| LocAI Ltd. | |
| Type: | Private |
| Industry: | Artificial Intelligence and Technology Services |
| Founded: | June 2023 |
| Founder: | Mohammad Abu Sheikh and Hasan Abu Sheikh |
| Hq Location: | Abu Dhabi, United Arab Emirates |
| Key People: | Mohammad Abu Sheikh (founder, CEO), Hasan Abu Sheikh (co-founder, VP of Products) |
| Products: | Razi Specter Sinan Mira Iqraa Mofkrah |
| Website: | https://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.
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),[6] Specter[7] (developed for the legal industry), Sinan[8] (designed for the construction industry),[9] Mira[10] (focuses on customer experience, utilizes AI to optimize voice and chat interactions),[11] Iqraa[12] (aimed at the education sector), and Mofkrah[13] (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 are customized to reflect regional nuances, languages, and regulations, ensuring relevance and compliance across diverse markets.[14]