NOV 04, 2022 —NEXT50, the joint venture between G42 and ADQ, is a leader in the UAE of Industrial AI and at the forefront of Abu Dhabi’s ambitious technology vision, deploying AI to industry verticals including transportation, mobility, utilities, healthcare, and logistics.
Through the partnership the two companies will combine Irisity’s high precision algorithms with NEXT50’s deep industrial engineering expertise, delivering a market leading solution.
“This agreement is a testament to our commitment at NEXT50 to offer our clients’ the best solutions and technologies from around the world. Both public and private organizations will benefit immensely from this partnership, as effectively, what is being offered is sectoral agnostic. Irisity is a global leader in advanced AI solutions, which is why this agreement falls within our strategy to bring the world’s best AI technology to the region” says NEXT50 CEO, Al Manaee.
“We are proud to be teaming up with one of the UAE’s leading AI integrators. We look forward for this relationship, and to bring our advanced tech and solutions, in an integrated powerful offering, to this very expansive region.” says Irisity CEO, Marcus Bäcklund.
The UAE is at the forefront of digitization and implementation of AI-based security solutions in the Middle East region.
For further information:
Marc Sanders, Irisity Director Middle East
Irisity AB (publ) is a world-leader in AI-powered video analytics solutions for enhanced safety and security. As of October 13, 2021, Agent Vi is part of Irisity. Founded in 2006, Irisity has offices in Sweden (HQ), Israel, North and South America, UAE, Denmark, Japan and Singapore. The combined company is serving a network of integrators, distributors, and technology partners globally.
The Irisity AB (publ) share is listed on Nasdaq First North Growth Market, with the ticker IRIS, Certified Adviser: Erik Penser Bank AB +46 8 463 83 00 email@example.com