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Armenian Startup Ecosystem News Channel
by Ruben Osipyan @rubenosipyan
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πŸš€ AWS, in collaboration with NVIDIA, has launched the AWS Generative AI Accelerator!

🌟 Program Highlights:

- Win up to $1M in AWS credits
- Receive a complimentary ticket to AWS re:Invent

πŸ—“ Application Deadline: July 19, 2024.

πŸ”— Apply Now: aws.amazon.com/startups/accelerators/generative-ai

Finalists will be invited for virtual interviews. Stay tuned for updates by the end of August.

https://t.me/threenstartups

#aws #nvidia #acceleratorprogram
Happy Vardavar πŸ’¦

Product People Armenia will host Yeva Hyusyan, the Co-Founder & CEO of Sololearn, a Series B stage ed-tech startup that provides an at scale solution for upskilling and reskilling by making tech skills accessible to all.

The event will be in a BusinessTalks format, where you can ask questions from the audience and meet personally after the event.

The event will be moderated by Tat Ajamyan, Founder of SleepDoctor and Wakie (YC alum).

πŸ—“ Date: July 9
πŸ•’ Time: 6:30 PM

πŸ‘‰ Book your seat here: https://mssg.me/productpeople

πŸ”₯ This is the very first event hosted in a newly opened IT hub in the heart of Yerevan - at ai9. Find the Google Map link here.

Don't miss a chance to attend this event!

https://t.me/threenstartups

#event #networking #yevahyusyan #tatajamyan #ai9 #productpeoplearmenia
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πŸ“Š Carta's Q2 Startup Ecosystem Insights: Key Takeaways πŸ“Š

Every quarter, Carta releases a comprehensive State of Private Markets report on the startup ecosystem. Here's an early glimpse into Q2 data for U.S. startups:

πŸš€ Valuation Trends:

- Modest increases in median pre-money valuations at most venture stages.
- Rapid valuation spikes for Series D and E+ rounds (on very low volume).

πŸ’΅ Round Size Consolidation:

- Median cash raised remained steady from Seed through Series C after recovering from 2023 lows.

πŸ“ˆ Fundraising Overview:

Overall fundraising in Q2 is projected to be only slightly higher than Q1.

https://t.me/threenstartups

#carta #analytics #positivetrends
πŸš€ Open Call for Armenian Startups: Apply Now for the WITSA World Cup National Competition! πŸš€

Calling all Armenian Pre-Series A startups! Showcase your innovative solutions and compete on a global stage. The WITSA World Cup National Competition in Armenia is now accepting applications until July 31, 2024.

πŸ† Why Apply?
- Gain international exposure
- Compete with top startups worldwide
- Opportunity to represent Armenia at WCIT2024/DigiTec

πŸ“… Key Dates:
- Application Deadline: July 31, 2024
- National Event: October 2024 at the Karen Demirtchian Complex, Yerevan

πŸ”‘ Evaluation Criteria:
- Innovation
- Customer traction
- Scalability
- Tech for good
- Potential

✨ Don't miss out on this chance to shine globally! Visit here for more details and to apply: https://www.f6s.com/witsa-national-competition-armenia

https://t.me/threenstartups

#witsaworldcup #wcit2024 #startups #competition #applynow
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πŸš€ Index Ventures Announces $2.3 Billion in New Funds

Index Ventures announced a $2.3 billion in new funds to support the next wave of tech startups globally! πŸŽ‰

πŸ”Ή $800M for Venture Investments
πŸ”Ή $1.5B for Growth and Late-Stage Companies

The funds were raised in just a few weeks, entirely from existing LPs, showcasing the firm’s strong reputation.

Index Ventures is a leader in the VC space, particularly in AI. β€œThere’s a huge opportunity for entrepreneurs to build on AI’s foundation models, adding real value,” says Nina Achadjian, partner at Index Ventures.

Index Ventures' portfolio includes Figma, Revolut, Roblox, Scale AI, and Wiz. Over the past 28 years, they’ve funded 108 unicorns, 23 decacorns, and 57 public companies.

P.S. Nina is one of the leading forces of HIVE - one of the first and most successful Armenian VC funds investing in numerous promising Armenian startups.

https://t.me/threenstartups

#indexventures #venturecapital #ninaachadjian #diaspora
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πŸš€ Flagship Pioneering Raises $3.6B! 🧬

Flagship Pioneering has expanded its capital base by $3.6B to support the creation of 25 breakthrough companies in human health, sustainability, and AI. This brings their total capital raised since 2021 to $6.4B!

πŸ”¬ β€œOur focus is on pioneering original science to invent transformative technologies that improve human health and our planet,” says Flagship Pioneering Founder & CEO Noubar Afeyan.

🏒 Flagship has expanded globally with hubs in London and Singapore, through collaborations and partnerships with industry giants like Pfizer and Samsung.

πŸ‘₯ Flagship's portfolio includes innovative companies like Moderna, Generate Biomedicines, Indigo Agriculture, Foghorn Therapeutics, and Tessera Therapeutics.

This news and this one demonstrate the strength and power of the Diaspora. Its potential in transforming Armenia into an innovation hub is obviously underused.

https://t.me/threenstartups

#biotech #ai #flagshippioneering #investment #healthtech #noubarafeyan
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πŸš€ HerculesAI (ex Zero Systems) secured $26M in Series B funding!

Exciting News for the Armenian Startup Ecosystem! HerculesAI (formerly Zero Systems) secured $26 million in Series B funding! πŸŽ‰

Since 2017, they’ve been pioneers in automating professional services, and their early focus on building large language models (LLMs) has paid off massively, especially after the surge of interest in LLMs with the rise of ChatGPT in 2022.

They’ve been developing small models since 2020, running them on edge devices for compliance. Today HerculesAI’s multi-agent system is revolutionizing intelligent data extraction, transformation, and verification, ensuring accuracy by comparing data against regulations, policies, contracts, and laws.

They had 4x growth in the past year, with 30% of the top 100 US law firms and major Fortune 500 companies like Mercer, Standard & Poor’s, and State Farm as clients.

Kudos to Gevorg Karapetyan and HerculesAI for their incredible achievement! πŸŒπŸš€

https://t.me/threenstartups

#investment #successstory #herculesai
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πŸ“’ Brace yourselves for QLOONG Vol. 5!

πŸ“… Date: July 18, 2024
πŸ•’ Time: 19:00
πŸ“ Location: Unicorn Community Cafe, 83 Koghbatsi St

πŸš€ Qloong Vol. 5 promises raw and brutally honest feedback to propel your startup forward. Connect with entrepreneurs, investors, and enthusiasts. Share stories, network, and discover new opportunities.

🎀 Want to present? Apply now to showcase your startup and receive feedback from experienced Qloongers. πŸ”— https://lnkd.in/d_mnKK-R

🎟️ Not presenting? No problem! Join us for an evening of entertainment, surprises, and invaluable insights. πŸ”— https://lu.ma/lbm0hmd4

Places are limited, so don't miss out - register❗️

Event Links:
- Facebook: https://shorturl.at/RWtbA 
- LinkedIn: https://shorturl.at/GysA5 

https://t.me/threenstartups

#qloong #event #networking #ideavalidation
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πŸš€ IT Future Hub: Yerevan 2024 - IT Synergy by Analysts Association, Gitakan Tech Institute and Anahit Hub πŸ‡¦πŸ‡²

Learn about the latest IT trends and network with industry leaders.:

βœ… Types of IT analysts and their responsibilities
βœ… Salary ranges for IT professionals at various levels and in different countries
βœ… Successful job search strategies in IT: how to find a job in 2024
βœ… Unique career-building cases in IT: steps to becoming a top expert

πŸ“Œ Venue: Anahit Hub, Hakob Hakobyan St 3, Mergelyan Institute, Yerevan

🌐 Online meetup broadcast: the link will be available after registration

πŸ—“ Date: August 4, 2024
⏲ Time: 14:00 Yerevan time (GMT+4)
πŸ“’ Language: Russian

➑️ Registration link

This event will be beneficial for professional growth, acquiring new knowledge, and expanding your network!

https://t.me/threenstartups

#analystsassociation #itfuturehub #meetup #event #netwokring #anahithub #gitakan
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πŸš€ Modicus Prime Secures $3.5M Seed Investment! πŸš€

Modicus Prime has raised $3.5M in seed funding for a revolutionary advancement in drug manufacturing quality control!

This round was led by Silverton Partners, with additional support from Alumni Ventures and other notable venture firms.

With strong roots in the Armenian startup ecosystem, Modicus Prime's team features significant Armenian leadership, including advisor Jack Topdjian. Notably, three Armenian VCsβ€”Granatus Ventures, Triple S Ventures, and SmartGateVCβ€”have invested in the startup previously.

Modicus Prime's self-service AI software is revolutionizing biotechnology through advanced image analysis, preventing costly contaminations and ensuring real-time product quality.

Congrats to the Modicus Prime team and their investors on this milestone! πŸ”₯

https://t.me/threenstartups

#modicusprime #investment #successstory #granatusventures #triplesventures #smartgatevc
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πŸ”ˆ For Research and Educational Institutions, Technological Organizations, and Big Data Analysts!

The Institute for Informatics and Automation Problems (IIAP) of the National Academy of Sciences of Armenia and the Enterprise Incubator Foundation, supported by the Ministry of High-Tech Industry of Armeniaoffer free access to the "Aznavour" supercomputer in the Engineering City throughout 2024.

πŸ’‘ Key Features:

- 24,480 cores
- 39 TB memory
- 1.5 PB storage
- Infiniband FDR interconnect
- Peak performance of 861.7 teraflops/second

Perfect for:

πŸ”¬ Life Science
🌍 Earth Science
πŸ”­ Physics
πŸ’‘ Engineering
🧠 Data Science
πŸ“Š Computer Science
🎨 Art and Creative Technologies

Elevate your projects and research with this powerful tool. Apply here πŸ‘‰: https://anscc.sci.am/?page_id=141

https://t.me/threenstartups

#hpc #bigdata #supercomputer #research #innovation
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πŸš€ Grant Opportunity Alert!

The Ministry of High-Tech Industry of Armenia announces the "Market Entry" grant competition!

πŸ’‘ Goal: Funding companies to launch their products into the market, creating new value in high-tech or solving modern challenges with technology.

πŸ’Έ Up to 10,000,000 AMD per winning company (~$25K)!
πŸ’° Total Budget: 290,000,000 AMD

πŸ“… Apply by August 15, 2024, 16:00 GMT+4
πŸ”— Apply at: www.armeps.am
πŸ“ See details and application guidelines here (in Armenian).


πŸ“ž For more info: Call +374 10 590075, +374 10 590174 or email grants2023@hti.am

Don't miss out on this chance to take your innovation to market! Apply now! πŸš€

https://t.me/threenstartups

#mhti #grant #applynow
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Update: this event was rescheduled for Sep 4

πŸ₯β˜•️ Breakfast with Thomas Mazejian!
πŸš€

Thomas is a seasoned IT executive, entrepreneur, angel investor, and agile transformation coach!

With over 20 years of experience in tech and telecom, Thomas will share insights on investments, tech innovations, and agile transformations.

πŸ—“ Date: July 23, 2024
⏰ Time: 10 AM
πŸ“ Venue: Unicorn Community CafΓ©, 83 Koghbatsi Street

Fee: 4,000 AMD (breakfast included)

Payment Methods:
- Card Transfer: 4355033930007038
- Idram: @272340603

πŸ”— Secure your spot now! https://forms.gle/HVXCcCKtZ5M1zMwVA

❗️ Registration confirmed upon payment. Limited seats available!

https://t.me/threenstartups

#banaangels #networking #event #thomasmazejian
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πŸš€ Joomag unveils its Gen AI Platform!

Joomag launches its Generative AI Platform, empowering marketing and non-creative teams to create stunning, on-brand content effortlessly.

✨ Key Benefits:

- Faster Time to Market: Weeks of work turned into hours.
- Reduced Costs: Automate tasks and save resources.
- Brand Consistency: Maintain strict brand guidelines.
- Scalability: Expand marketing without extra workload.
- Personalization: Use data for targeted materials.

πŸ”— About Joomag: Trusted by over 5,000 customers since 2009, Joomag offers a comprehensive suite of content creation, distribution, and analytics tools.

https://t.me/threenstartups

#joomag #genai #contentcreation #digitalpublishing
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3N Startups pinned a photo
πŸš€ Triple S Ventures has invested $150,000 in Sparxell! πŸš€

Sparxell is a pioneering UK-based startup founded by Cambridge scientists who revolutionize the pigment industry with its fully biodegradable, non-toxic, high-performance pigments made from cellulose.

This funding will help Sparxell scale its operations, enhance R&D, and expand its market reach.

With pilot projects already underway with LVMH, Chanel, and L'OrΓ©al, Sparxell is set to transform the fashion and cosmetics industries with its sustainable solutions.

"We are thrilled to support Sparxell in their mission to bring environmentally-friendly solutions to the market," said Avag Simonyan, Managing Partner at Triple S Ventures.

🌱 Learn more about Sparxell's innovative work: www.sparxell.com

Congrats to Sparxell and Triple S Ventures on this achievement πŸŽ‰

https://t.me/threenstartups

#triplesventures #sparxell #investment #successstory
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πŸš€ Ucom Fellowship Incubation Program by Impact Hub Yerevan! 🌱

Are you an innovator with a passion for technology and environmental sustainability? This program is designed to nurture early-stage projects that integrate these fields.

Get expert mentorship, workshops, and access to Impact Hub’s ecosystem to turn your ideas into impactful solutions.

πŸ—“ Application Deadline: August 12, 2024, 23:59 (Armenian Local Time).

Apply now to transform your vision into reality and compete for a 500,000 AMD award!

πŸ‘‰ Apply Here: https://docs.google.com/forms/d/e/1FAIpQLSflrBtQAQ57KrRq0vQfnwJjKQdJxcW_vVlREj2t3qjbXgi5cw/viewform

Find more details here: https://yerevan.impacthub.net/ucom_fellowship/

https://t.me/threenstartups

#innovation #sustainability #impacthubyerevan #ucomfellowship #entrepreneurship
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3N Startups
πŸŒΎπŸš€ Join TUMO Labs' 12-week incubation program to revolutionize in AgriTech! πŸ’Ό What's in it for you? πŸ”ΈTurn your ideas into reality with full support from TUMO Labs. πŸ”ΈEnjoy free office space and expert guidance. πŸ”ΈDesign your business model and secure investments.…
πŸš€ Join AgriTech Incubation Program's Info Session! 🌱

TUMO Labs invites techies and agriculture enthusiasts to join its AgriTech Incubation Program info session!

πŸ—“ Date: Thursday, July 25
πŸ•• Time: 18:00 - 19:30 GMT+4
πŸ“ Location: TUMO Labs, 2A Halabyan St, Yerevan 0038

πŸ‘₯ Meet the AgriTech Project Manager
πŸ’‘ Learn about the program & $10,000 funding opportunity

🚐 Need transport to Yerevan? Fill out this form by July 29, 4 pm: https://forms.gle/px8MPJ3gpzSoDTb87

πŸ“’ More details: https://tumolabs.am/en/agritech_incubation/

https://t.me/threenstartups

#agritech #tumolabs #incubationprogram #infosession #networking #event
3N Startups pinned a photo
πŸš€ STAN Talks: Navigating Armenian SAFE Regulations πŸš€

In light of Armenia's recent legislative reforms supporting SAFE contract regulations, STAN and IC Armenia are hosting an info session to present these changes.

The event will provide exclusive insights from the experts at the Investment Council of Armenia, who have been driving these regulatory advancements.

πŸ‘₯ Speakers:
- Hovsep Patvakanyan - Lead Economist, Head of IC Armenia
- Hayk Malkhasyan - Senior Legal Adviser
- Davit Aghajanyan - Senior Economist

πŸ“… Event Details:
- Date: Thursday, August 8, 2024
- Time: 18:30 GMT+4
- Venue: FAST Creative Campus, Hakob Hakobyan 3

πŸ”— Register Now: https://lu.ma/8yi62fvd

https://t.me/threenstartups

#stan #icarmenia #event #networking #saferegulations
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