Derq has secured a $500,000 investment from the Waadi Makkah Investment Fund as part of its pre-Series A funding round, aimed at enhancing product development and expanding market reach.

Information on the Target

Derq is a technology company specializing in artificial intelligence and road monitoring systems. The company focuses on enhancing pedestrian safety through innovative detection and alert systems, which utilize advanced AI technologies to improve transportation safety. With a commitment to reducing road accidents and improving traffic management, Derq aims to contribute to safer urban environments.

Founded with the vision of leveraging technology to solve pressing societal issues, Derq has positioned itself as a leader in smart mobility solutions within its region. The recent funding will enable the company to further develop its products and expand its market reach.

Industry Overview in the Target’s Specific Country

The artificial intelligence and smart mobility sectors are rapidly evolving in the region, reflecting a growing acknowledgment of their importance in enhancing urban in