News

Robot UAVs Set To Revolutionize Abu Dhabi Maritime Patrols

In a few weeks, robotics experts will compete to create the best autonomous drone to detect criminals along Abu Dhabi’s coastline.

Published

6 months ago

January 22, 2024

Nour Nasir

robot uavs set to revolutionize abu dhabi maritime patrols

MBZIRC

This year, the Mohammed bin Zayed International Robotics Challenge (MBZIRC) Maritime Grand Challenge will pit five elite teams of robotics specialists against one another in the ultimate showdown.

Handpicked from a pool of 52 contenders, the scientists will gather on Yas Island, Abu Dhabi, to solve real-world maritime issues, encompassing problems like illicit fishing, smuggling, and human trafficking, all through the deployment of autonomous drones. Launched in 2017 by Khalifa University, the competition is jointly hosted by ASPIRE and Abu Dhabi’s Advanced Technology Research Council (ATRC).

The scientists’ missions will include tasks such as autonomous target inspection and identification aboard vessels without relying on GPS, object retrieval via drones, and seamless collaboration between UAVs and robotic manipulators.

Professor Lakmal Seneviratne, Director of the Centre for Autonomous Robotic Systems (KUCARS) at Khalifa University, remarked, “We can train our robots and AI to do many things in a very controlled environment,” adding, “For example, factory automation has been around since the 1980s in highly controlled environments. But when you go out into the real world, the uncertainty is huge. So the adaptability and algorithms of our robots are the key aspects to look at in this challenge”.

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Dr. Irfan Hussain, team leader of Fly Eagle, one of the finalists, explained that adaptability will be crucial to win the contest. “They have only a few days to adapt to the environment here, and many parameters are still unknown until the day of the challenge,” says Dr. Hussain. “So their algorithms and their approach need to be robust enough to complete the task regardless of the conditions”.

The unpredictability of the scenarios mirror real-world conditions at sea, where turbulent weather could hamper the missions of autonomous drones tasked with detecting illicit vessels, and GPS signals might also falter in such circumstances.

Come the first week of February, the five finalists will vie for a coveted first-place prize of $2 million to bring their groundbreaking innovations to production.

News

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”.

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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.