Al Jabr Invests in byanat's Seed Funding Round 🌱

Muscat, 8th of June 2023 - Al Jabr MENA, a startup development and innovation firm, has announced its investment in byanat's seed funding round, joining forces with 500 Global, Sanabil Investments, and Omantel through Omantel Innovation Labs. The strategic investment by Al Jabr MENA signifies their commitment to supporting Omani tech startups and fostering strong regional and global partnerships.

byanat, a provider of a SaaS analytics platform to revolutionize scaling and maintaining connected infrastructure. It combines connectivity management, device management, and analytics, allowing for a wide range of applications across various industries. The seed funding from Al Jabr MENA and other investors will be utilized to accelerate technology and product development, as well as expand byanat's presence in the Saudi Arabian market. 

Mohammed Al Wahaibi, CEO of Al Jabr MENA, stated, "Our investment underscores our dedication to supporting the growth of Omani tech startups. We have full confidence in byanat's innovative capabilities and their potential to deliver value and drive the development of the connected infrastructure.  We are excited to actively contribute to byanat’s success as they expand operations and enter new markets." 

byanat's future plans involve the launch of their SaaS analytics platform, combining IoT and connectivity management for connected infrastructure. As the complexity of digital infrastructure increases, there is a growing demand for advanced data analytics solutions. byanat's innovative platform is well-positioned to address these challenges and provide substantial value. 

Ahmed Alghadani, CEO of byanat, expressed his excitement about this significant investment milestone, stating, "With this investment, we are firmly focused on the future. Our aim is to scale our operations, expand our product offerings, and enter new markets, ensuring that we remain at the forefront of our industry." byanat has already gained recognition by winning the Machine Learning Award in Data at Oman's 2nd Big Data and Analytics Meet, and is among the top 2% of companies accepted into the 500 Global accelerator program in the MENA region.