Derq Secures Strategic Investment to Expand Intelligent Transportation Solutions Globally
Derq, a company specializing in AI-powered intelligent transportation systems, has successfully secured strategic investments from UAE-based e& Capital and US-based AT&T Ventures. Although the investment value remains undisclosed, it represents a significant boost to the company’s vision for expansion and product development.
Derq plans to utilize this funding to strengthen its presence in key markets like the United States and the Gulf region, accelerate product development, and expand its intellectual property portfolio. The company is focused on enhancing its offerings to deliver comprehensive safety solutions and advanced traffic control capabilities, with an emphasis on connected vehicle applications that integrate AI and IoT technologies with advanced infrastructure.
Founded in 2016 by Dr. Georges Aoude, Derq aims to improve road safety by providing precise insights into traffic performance and offering solutions that leverage AI and IoT technologies.
Commenting on this milestone, Dr. Georges Aoude, Co-founder and CEO of Derq, said: “We are proud to have the support of e& and AT&T, two of the world’s leading telecommunications and technology companies. This investment not only strengthens our journey but also enables us to expand our operations and offer next-generation smart transportation solutions to customers worldwide.”
