e& capital backs US intelligent transportation system provider

e& capital invests in US ITS provider: US AI-powered intelligent transportation system (ITS) provider Derq secured “strategic investments” from e&’s venture capital arm, e& capital, and AT&T Ventures, according to a press release. The size of the commitments was not disclosed.

Where the money is going: The ITS provider will use the funds to expand its footprint in the US, GCC, and other markets, according to the statement. The funding will also be used to fast-track product development and boost the platform’s intellectual property portfolio.

More on Derq: Derq — an MIT spinoff — operates a platform using AI and IoT to provide road safety insights, traffic control capabilities, and advanced connected vehicle applications for road operators. The platform has over 25 active deployments across 16 US states and several international projects.