Derq, a Detroit- and Dubai-based artificial intelligence (AI) technology company, and Parametrix, an established planning, engineering, technology, and management consultancy company, have signed a Memorandum of Understanding (MoU) to deliver smart technology solutions for more livable communities based on Derq's platform and Parametrix’s innovative solutions.
(CNN)Dubai is well known as a testing ground for future tech, and seen as a model for future living by many.
[...]Derq describes itself as "a Dubai-based MIT spin-off with a mission to eliminate road accidents and save lives by using artificial intelligence and V2X (vehicle-to-vehicle or vehicle-to-infrastructure) technology."
CNN video feature can be found here.
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.
