Strengthens its AI capabilities to serve the critical national infrastructure sectors
Mumbai, August 16, 2021, Monday: Global engineering and technology company Commtel, through its subsidiary in the UAE, has invested a minority stake in nybl, the UAE 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 R. 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.”
About Commtel Networks:
Commtel is a global engineering and technology company providing high-performance digital communication, surveillance, security, safety, and artificial intelligence (AI) solutions for clients in the Oil & Gas, Power, Mining, Transportation, and other critical national infrastructure sectors. Commtel is at the forefront of engineering intelligence with expertise in executing turnkey solutions – design, engineering, multi-system integration, project management, commissioning, and life cycle management. Founded in 1998, Commtel has delivered over 500 projects across four continents, enabling the digital transformation of the mission-critical infrastructure of the clients. To learn more, log on to www.commtelnetworks.com
nybl is smarter AI: a knowledge-driven machine learning platform that turns mountains of underutilized data into actionable intelligence, launched in 2019. Nybl has developed a framework for codeless development of machine learning models and AI applications. This end-to-end technology platform is industry and application agnosticm making their tech one of the most versatile in the world. In this sense, they’re creating an ecosystem that enables anyone to deploy AI tech, and opening up the principle of AI to everyone. In essence, they are democratising AI, by making it easily accessible and reducing barriers to entry. More on www.nybl.ai.