Qlue, a smart city ecosystem provider, received an injection of funds from ICMG Co-Creation Funds Investment, which will be used to innovate in the realm of artificial intelligence (AI) and internet of things (IoT).
Founder and CEO of Qlue Rama Raditya, in a statement received by us on Sunday (1/5/2022) said this funding round could be a strong foundation for the company in expanding its business through diversifying smart city solutions.
In addition, this funding is a positive signal that the technologies developed by Qlue have bright business prospects, along with the recovery in global economic conditions.
For Qlue, this funding also opens up a wider innovation space in the AI and IoT fields. According to Rama, this collaboration also has the potential to encourage Qlue's business expansion in the international market thanks to the support of the ICMG Group's business network which is spread globally.
Qlue also targets this investment injection to strengthen business expansion in 6 (six) countries, namely Singapore, Malaysia, the Philippines, Vietnam, Thailand and Japan.
"This funding agreement with ICMG Group is also part of Qlue's commitment to develop solutions in a sustainable manner and be able to deliver innovations that are in line with market needs through AI and IoT technology. We believe this strategy will strengthen the company's performance and maintain business growth until 70% in the coming years," explained Rama.
The added value in this collaboration is that the development and implementation of the technology will be very significant along with the higher level of urbanization.
By 2050, 70% of the world's population is predicted to live in urban areas in order to get economic opportunities and a better life. The composition of the population will make urban areas more dense so that it has the potential to cause a number of issues and challenges related to the phenomenon of urbanization.
Thus, better surveillance technology is needed regarding security and surveillance systems for the community. The solution by Qlue will optimize surveillance cameras such as CCTV and various IoT sensors, thereby increasing the optimization of surveillance systems.
Some of the surveillance features developed by Qlue include detecting and recognizing faces, detecting intruders and other potential security disturbances, detecting and classifying vehicles, and preventing illegal parking.
Qlue's comprehensive surveillance system is also integrated with a dashboard that can visualize and analyze data in the field. In addition, authorized officers will receive notifications directly so as to enable a fast and accurate response to the problem.
According to ICMG Co-Creation Investment Funds CEO Gen Funahashi, the development of a smart city ecosystem carried out by Qlue also has good business potential, the development of a solution ecosystem that is in line with the massive digitalization and use of artificial intelligence by business people.
"We are happy with this partnership because the Qlue business model has good capabilities to provide added value for business actors. ICMG believes Qlue technology can encourage the transition to smart city implementation more broadly and benefit the community," said Funahashi.
