A RAFAEL & G42 Joint Venture
Powered by the best minds to advance AI and big data technologies to make our world better
A RAFAEL & G42 Joint Venture
Powered by the best minds to advance AI and big data technologies to make our world better
A moment to remember - 18 April 2021
Rafael Advanced Defense Systems Ltd. of Israel, and Group 42 (G42), a leading technology company based in Abu Dhabi, signed an agreement to form a new Joint Venture (JV) that will commercialise Artificial Intelligence (AI) and Big Data technologies and solutions for multiple sectors.
In bringing together two of the most active and successful players in the fields of AI and Big Data, the new JV, called Presight.AI, will combine the companies’ knowledge, personnel, technology, and resources to conceptualize, develop, and deploy best-in-class solutions in various programs in the region and globally.
The signing event, held in Herzliya, Israel, was attended by UAE's Ambassador to Israel, H.E. Mohammad Mahmoud Al Khaja, G42’s Group CEO Mr. Peng Xiao, Rafael's President and CEO, Mr. Yoav Har-Even, CEO of G42 Israel, Mr. Maoz Ben Ari, Sean Teo, CEO of Presight.AI, and other dignitaries.
Presight.AI will establish a R&D center in Israel, tapping into the local talent to spearhead the advancement of AI and Big Data technologies and their application across multiple sectors such as, banking, healthcare, public safety and others.
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