Maxbyte raised $5M in series A round from e& Capital

Maxbyte, an integrated digital and robotics solutions provider, has raised $5 million Series A funding round led by e& Capital (formerly Etisalat Group), to strengthen the company's market expansion and product development, empowering it to pioneer innovative solutions that enable manufacturers in the digital age.

The funds will be used to accelerate growth by strengthening the sales team, refining the go-to-market strategy and partnerships, and scaling up projects in new geographies and industries, according to a statement shared on Wamda.

UAE-based Maxbyte, founded by Ramshankar CS in 2016, offers services in three key areas, including Industry 4.0 and AI applications to digitise industrial value chains into smart and sustainability factories, robot and automation solutions to enable autonomous factories, and Industry 4.0 education programmes to enable manufacturers and the community to drive and adopt digital transformation and the Industry 4.0 journey.

1306 people loved this story

---

Mastercard partners with UAE govt to boost AI adoption in the region

The companies have signed a Memorandum of Understanding, establishing e& enterprise as the exclusive distributor and system integrator of Maxbyte products in the UAE. This collaboration aims to accelerate digitisation in the manufacturing industry and align with MoIAT's Operation 300bn programme.

This pivotal partnership accelerates our journey to lead technological evolution, empower smart manufacturing, and support industries in the UAE and around the world," said Ramshankar CS, Co-founder and CEO of Maxbyte.

UAE-based investment firm, e& Capital has launched a $250 million venture capital fund to support the tech startup ecosystem. The fund aims to attract, engage, and support start-ups, providing access to investor and expert networks.

It has led a $60 million Series B funding round for Airalo, an eSIM marketplace, as it looks to expand its global footprint, this month.

In February, e& rebranded as a global technology investment conglomerate, offering digital solutions through its business pillars, including Etisalat by e&, international, life, enterprise, and capital.