Makkah-based traffic monitoring and analysis startup Hazen.ai has raised seed funding from Saudi Aramco’s VC arm Wa’ed, Wa’ed said in a statement to MENAbytes. The exact size of investment was not disclosed but we have been told that it’s a seven-figure USD deal.
Formally started in 2018 by Dr. Anas Basalamah, Dr. Saleh Basalamah, Muhammad Amin and Dr. Sohaib Khan, Hazen.ai is building traffic analytics and enforcement solutions based on deep learning and computer vision technologies. The startup uses regular CCTV cameras for traffic analysis instead of RADAR and LiDAR-based deployments that are relatively more expensive.
Read more at MenaBytes: https://www.menabytes.com/hazen-seed/