Maxbyte receives $5 million in funding from the UAE’s e& capital to support its expansion.

The automotive, defense, utilities, food and beverage, and industry 4.0 sectors are all served by Maxbyte, which provides solutions for these industries.
The global technology conglomerate e&, formerly known as Etisalat Group, has led a $5 million series A financing for Maxbyte, an Abu Dhabi-based technology company, through its investment arm, e& capital, based in the United Arab Emirates.

The money will help Maxbyte’s growth strategy, product development, and solution development. By expanding its sales force, improving its go-to-market strategy and alliances, and scaling projects across new countries and industries, it hopes to hasten its growth, according to a statement released on Tuesday by e& Capital.

With a history of success stories across the UAE, [the] US, SEA [South-east Asia], and India, Maxbyte’s creative approach to automation technology positions it as an excellent partner for the Industry 4.0 transformation, according to Eddy Farhat, executive director of e& capital.

“This investment will advance its mission to automate and digitally transform businesses.”

The automotive, defense, utilities, food and beverage, and industry 4.0 sectors are all served by Maxbyte, which provides solutions for these industries. The company declared its intention to make smart linked industrial enterprise solutions available for sustainability, predictability, flexibility, and productivity.

This important alliance accelerates our efforts to lead technological change, strengthen smart manufacturing, and advance regional and international industries. Ramshankar CS, Maxbyte’s co-founder and CEO, said.

The $60 million series B fundraising for Airalo, an eSIM marketplace looking to increase its global presence, was led by e& capital this month.

As part of e& capital, e& announced a $250 million venture capital fund in October to aid the ecosystem for tech start-ups. In addition to giving start-ups access to investor and expert networks, the e& capital VC fund seeks to draw them in and help them.

e& changed its name in February of last year in an effort to become a multinational technology investment company. Through its five business pillars—Etisalat by e&, e& international, e& life, e& enterprise, and e& capital—the company offers digital solutions.

In the UAE, Maxbyte products are distributed and integrated solely by E& Enterprise.

Satellites and self-driving taxis are part of the strategy to make Abu Dhabi a smart city.

The government and UAE-based Bayanat are collaborating on smart infrastructure.
An artificial intelligence-powered provider of geospatial data goods and services located in Abu Dhabi, Bayanat, anticipates that its self-driving car pilot program and recently announced satellite space deal will significantly advance the emirate’s goal of becoming a smart city.

According to Abdulla Al Shamsi, chief operating officer of Bayanat, the firm, which is majority owned by G42, is aiming to improve its capabilities as part of efforts to collaborate with the government to make sure Abu Dhabi is “first in the world” when it comes to smart city infrastructure.
The company is growing with a focus on establishing competence domestically thanks to its initial public offering on the Abu Dhabi Securities Exchange in October.

The facility itself was the first investment we made, so listing definitely enabled us to believe we had crossed the line and taken use of the chances.
A space initiative to develop national satellite earth observation and remote sensing capabilities within the UAE was launched in May by a collaboration between Bayanat, Yahsat, and Al Yah Satellite Communications of Abu Dhabi.

According to Mr. Al Shamsi, the program’s initial satellite launch is still scheduled for the first quarter of 2024.

The initial satellite won’t be produced locally. With our partner, it will be launched and constructed. From there, we are developing and preparing ourselves from a facility standpoint.

In order to deliver a reliable data stream, it plans to develop at least five SAR satellites in low Earth orbit.

SAR is an active sensing technology that produces high-resolution images by illuminating the Earth’s surface and measuring the reflected signal. SAR satellites, in contrast to conventional optical imaging satellites, may take pictures day or night, in any condition of weather or illumination.
The program offers “massive” commercial prospects.

We specialize in geospatial space, but we also specialize in smart mobility and smart cities, so we will now investigate that angle as well. Having that data source, whether it be from aerial sensing devices or remote sensing, would undoubtedly help us create additional goods,”

SAR will aid in the discovery of events like land deformation, which in the past would have required the assistance of an inspector, or an oil spill at sea, enabling authorities to react quickly and limit damage.

Urban planning will also be significantly impacted by it.

“SAR will aid in better comprehension and more effective planning, and [urban planners] will make greater and broader use of the data,”
According to the International Institute for Management Development’s (IMD) Smart City Index for 2023 from Switzerland, Abu Dhabi this year kept its status as the most intelligent city in the Middle East and North Africa. This was made possible by its digital-first initiatives.

The index, which was published in may, ranked the capital of the UAE 13rd globally.

According to, chairman of the emirate’s Department of Municipalities and Transport (DMT), Abu Dhabi’s rise to prominence as the region’s leader is the result of initiatives centered on technologies like artificial intelligence and the internet of things, as well as the development of smart city initiatives across society, services, and the economy.

According to Mr. Al Shamsi, Bayanat, which is presently testing autonomous transportation in Abu Dhabi alongside the DMT and the Integrated Transport Centre, plans to quickly advance to the next round of trials.

The business collaborates with companies like China’s WeRide, which last month acquired the UAE’s first preliminary license to drive autonomous vehicles.

Everyone is attempting to use this new technology wisely because it is so new. In order to “… build the trust and the confidence with our partners on the potential of those self-driving cars that can operate freely on our roads,” Mr. Al Shamsi continued, “we are taking the additional measure [of a safety driver] at this moment.

The experiments, which began last year, have involved thousands of individuals, and the robotaxis and robo-buses are already running on Yas Island and Saadiyat Island.

The testing have given Bayanat a wealth of information and enabled it to make changes to the operating system as it strives to comprehend upcoming laws before to a significant fleet increase.

We are currently figuring out how to expand the fleet and how to deploy the first autonomous car without the safety officer, he added.

“To ensure that we are keeping it contained, we will test that in a geofencing configuration. Although our previous test was successful, the distance it could travel was somewhat constrained. In the near future, we intend to expand it.
Additionally, the technology at this point is still on the “higher side” in terms of expense.

According to Mr. Al Shamsi, “We are working with our partners to find answers and how we may truly render that commercially viable for the future.”

We are quite enthusiastic about this.

While Bayanat intends to expand across the region and globally with its smart mobility strategy, “we will go when we have the full consultancy service and also when we are providing the technology and implementing this on a wider range”, he said.

Looking ahead, the company will continue focusing on organic and inorganic growth within its key verticals of AI and geospatial to ensure its “sustainable growth and business”, he added

Meta introduces an AI platform with nearly 100 language translations.

The first ‘all-in-one’ model that can comprehend and translate both speech and text is SeamlessM4T.
An artificial intelligence-powered translating engine that can translate languages for both text and speech has been released by Facebook’s parent company Meta.

The translation tool, known as SeamlessM4T, is the “first all-in-one multilingual multimodal AI transcription and translation model,” according to Meta.

Multimodal engines are software tools that can produce translations into either text or speech and comprehend language from both speech and text.

Depending on the task, SeamlessM4T can translate up to 100 languages from text to speech, text to text, speech to text, and text to voice.

“SeamlessM4T’s single system strategy reduces mistakes and holdups while increasing the efficiency and standard of the translation process,” Meta stated. “Compared to approaches using separate models.”

It continued, “This makes it easier for people who talk different languages to communicate with one another.”

The AI-driven translation market is flourishing.

According to India-based Acumen Research and Consulting, the size of the global machine translation market is predicted to increase from $812.6 million in 2021 to over $4.1 billion in 2030.

The practice of translating text or speech into another language using software is known as machine translation.

According to Meta, SeamlessM4T is being made available to the public under a research license so that researchers and developers can expand on this work. The information for Seamless Align, the largest open multimodal translation data set to date with 270,000 hours of extracted speech and text alignments, has also been made available.

Nearly 100 languages can have their voice recognized by the new translation engine. It is capable of translating speech to text in approximately 100 input and output languages. Almost 100 languages can be used as inputs and 36 languages, including English, can be used as outputs for speech-to-speech translation.

Additionally, it supports 35 (including English) output languages and approximately 100 input languages for text-to-text and text-to-speech translation, respectively.

SeamlessM4T, according to Meta, is a component of its efforts to develop a universal translation.

No Language Left Behind (NLLB), a text-to-text machine translation model that covers 200 languages, was introduced by Meta last year. It is now one of the translation services available on Wikipedia.

It released its first spoken language speech-to-speech translation program in October. The system was created as part of Meta’s Universal Speech Translator project, which aims to create AI systems that can translate speech to speech in any language.

Massively Multilingual Speech, which offers speech recognition, language identification, and speech synthesis technology spanning more than 1,100 languages, was unveiled by the business earlier this year.

“SeamlessM4T” is a project that “draws on results from all of these projects to provide a multilingual and multimodal translation experiences stemming from just one model, built over an extensive variety of spoken data sources with state-of-the-art results,” Meta said .Additionally, SeamlessM4T has a code-switching feature. When a multilingual speaker speaks in multiple languages, it occurs. It enables the engine to recognize and translate many languages when they are jumbled together in a single statement.