UNICEF Innovation Fund Announces Investment in RedCrow
RAMALLAH, PALESTINE (January 18, 2018) – The UNICEF Investment Fund, a newly-established fund to finance emerging technology, announced an investment in RedCrow, a Palestinian tech startup, to help it develop its Arabic natural language processing capabilities.
RedCrow provides risk-mitigation solutions to organizations and individuals operating in volatile political environments; through an online platform, mobile application, and other customized services. RedCrow provides its users with real-time security intelligence that enables them to avoid potential threats on both tactical and strategic levels. They are currently operating in Palestine, Egypt, and Jordan — and will be expanding further in the MENA region during 2018.
Such research and analysis is typically done by teams of people scouring social and mass media, determining credibility, and manually sending it to their users. The system RedCrow has developed is fully automated and does not rely on human intervention. This means that the system itself constantly collects information from social and mass media, analyzes it, and sends it to our users as alerts, charts, and predictions. This cycle takes less than two minutes from the minute data is collected until it is delivered, saving time, money, and decreasing the margin of error.
With this investment, RedCrow will develop and integrate Arabic Natural Language Processing to their platform. Additionally, they will build features that can classify data into different categories, i.e. security, politics and crime. These developments will also include identifying different Arabic dialects and the regions they belong to – enabling RedCrow to efficiently accelerate the current system and enter new markets in the Middle East and North Africa region, and work in new sectors.
“UNICEF’s investment will help us perfect our Arabic Natural Language Processing technology, making RedCrow one of the few companies focusing on such technology. By mastering this technology, RedCrow can work in any sector, not only security, and throughout the MENA region,” said Hussein Nassereddin, RedCrow’s Chief Executive Officer.