The Dubai-based company ‘Micropolis Robotics’ is seeking a $37 million fund from the New York Stock to achieve its goal of tripling its workforce and producing more than 350 robots a year, with a production rate of one robot per day. This expansion is in response to the huge demand from corporations and governments.
Currently, Micropolis produces two autonomous robots, a golf-car-sized M1 and an M2, that make use of advanced AI models. The two robots were adopted by Dubai police a few years ago to assist in surveying areas, functioning similarly to a standard police car.
Additionally, the two robots, in general, have the ability to help in pipe surveillance and collect or sort garbage. A security method akin to the one adopted by the Dubai police is also expected to be developed for Saudi Arabia’s futuristic city, NEOM.
Next April will see the launch of a small version of the Micropolis robot that shall be trained for six months until it comes officially in use. The current $37 million from the New York Stock listing won’t be the first cash Micropolis gets. Since 2018, the company has raised over $8 million from different investors.
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