Swyt, an organization based in the United Arab Emirates that provides businesses with an all-in-one platform to streamline and secure their IT operations, has just wrapped up a sizable fundraising round.
With the help of this seed money, Swyt will be able to further its goals of expanding its footprint in the Gulf and quickening platform research and development. Business angels with a focus on new-tech investments provided the funding, motivated by their desire to introduce cutting-edge solutions to the area. Although the Swyt model is unique to the Gulf, it is rapidly evolving in the US and Europe.
Three main issues influencing the IT industry have been identified by Swyt. First of all, the complexity of IT operations is increasing, costing each employee over 109 hours annually on average to resolve IT problems. Second, there is a dearth of basic IT security and compliance solutions in nearly 90% of businesses, indicating the pervasiveness of IT security threats. Last but not least, growing costs are a big worry. A Gartner analysis indicates that between 2018 and 2023, IT costs increased 2.3 times.
With cutting-edge AI-powered IT solutions, Swyt’s Software as a Service (SaaS) simplifies and secures IT operations to meet these challenges. This involves making sure that all software, apps, and devices are tracked, secured, and managed. It also involves making sure that staff onboarding and offboarding go smoothly. Using IT policies like data encryption, multi-factor authentication, password management, and single sign-on, its Mobile Device Management (MDM) solution safeguards IT environments and businesses. Additionally, Swyt’s on-demand IT support desk provides employees with immediate assistance via Slack, Teams, or WhatsApp.
Furthermore, businesses can effectively finance their IT needs while safeguarding cash flow and keeping an eye on IT operating expenses thanks to Swyt’s Device as a Service (DaaS) leasing solution for IT equipment. Businesses that use Swyt save at least 40% on their IT expenditures.
“The region is eager for innovative products, with a strong demand for solutions that aid in automation and security. This is often a massive headache for businesses, and our platform removes that burden, allowing companies to refocus on what truly matters: their growth,” said Edouard Bouvet, CEO of Swyt.
Swyt gains from Dubai Holding’s In5 Tech incubation, which offers a conducive atmosphere for its expansion and creativity. Swyt’s growth is further aided by membership in the Microsoft Founders Hub, which gives it access to vital resources. With ISO 27001 certification, Swyt provides services to a wide range of clients in the UAE, spanning multiple industries such as e-commerce (The Luxury Closet), fintech (Credable), retail (Eyewa), real estate (Nomad Homes), and digital (Acquisit).
