Industry, Logistics & Shipping

Rizek signs cloud-computing deal with Alibaba unit

Leading tech start-up Rizek has signed an agreement with Alibaba Cloud, a subsidiary of the Chinese technology giant, to help develop innovative solutions that will significantly enhance its data analysis and user experience capabilities.

With this deal, Rizek has become one of the first tech start-ups to collaborate with Alibaba Cloud. It had recently secured $1.5 million in seed funding.

As per the agreement, Alibaba Cloud will help Rizek develop innovative solutions that will significantly enhance its data analysis and user experience capabilities.

Layan Barghouthi, chief experience officer of Rizek, said: “Alibaba Cloud has the third-largest share of the global cloud computing market and the collaboration provides us with an ideal opportunity to use analytics powered by big data and AI technologies to better understand our customers and provide them with more tailored services.”

CEO Liu Zhaopi said: “This is the first partnership of its kind with Alibaba Cloud in the region. We are honoured and proud to be partnering with a cutting-edge platform that is aiming to improve people’s lives.”

Ahmad Ghalep Abdelhalim, chief technology officer of Rizek, said: “A partnership with Alibaba Cloud will provide our company with the required platform and technical expertise to enrich the user experience by implementing world-class solutions to their required services, allowing us a competitive advantage.” – TradeArabia News Service