News

World’s Most Advanced Robot Joins Museum Of The Future

The robot, named Ameca, will help guide and interact with museum visitors.

Published

2 years ago

October 12, 2022

world's most advanced robot joins museum of the future

An AI-powered humanoid robot named Ameca has just joined the team of human employees at the Museum of the Future in Dubai. The advanced robot won’t simply issue clunky voice greetings, but will use advanced AI systems to interact with museum visitors.

Engineering Arts are responsible for the eerily humanlike employee, and they claim it’s the most advanced of its type in the entire world. The robot, named Ameca, is able to make different facial expressions, as well as answer questions and greet guests at the Tomorrow Today exhibition in Dubai’s Museum of the Future.

“Human-like artificial intelligence needs a human-like artificial body. Smooth, lifelike motion and advanced facial expression capabilities mean Ameca can strike an instant rapport with anybody. Ameca is the perfect platform to develop interaction between us humans and any metaverse or digital realm,” posts Engineered Arts on its website.

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The Tomorrow Today exhibition is one of several experiences at the museum designed to explore how technology can shape and advance humanity’s future for the better. The exhibition focuses on solving environmental challenges, using more than 50 exhibits across five distinct themes of waste management, environment, food, security, agriculture, and city planning.

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”.

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.