Derq goals to make vehicles smarter and just lately raised $1.5 million in seed funding from Techstars Mobility Accelerator. Along with rising its workforce and opening an workplace in Detroit, the corporate plans on utilizing the money to advance its tech that goals to scale back car accidents by bettering how vehicles and infrastructure discuss to one another.
The corporate sees its product integrating into present and future car to car (V2V) and car to infrastructure (V2I) communication. Derq has developed and patented an software layer that sits between these communication layers and goals to foretell incidents corresponding to crashes after which notifies close by drivers — one thing that may acquire much more relevance as extra autonomous automobiles hit the street.
The venture was spun out of MIT the place the founder and CEO Georges Aoude earned a Ph.D in aerospace engineering in 2011. The corporate is predicated in Dubai and plans to quickly open its first workplace within the US in downtown Detroit and search partnerships with auto makers.
Earlier this month, Derq signed an settlement with Dubai-based businesses to trial its know-how. The corporate says this Memorandum of Understanding goals to display the feasibility and advantages of linked car know-how with regard to street security.
“Dubai is at the forefront of adopting innovative technologies that focus on improving road safety and autonomous vehicle deployments. We’re honored to be working with Smart Dubai Office, Roads and Transport Authority and Dubai Oasis Authority to implement Derq’s road safety technology in Dubai’s Silicon Oasis,” stated Dr. Georges Aoude, CEO for Derq in a weblog publish. “While headquartered in Dubai, we recently graduated from Techstars Mobility in Detroit, and felt it was important to open an office in Detroit – the epicenter of mobility innovation in the U.S. Our recent seed round will help Derq establish a team here, grow our team in Dubai and continue improving our technology.”
The car communication sector is rapidly gaining new entrants as extra corporations attempt to turn out to be a key half of what’s positive to be an essential communication layer. Derq sits at an fascinating vantage level by serving each V2V and V2I although they’re going to should promote their imaginative and prescient to auto makers, auto suppliers and authorities regulators, which might show a harder problem than constructing the product.