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Derq

Derq

Active

AI V2X safety platform for smart intersections

Dubai, UAEFounded 201611 employees
AI & Machine Learning

Derq is an AI-powered intelligent transportation startup that uses V2X technology and computer vision to make intersections safer.

Founders

Georges Aoude

Co-Founder & CEO

Karl Jeanbart

Co-Founder & COO

Amer Abufadel

Co-Founder, Founding CTO & Senior Advisor

Funding Rounds

UndisclosedOct 2024

Investors: e& capital, AT&T Ventures

Labelled "strategic" by the source. Amount undisclosed. Investing entity is Derq, Inc. (US parent, Detroit); Pillsbury advised AT&T Ventures, Gunderson Dettmer advised Derq. Also: https://www.zawya.com/en/press-release/companies-news/derq-secures-strategic-investments-from-e-and-capital-and-at-and-t-ventures-w088x0le https://www.pillsburylaw.com/en/news-and-insights/att-ventures-strategic-investment-derq-inc.html https://www.govtech.com/biz/traffic-safety-tech-firm-derq-lands-strategic-investments Confidence: confirmed (round 13, Derq).

SeedMay 2021
$500K

Investors: Wadi Makkah Ventures

Labelled 'Pre-Series A' by the company. $500K is Wadi Makkah Ventures' ticket, closed December 2020; the round also included 'several other leading global tech investors' (unnamed) and the full round size was not disclosed. Announcement date is Wamda's publication date; the Derq press page went up 2021-05-16. Also: https://www.wamda.com/2021/05/derq-raises-500000-wadi-makkah-ventures https://magnitt.com/news/derq-500k-pre-series-a-52661 Confidence: confirmed (round 13, Derq).

SeedOct 2017
$1.5M

Investors: Techstars, angel investors, family offices

Raised after graduating Techstars Mobility (Detroit); Techstars' accelerator investment is part of this round, not a separate one. MENAbytes ran the story on 2017-10-21. Also: https://www.menabytes.com/derq-1-5-million/ https://www.forbesmiddleeast.com/leadership/entrepreneurship/dubai-startup-derq-secures-1-5-million-seed-round Confidence: confirmed (round 13, TechCrunch).

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