{"id":97350,"date":"2024-10-30T00:00:00","date_gmt":"2024-10-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/e-capital-backs-us-intelligent-transportation-system-provider\/"},"modified":"2024-10-30T00:00:00","modified_gmt":"2024-10-30T00:00:00","slug":"e-capital-backs-us-intelligent-transportation-system-provider","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/10\/30\/e-capital-backs-us-intelligent-transportation-system-provider\/","title":{"rendered":"e& capital backs US intelligent transportation system provider"},"content":{"rendered":"

e& capital invests in US ITS provider:<\/strong> US AI-powered intelligent transportation system (ITS) provider Derq<\/a> secured \u201cstrategic investments\u201d from e&\u2019s venture capital arm, e& capital, and AT&T Ventures, according to a press release<\/a>. The size of the commitments was not disclosed.<\/p>\n

Where the money is going: <\/strong>The ITS provider will use the funds to expand its footprint in the US, GCC, and other markets, according to the statement. The funding will also be used to fast-track product development and boost the platform\u2019s intellectual property portfolio.<\/p>\n

More on Derq:<\/strong> Derq \u2014 an MIT spinoff \u2014 operates a platform using AI and IoT to provide road safety insights, traffic control capabilities, and advanced connected vehicle applications for road operators. The platform has over 25 active deployments across 16 US states and several international projects. <\/p>\n","protected":false},"excerpt":{"rendered":"

Derq will use the funds to develop its technology and expand its global footprint, including in the GCC<\/p>\n","protected":false},"author":1,"featured_media":97351,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1557],"tags":[610,84,7,25,1367],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-97350","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-artificial-intelligence","tag-e","tag-enterpriseam-uae","tag-investment-watch","tag-transport","wpautop","entry"],"acf":{"mongo_id":"57dd0a81-0e23-4d90-a456-e659ddcc7c63","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/2661.jpg","photo_position":"above","homepage_title":"","full_issue_title":"e& capital backs US intelligent transportation system provider","related_issue":[97332],"teaser":"Derq will use the funds to develop its technology and expand its global footprint, including in the GCC","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.4e89f2c3-20ae-4904-aaf6-c56fd6d58ed6.mp3"},"yoast_head":"\ne& capital backs US intelligent transportation system provider - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/30\/e-capital-backs-us-intelligent-transportation-system-provider\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"e& capital backs US intelligent transportation system provider\" \/>\n<meta property=\"og:description\" content=\"Derq will use the funds to develop its technology and expand its global footprint, including in the GCC\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/30\/e-capital-backs-us-intelligent-transportation-system-provider\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-30T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2661.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/10\/30\/e-capital-backs-us-intelligent-transportation-system-provider\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/10\/30\/e-capital-backs-us-intelligent-transportation-system-provider\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"e& capital backs US intelligent transportation system provider\",\"datePublished\":\"2024-10-30T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/10\/30\/e-capital-backs-us-intelligent-transportation-system-provider\/\"},\"wordCount\":139,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/10\/30\/e-capital-backs-us-intelligent-transportation-system-provider\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2661.jpg?fit=%2C&ssl=1\",\"keywords\":[\"artificial intelligence\",\"e&\",\"EnterpriseAM UAE\",\"INVESTMENT WATCH\",\"transport\"],\"articleSection\":[\"INVESTMENT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/10\/30\/e-capital-backs-us-intelligent-transportation-system-provider\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/10\/30\/e-capital-backs-us-intelligent-transportation-system-provider\/\",\"name\":\"e& capital backs US intelligent transportation system provider - 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