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Verloop.io secures $5m in funding; Dubai plans drone air corridors

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Good morning! Here’s your weekly roundup of Middle East AI News! Our top story is the investment by A
 

Middle East AI News

August 27 · Issue #30 · View online
Middle East AI News is a weekly news digest covering artificial intelligence news from across the region.

Good morning!
Here’s your weekly roundup of Middle East AI News!
Our top story is the investment by Abu Dhabi’s Alpha Wave Incubation (AWI) fund in the Indian CX automation startup Verloop.io. The AI-powered platform secured $5 million in the Series-A round, bringing it’s total funding to $8 million.
This is the first investment announced by AWI, an India-focused fund of $300 million set up by New York fund manager Falcon Edge Capital for ADQ (previously Abu Dhabi Holding Company). Funding is contingent on each startup setting up in Masdar City and this week Gaurav Singh, founder & CEO of Verloop, confirmed that the company is indeed setting up an R&D centre in Abu Dhabi for engineering, machine learning and AI.
In other news, Dubai Air Navigation Services (DANS) will now start planning Dubai’s air corridors for future drone flights together with Dubai Roads and Transport Authority (RTA). Scroll down for these stories and more!
Stay safe and have a great weekend!
/Carrington

Startup News
Automation platform Verloop.io secures $5m in funding from ADQ-backed Alpha Wave Incubation fund Automation platform Verloop.io secures $5m in funding from ADQ-backed Alpha Wave Incubation fund
AI Policy
Smart Dubai’s AI Ethics Advisory Board Convenes for Its 2nd Meeting for 2020
Drone
Dubai plans air corridors for drones
Licensed drones now have insurance coverage in Saudi Arabia
Healthcare
KSA on emerging markets list for digital diagnostics
Education
Huawei launches new edition of ‘Seeds for Future 2020’ program in Kuwait
Research
AI in the Middle East: Here's what you need to know AI in the Middle East: Here's what you need to know
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