Wednesday 21 February 2024

American AI firm sets up base in Ras Al Khaimah

RAS AL KHAIMAH, August 1, 2022

Falcons.AI, an American company which provides software programmes and consultation services driven by artificial intelligence (AI), has set up a base in Ras Al Khaimah Economic Zone (RAKEZ), a leading industrial hub in the UAE.
With business-to-business and business-to-government products in its portfolio, Falcons.AI aims to leverage artificial intelligence for creating solutions to technological issues faced by businesses as well as end-users, said a statement.
Falcons.AI’s notable applications include PreciseAG, which provides insights on poultry health, and DocNovus, which allows users to interact with their business documents and get relevant responses, as if they were speaking to an expert.
“We aim to improve the speed, precision and effectiveness of machines and human efforts to create entirely new capabilities. Our projects help global companies reimagine the possibilities to enhance their existing processes and add new abilities through innovation with artificial intelligence,” said Michael J Stattelman, founder of Falcons.AI.
“We are excited to welcome Falcons.AI to the RAKEZ business community. There is a great potential for agile solutions offered by artificial intelligence and virtual reality companies in the UAE. Our government recognises technological innovation as a cornerstone of social and economic development, and therefore, encourages such progressive ventures. Therefore, RAKEZ provides opportunities for tech-based startups and SMEs to collaborate and grow in a nurturing ecosystem,” said Ramy Jallad, Group CEO of RAKEZ. 
Falcons.AI’s setup in UAE is a part of its global expansions plans. Currently, they intend to test their latest technologies in the region. Among these products, is an emotion detection application which is being developed in collaboration with AI companies in France and Egypt.
Last year, Falcons.AI moved its founding and executing team from the US to Ras Al Khaimah to study the feasibility of their products in the UAE market. Because of the support and numerous incentives they had received from RAKEZ, the firm decided to set up base in RAKEZ. Falcon.AI intends to continue to pilot their products in the region, including a developing emotion detection application, said the statement. - TradeArabia News Service


More IT & Telecommunications Stories

calendarCalendar of Events