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Saudi traffic monitoring startup gets funding boost

JEDDAH: Wa’ed, the entrepreneurship arm of Saudi Aramco, on Thursday announced it had boosted its investment in an award-winning startup offering smart traffic-monitoring services.

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.

Wassim Basrawi, managing director of Wa’ed, said: “Companies like Hazen.ai are great ambassadors to…

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