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Duncan Johnson-Watt

CEO & Co-Founder
Currently focused on launching Paravela, a startup based here in Riyadh to take advantage of the tremendous opportunities in the Kingdom and contribute to Vision 2030. Paravela is an enterprise data management company that enables the secure sharing of critical information about the state of any asset across multiple parties.

While this is broadly applicable, we are using our technology to tackle asset management challenges in the construction, real estate and infrastructure sectors in the first instance. For example, ensuring that insurance companies can access real-time information on the assets they are insuring such as construction equipment. In this scenario, everyone benefits since this eliminates fraud as well as payout disputes if there is an issue.