US-based artificial intelligence service provider Falcons.AI has set up operations in Ras Al Khaimah Economic Zone (RAKEZ).
The UAE entry of the US venture is part of its global expansion plans.
Falcons.AI provides software programmes and consultation services driven by artificial intelligence (AI).
With pre-existing 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.
Falcon.AI’s move to set up regional operations in RAK followed a high-level team from the US venture moving to the emirate last year to study the feasibility of their products in the UAE market.
“We felt that the team at RAKEZ valued what we do and wanted to help us succeed. They made the journey of setting up our enterprise quite convenient with their streamlined processes,” Michael J. Stattelman, founder of Falcons.AI, said.
He said RAKEZ also helped the venture to connect with other companies in the emirate’s economic zone, opening up avenues for collaboration.
“Such support means a lot for a foreign startup like ours,” Stattelman said.
The US venture intends to test its latest technologies in the region in its initial phase of operations.
Among these products, is an emotion detection application which is being developed in collaboration with AI companies in France and Egypt.
Falcons.AI’s applications also 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,” Stattelman said
Ramy Jallad, Group CEO of RAKEZ said there was 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,” Jallad added.
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