Noor Alnahhas says investment is a strategic and synergistic partnership
Global engineering and technology company Commtel, through its subsidiary in the UAE, has taken a minority stake in nybl.ai, the Dubai based deep tech company democratizing AI.
Commtel, which has offices in India, highlighted that nybl has 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.
The two companies have agreed not to disclose the percentage of the stake.
Explaining the rationale for the investment, Commtel Networks CMD Shriprakash Pandey 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,” Pandey said in a release on 24 Aug 2021 from Mumbai.
Says nybl that it aims to democratize AI by enabling anyone to codelessly develop and deploy Machine Learning models and Ai applications.
“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,” elaborated Noor Alnahhas, CEO & Co-founder, nybl.
“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,” said Noor, adding that “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.” #technology #investment #funding /fiinews.com
