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Startup Funding: May 2021

Startup Funding: May 2021
semiengineering.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from semiengineering.com Daily Mail and Mail on Sunday newspapers.

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Derq Raises $500,000 to Push Road Safety AI in Saudi Arabia

Derq Raises $500,000 to Push Road Safety AI in Saudi Arabia
cairoscene.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cairoscene.com Daily Mail and Mail on Sunday newspapers.

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Derq raises $500,000 from Wadi Makkah Ventures


Derq raises $500,000 from Wadi Makkah Ventures
Derq has raised $500,000 from Wadi Makkah Ventures as part of its pre-Series A round, which included other global investors. The investment was made in December 2020.
Derq, an MIT-spinoff, is a US and Dubai-based artificial intelligence startup for video analytics to help create safer and smarter roadways.
Its patented AI technologies and predictive analytics helps eliminate crashes, save lives, and create safer roads. Its solution is currently deployed in several cities across the US, Europe and UAE.
Derq plans to use the investment to expand to Saudi Arabia with Wadi Makkah as its “go-to-market” partner. ....

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Wadi Makkah invests in Bab Makkah and Tarteel


Wadi Makkah invests in Bab Makkah and Tarteel
Saudi Arabia-based Wadi Makkah Ventures has invested 250,000 SAR ($65,000) in a pre-Series A round for Bab Makkah, as well as SAR 200,000 ($55,000) in a seed round for Tarteel.
Founded in 2019, Bab Makkah is a B2C e-commerce marketplace that sells cultural products made in Mecca and Medina inspired by Islamic culture. It is a graduate of Wadi Makkah’s Business Incubator Programme “Nomow.” The startup also received its seed funding from Wadi Makkah last month.
Tarteel is an assistive technology-based startup that offers an electronic device to help the visually impaired to read the Quran in Braille. ....

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