Saudi nybl AI signs investment deal with QDB to enhance AI growth

GHADA.ISMAIL
Nov 20, 2024

Riyadh – Sharikat Mubasher: Saudi nybl, the science-based artificial intelligence (AI) pioneer, announced signing a strategic partnership with Qatar Development Bank (QDB) as part of the Startup Qatar program, highlighting regional homegrown talent that have great potential to positively impact and drive Qatari AI growth.

The investment agreement was signed by Noor Alnahhas, CEO of nybl, and Mohammed Abdulsalam Al Emady, Acting Executive Director of Investment and Incubation at QDB, according to a joint announcement on social media.

Out of 2,000+ applicants, nybl stood out as one of nine startups selected for this incredible opportunity for nybl’s cutting-edge AI techs that aim to tackle real-world challenges in industries like energy, healthcare, and agriculture.

The Startup Qatar Investment Program, powered by QDB, aims to attract tech startups to establish or expand operations in Qatar. It offers funding for both seed and growth stage companies, alongside incentives and support services

nybl is a deep-tech development company with a mission to develop and export technology and innovation from Saudi Arabia and UAE, to the rest of the world. nybl’s technology focuses on delivering real-time failure prediction, prescription, prevention, and optimization, increasing efficiency and reducing costs for critical industries and challenges facing humanity. The power of nybl’s Ai is that it solves challenges by helping brilliant people address our most pressing humanitarian, energy, scientific, and sustainability challenges.

The vision at nybl is to democratize Ai - building a world in which, together we can unlock the full depth and breadth of human potential. This is achieved with nybl’s suite of AI applications, a world-class ML framework, and Ai platform, and with the aim of transforming data into actionable intelligence.


Share

Related News

Ariika secures $3mn to solidify presence in Saudi Arabia
News
Calendar Icon
November 21, 2024
Ariika secures $3mn to solidify presence in Saudi Arabia
readmore
Saudi nybl AI signs investment deal with QDB to enhance AI growth
News
Calendar Icon
November 20, 2024
Saudi nybl AI signs investment deal with QDB to enhance AI growth
readmore
Singapore’s Locad raises $9mn in pre-Series B to expand in GCC market
News
Calendar Icon
November 20, 2024
Singapore’s Locad raises $9mn in pre-Series B to expand in GCC market
readmore
EdfaPay closes $5mn pre-series A round
News
Calendar Icon
November 20, 2024
EdfaPay closes $5mn pre-series A round
readmore
Egypt’s Qara successfully raises $2.6mn
News
Calendar Icon
November 18, 2024
Egypt’s Qara successfully raises $2.6mn
readmore
Merak Capital launches SAR 306 mn fund to support gaming startups
News
Calendar Icon
November 18, 2024
Merak Capital launches SAR 306 mn fund to support gaming startups
readmore
Bubbl raises $350,000 in a pre-seed round
News
Calendar Icon
November 17, 2024
Bubbl raises $350,000 in a pre-seed round
readmore
Pemo secures $7mn in pre-series A led by Shorooq Partners
News
Calendar Icon
November 14, 2024
Pemo secures $7mn in pre-series A led by Shorooq Partners
readmore
Popcorn AI collects $500,000 in a pre-seed round
News
Calendar Icon
November 13, 2024
Popcorn AI collects $500,000 in a pre-seed round
readmore
Egypt’s Efreshli closes undisclosed seed fund
News
Calendar Icon
November 13, 2024
Egypt’s Efreshli closes undisclosed seed fund
readmore