to have to market their eyesight to vehicle makers, vehicle suppliers and govt regulators, which could demonstrate a more durable challenge than developing the products.