Omantel invests in Byanat for data analytics solutions expansion for telecom operators

Omantel invests in Byanat for data analytics solutions expansion for telecom operators

Muscat: Omantel, the leading provider of integrated telecommunication services in the Sultanate of Oman, has invested in byanat's Seed Funding Round to expand the provision of data analytics solutions through a software-as-a-service (SaaS) analytics platform for telecommunications operators and service providers.

The funding round featured participation from 500 Global in collaboration with Sanabil Investments, an investment fund owned by the Public Investments Fund (PIF) in the Kingdom of Saudi Arabia, and Al Jabr MENA, a startup development and innovation firm. This funding is set to expedite byanat's technology and product development and enable entry into the Saudi market.

byanat is one of the tech companies that was incubated at Omantel Innovation Labs. The company aims to enhance infrastructure in the telecom, energy, and utilities sectors. Their SaaS analytics platform assists businesses in effectively scaling and maintaining connected infrastructure, by unifying communication management, device management, and data analytics.

Talal bin Said Al Mamari, CEO of Omantel, commented, “This historic investment partnership is an eloquent endorsement of the trust global investors have in Omani startups. It also reflects Omantel’s far-sighted vision towards innovation and technology. Omantel’s investment in byanat is driven by our confidence in its potential to revolutionise the technology industry, not just in