- August 24, 2021
- Posted by: Mainframe Consulting
- Category: Business Wire
MUMBAI, India–(BUSINESS WIRE)–Global engineering and technology company Commtel, through its subsidiary in the UAE, has invested a minority stake in nybl, the Dubai based deep tech company democratizing AI. The two companies have agreed not to disclose the percentage of the stake. nybl has built a framework that allows the codeless development and deployment of machine learning models and AI applications, and its platform is currently in use in various industry sectors in the GCC region and North America. The investment will give Commtel access to nybl’s technologies for custom AI development for its clients in the Oil & Gas, Power, Mining, Transportation, and other critical infrastructure sectors.
Mr. Shriprakash Pandey, CMD, Commtel Networks, explaining the rationale for the investment, said, “Our investment in nybl.ai allows us to leverage on the complementary strengths of deep industry knowledge and experience of Commtel with nybl’s AI expertise to help clients use the vast amounts of under-utilized data and create better value for them. Collaboration between Commtel and nybl will be demonstrated live in action for the first time at GITEX 2021 in Dubai with the launch of CN-SHIELD. As a threat-detection, prediction and resolution system which generates intelligence from the disparate systems and technologies deployed at any critical infrastructure, it will be the most advanced AI-based security management solution.”
nybl aims to democratize AI by enabling anyone to codelessly develop and deploy Machine Learning models and Ai applications. Mr. Noor Alnahhas, CEO & Co-founder, nybl, averred, “Commtel’s investment is a strategic and synergistic partnership, rather than just a monetary investment. By combining Commtel’s industry expertise with our platform, we will be launching AI applications for the critical infrastructure industries to help transform their data into actionable intelligence. We are looking towards ingress into these sectors through the deep domain experience of Commtel that will bring a ‘client’s view’ to our AI platform. Nybl is democratizing AI, by making it easily accessible and reducing barriers to entry and partners like Commtel enable us to deliver on this promise.”
Published at Tue, 24 Aug 2021 17:00:00 +0000