In her “race”. artificial intelligence enters, as you can see, and h Türkiyelike a platform marketing based in Istanbul and maintained AI was valued at $2 billion at the height of this investment boom experienced by the industry.

it’s about her startup insiderwhich raised about $105 million in a funding round that valued it at almost $2 billion, confirming that AI companies are challenging the global technological recession. The company, founded in Istanbul in 2012 by six Turkish entrepreneurs, received funding from Qatar Investment Authority and acquiring company Esas Private Equityy is based in Istanbul.

According to Bloomberg, artificial intelligence has offset the global decline in venture capital funding for tech startups since OpenI Inc. released it ChatGPT last year, which led to huge interest in this breakthrough technology.

Insider raised a total of $274 million. In March 2022, he received $121 million from seven investors who valued the company at $1.22 billion.

The startup will use the funds to expand and is “looking forward to one or two acquisitions in Europe and the US market to improve our technology,” said CEO and co-founder Hande Çilingir. He also added that the company is considering an initial public offering in 2025 or early 2026. Notably, the company reported a 280% increase in sales in the 12 months to February in North America after attracting customers like Samsung.

The Insider platform uses artificial intelligence to predict consumer behavior in the future. The company has more than 1200 clients, including Singapore Airlines, Toyota Motor Corp. And Vodafone group of companiesin 28 countries.