LocAI

LocAI Ltd.
Company typePrivate
IndustryArtificial Intelligence and Technology Services
FoundedJune 2023
FounderMohammad Abu Sheikh and Hasan Abu Sheikh
HeadquartersAbu Dhabi, United Arab Emirates
Key people
Mohammad Abu Sheikh (founder, CEO), Hasan Abu Sheikh (co-founder, VP of Products)
ProductsRazi | Specter | Sinan | Mira | Iqraa | Mofkrah
Websitehttps://www.locai.ai/

LocAI Ltd. is an AI and technology services company specializing in artificial intelligence, founded in Abu Dhabi, UAE. The company was established in June 2023 by Mohammad Abu Sheikh and Hasan Abu Sheikh.[1][2]

In November 2023, LocAI completed an initial round of investment, raising US$150 million.

Overview

LocAI focuses on creating artificial intelligence technologies for specific regional challenges faced by businesses in the UAE and GCC region. The company is headquartered in Abu Dhabi, UAE. As of August 2024, LocAI employs approximately 150 people. Mohammad Abu Sheikh is founder and CEO and Hasan Abu Sheikh is co-founder and VP of Products.[1][3][4]

LocAI offers several AI-powered products for various industries, including Razi[5] (a platform that serves the healthcare sector), Specter[6] (developed for the legal industry), Sinan[7] (designed for the construction industry),[8] Mira[9] (focuses on customer experience, utilizes AI to optimize voice and chat interactions),[10] Iqraa[11] (aimed at the education sector), and Mofkrah[12] (focuses on meeting management, offering features such as automated transcripts and summaries for virtual meetings).

A central tenet of LocAI’s approach to AI is something they term, "hyper-localization" whereby AI solutions[13] are customized to reflect regional nuances, languages, and regulations, ensuring relevance and compliance across diverse markets.[14]

References

  1. ^ a b Sheikh/Viewpoint, Mohammad Abu. "AI Set for Unprecedented Growth". Khaleej Times. Retrieved 2024-08-29.
  2. ^ "Smpl Holdings launches $10 million fund to boost tech and AI startups across MENA". gulfnews.com. 2024-06-25. Retrieved 2024-08-29.
  3. ^ "Yapay Zeka Benzeri Görülmemiş Bir Büyüme için Hazırlandı - Dubai Haber" (in Turkish). 2024-06-27. Retrieved 2024-08-29.
  4. ^ "CNTXT leverages AWS cloud to empower Abu Dhabi government, UAE start-ups at GITEX Global 2024". wam.ae. 16 October 2024.
  5. ^ "Razi". razi.ai. Retrieved 2024-09-12.
  6. ^ "Specter".
  7. ^ "AI in Construction Sector".
  8. ^ التلاوي, منة. "المعماري العثماني "سنان".. قصة الرجل الذي صنع لتركيا تصميم مساجدها الفريد". الجزيرة نت (in Arabic). Retrieved 2024-08-29.
  9. ^ "Mira - AI Voice Agent". www.getmira.ai. Retrieved 2024-09-12.
  10. ^ sysadmin (2024-03-07). "ميرا موراتي: سيدة الذكاء الاصطناعي ورائدة الأعمال". بوابة الذكاء الاصطناعي (in Arabic). Retrieved 2024-08-29.
  11. ^ "IQRA'A". www.iqraa.ai. Retrieved 2024-09-12.
  12. ^ "MOFKRAH - Automate your meeting Notes". www.mofkrah.ai. Retrieved 2024-09-12.
  13. ^ "AI Solutions".
  14. ^ "LocAI Tech Careers in Dubai & Saudi Arabia". zerotaxjobs.com. Retrieved 2024-10-07.