Saudi traffic monitoring startup gets funding boost

Saudi traffic monitoring startup gets funding boost

Hazen.ai uses artificial intelligence (AI) technology to improve road safety, by providing cutting-edge detection solutions for traffic enforcement. The startup is aiming to use the latest funding to bid for new business around the world."This second round of financing from Wa'ed will enable Hazen.ai to bring its life-saving technology to more regions around the world,“ Sohaib Khan, chief executive officer and co-founder of Hazen.ai said."We are thrilled to support game-changing Saudi startups such as Hazen.ai, whose innovative technology can help save lives around the planet.“The Makkah-based company won the intelligent traffic systems category of the 2020 IRF Global Road Achievement Awards for utilizing AI solutions to address traffic management challenges.Hazen.ai's video-analysis software goes beyond conventional traffic-monitoring speed cameras to identify, for example, drivers who make sudden lane changes, are driving without a seatbelt, or while operating a smartphone.The company's software is being used to improve the effectiveness of traffic systems in the UK, the US, Oman, Egypt, Spain, and Peru, and the firm is also bidding on projects in Argentina, Saudi Arabia, Nigeria, and Egypt.Hazen.ai was established in Makkah in 2017 by Saudi-based entrepreneurs Khan, Dr. Saleh Basalamah, Dr. Anas Basalamah, and Muhammad Amin.With reportedly more than 1.35 million people