Dubai's big plans to revolutionize how we travel
(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.
(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.
Dubai Startup Derq Secures $1.5 Million Seed Round
Derq, 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.
Derq, 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
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.
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.
COMPANY UPDATE (19 OCT 2017)
Derq Secures $1.5M in Seed Funding to Eliminate Road Accidents and Save Lives. Signs Memorandum of Understanding in Dubai with Smart City Dubai, Road and Transport Authority and Dubai Silicon Oasis Authority
Derq Secures $1.5M in Seed Funding to Eliminate Road Accidents and Save Lives
Signs Memorandum of Understanding in Dubai with Smart Dubai Office, Roads and Transport Authority and Dubai Silicon Oasis Authority
Dubai, United Arab Emirates – October 19, 2017 – Derq, the company developing innovative technologies that will help eliminate road accidents and save lives, today announced they have secured $1.5 million in seed funding to grow their team in Dubai, open a U.S. office in Detroit and further develop their proprietary technology.
The CDC recently reported that an estimated 1.25 million people die from road accidents, around the world, every year. This amounts to an average of 3,400 deaths every day, due in large part to accidents that can be prevented. An MIT-spinoff company and recent graduate of the Techstars Mobility program in Detroit, Derq is out to change this.
The company recently signed a Memorandum of Understanding with Smart Dubai Office, Roads and Transport Authority and Dubai Silicon Oasis Authority to implement Derq’s technology in Dubai’s Silicon Oasis’s roads and other areas including tram crossings. The MoU outlines a set of concise objectives, including demonstrating the feasibility and benefits of connected vehicle technologies for road safety on conventional and autonomous vehicles in Dubai, implementing and developing innovative AI solutions for collision prediction and prevention in the emirate, mining and analysing Big Data for road safety applications and other smart mobility solutions, and working together to improve and share knowledge and understanding in all four participating entities.
“Dubai is at the forefront of adopting innovative technologies that focus on improving road safety and autonomous vehicle deployments. We’re honored to be working with Smart Dubai Office, Roads and Transport Authority and Dubai Silicon Oasis Authority to implement Derq’s road safety technology in Dubai’s Silicon Oasis and other areas of Dubai,” said Dr. Georges Aoude, CEO for Derq. “While headquartered in Dubai, we recently graduated from Techstars Mobility in Detroit, and felt it was important to open an office in Detroit - the epicenter of mobility innovation in the U.S. Our recent seed round will help Derq establish a team in Detroit, grow our team in Dubai and continue developing our technology.”
Derq was co-founded by Dr. Georges Aoude (CEO), Dr. Amer Abufadel (CTO) and Karl Jeanbart, P.Eng. (COO) in 2016. To learn more about Derq, visit: www.derq.com.
About Derq
Derq is on a mission to eliminate road accidents and save lives by using artificial intelligence and V2X technology. Through its proprietary technology Derq can predict and prevent car accidents for both conventional and autonomous vehicles leveraging smart cities and connected vehicles ecosystem. An MIT-spinoff company and Techstars Mobility graduate, Derq was founded in 2016. The company is headquartered in Dubai with offices in Detroit. To learn more, visit: www.derq.com.
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.
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.
SDO Signs MoU with DSOA, RTA and Derq to Use Cutting-Edge Artificial Intelligence in Traffic Accident Prevention
Derq signed a Memorandum of Understanding with Smart Dubai Office, Roads and Transport Authority and Dubai Silicon Oasis Authority to implement its technology in Dubai. “We are proud to have the support of SDO, RTA, and DSOA to bring our solutions to Dubai’s roads.”
Derq signed a Memorandum of Understanding with Smart Dubai Office, Roads and Transport Authority and Dubai Silicon Oasis Authority to implement its technology in Dubai. “We are proud to have the support of SDO, RTA, and DSOA to bring our solutions to Dubai’s roads.”
Not-so-accidental life-saving solution
If only road accidents could be averted it could help save so many lives and that is precisely the aim of Dubai-based Derq.
If only road accidents could be averted it could help save so many lives and that is precisely the aim of Dubai-based Derq. The startup through its patented solution, DerqPrevent, helps predict 9 in 10 accidents prior to collision and warn drivers and vehicles with enough notice to pre-empt an accident at any time, independent of vehicle model, autonomy and surroundings making roads safer for drivers, passengers and vehicles.
THE NATIONAL - UAE
In an article titled, "Dubai start-up aims to cut UAE road accidents", Derq was featured on the home page of The National, a leading news source in the UAE. The National highlighted the recent achievement of Derq and discussed the technology, the team, and the vision.
In an article titled, "Dubai start-up aims to cut UAE road accidents", Derq was featured on the home page of The National, a leading news source in the UAE. The National highlighted the recent achievement of Derq and discussed the technology, the team, and the vision.
TECHSTARS MOBILITY
We have been accepted to Techstars Mobility and are thrilled to be working closely with leaders in the automotive industry and the best the start up ecosystem has to offer. Derq is proud to be part of the cohort!
We have been accepted to Techstars Mobility and are thrilled to be working closely with leaders in the automotive industry and the best the start up ecosystem has to offer. Derq is proud to be part of the cohort!
ITECH SHOW - AL HURRA
Our CEO Dr. Georges Aoude featured on ITech Show - Alhurra discussing his journey from MIT to Dubai where he founded Derq. Thank you Toufic Gebran for hosting us on your show!
Our CEO Dr. Georges Aoude featured on ITech Show - Alhurra discussing his journey from MIT to Dubai where he founded Derq. Thank you Toufic Gebran for hosting us on your show!
11TH INTERNATIONAL SYMPOSIUM FOR BEST POLICE PRACTICES
The media office of the Government of Dubai covering the 11th Dubai Police Symposium, with a section summarizing the presentation of our CEO Dr. Georges Aoude on their innovation panel (in Arabic)
The media office of the Government of Dubai covering the 11th Dubai Police Symposium, with a section summarizing the presentation of our CEO Dr. Georges Aoude on their innovation panel (in Arabic)