UAE-based artificial intelligence company Presight has acquired a stake in South Korean AI platform developer Dtonic through an early funding round. The investment expands a technology partnership that began in July, when Dtonic joined the second cohort of Presight’s global AI accelerator.
The companies signed a strategic partnership in September after a technical evaluation, with plans to explore smart-city and “smart state” projects. Presight later confirmed the equity investment during its third-quarter earnings call. The value and terms were not disclosed.
Dtonic develops D.Hub, a platform that combines large-scale data with operational knowledge to support analytics, execution and AI-assisted decision-making. Its technology is used in smart-city, public-sector and industrial applications.
According to the announcement, Presight plans to integrate Dtonic’s platform into its national and urban AI projects while helping the South Korean company expand internationally through its network and projects across Central Asia, Europe and Africa. The two companies will also pursue new opportunities in global markets.
The deal highlights how Presight’s accelerator is developing into a route to both commercial partnerships and direct investment in AI companies.
Source: Jawlah
