Dubai Startup Derq Secures $1.5 Million Seed Round

Dubai Startup Derq Secures $1.5 Million Seed Round

erq, a Dubai-based startup developing technology to reduce road accidents, has raised a $1.5 million seed round from undisclosed investors. The company is using the investment to further develop its technology and grow its team in Dubai. It’s also expanding to the U.S. where it has opened an office in Detroit, the de facto capital of the U.S. automotive industry.

Dubai startup raises $1.5m to use AI to reduce vehicle accidents and opens US office in Detroit

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 recently raised $1.5 million in seed funding after graduating from Techstars Mobility Accelerator. In addition to growing its team and opening an office in Detroit, the company plans on using the cash to advance its tech that aims to reduce vehicle accidents by improving how cars and infrastructure talk to each other.

Dubai company gets funding of $1.5 million, opens Detroit office

Dubai company gets funding of $1.5 million, opens Detroit office

Derq Inc., one of the 11 companies in the current class of the Techstars Mobility incubator program at Ford Field in Detroit, has raised a seed funding round of $1.5 million and is opening an office in Detroit to serve as its U.S. headquarters.