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.