The private capital arm of Abu Dhabi state investor Mubadala Investment Company and venture capital firm Point72 Ventures have led a USD16 million Series B investment in Bayzat, a UAE-based human resources, payroll, and employee benefits platform. Other participants in the funding round include Saudi Arabia state-owned technology company Elm, venture capital and entrepreneurship platform Endeavor Global, and technology-focused investment firms Greyhound Capital and Tech Invest Com. Bayzat plans to use the fresh funds to develop its technology and improve customer experience.