News

Dubai Community Launches AI-Powered Pedestrian Crossings

The new safety system can activate flashing signs, lights built into the road surface, and traffic signal controllers.

Published

12 months ago

August 2, 2023

dubai community launches ai-powered pedestrian crossings

A new AI-powered pedestrian crossing has been developed by Dubai-based specialists Derq. The new system will be installed in a local neighborhood as a smarter method to warn pedestrians and vehicles of potential conflicts.

The AI-based crossing will use behavior prediction models to anticipate potentially harmful scenarios and then deploy flashing signs, in-road warning lights, and traffic signal controllers to alert anyone in the vicinity of danger.

The system will also collect data to enhance road user awareness and the effectiveness of authorities’ responsiveness to safety problems and traffic performance. The technology has taken two years of rigorous testing to bring to fruition.

The crossing is equipped with ultra-high speed 5G connectivity, enabling data collection of safety events and traffic while allowing for remote operation, maintenance, and re-configuration. In the future, the system will leverage 5G technologies to communicate safety information and alerts to connected vehicles approaching the crosswalk.

Also Read: Abu Dhabi-Backed Tech Sculpture To Be Installed In Houston

Muammar Al Katheeri, chief officer for engineering and sustainability at Dubai Integrated Economic Zones Authority (DIEZ), explained: “This system serves as a cornerstone in cementing DSO’s position as a technologically advanced zone, offering residents and business partners a seamless and intelligent living and working experience. Through our longstanding partnership with Derq, we will continue to make remarkable progress in ensuring pedestrian safety and advancing Dubai’s smart city agenda”.

According to Dr. Georges Aoude, co-founder and CEO of Derq, the new AI-powered pedestrian crossing system aligns with Dubai’s vision to establish itself as a bicycle and pedestrian-friendly city with a range of eco-friendly transportation options.

Related Topics:Artificial Intelligence Dubai

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Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

Published

1 day ago

July 25, 2024

Nour Nasir

Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.