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Armenian Startup Ecosystem News Channel
by Ruben Osipyan @rubenosipyan
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EPIC 2025 Startup Pitch Competition in Hong Kong!

EPIC 2025 will take place in Hong Kong, one of Asia’s top startup ecosystems. EPIC provides access to investors, corporate partners, and the Greater Bay Area’s thriving market. Its main focus areas are: Digital Health Tech | FinTech | GreenTech

Prizes:
- Overall Champion: $60,000 USD
- Tech Track Winner: $20,000 USD
- Top 12 Finalists: $10,000 USD

Eligibility requirements:
- Your company is a registered business (for less than 10 years)
- You innovate in Digital Health Tech, FinTech, or GreenTech.
- Your company plans to expand its R&D and business operations to Hong Kong or the Greater Bay Area in mainland China.

Application Deadline: June 17, 2025 (23:59 GMT+8)
Find more details and apply πŸ‘‰: https://epic.hkstp.org/

#EPIC #StartupPitchCompetition #HongKong #China #CashPrizes

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πŸš€ STAN Invests in a Stealth Startup Revolutionizing Engineering Workflows!

STAN announced its latest investment in a stealth startup that is transforming how engineering teams handle customer-reported issues. With AI-driven severity assessment, root cause analysis, and auto-fix suggestions, engineers can now focus on building the future rather than troubleshooting the past! πŸ“ˆ

This marks STAN’s 25th closed deal, and notably, this investment is made after the STAN’s Pitching Session in Los Angeles (Oct 2024).

πŸŽ‰ Congratulations to STAN Angels and the startup on this milestone!

#STAN #AngelInvestment #SuccessStory #Investment

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Do you have a bold idea in the creative industries? Join the VahΓ© & Lucie Foundation Fellowship 2025 at Impact Hub Yerevan!

This one-year program offers workshops on entrepreneurship, branding, mentorship and more.
There will be a financial support for top-performing fellows.

Deadline: March 23, 2025, 11:59 PM
Apply now: https://forms.gle/XTDvMZn8UrqBMkdEA

Find more details here: https://yerevan.impacthub.net/vahe-and-lucie-foundation-fellowship-program-2025/

#ImpactHub #CreativeIndustries #ApplyNow

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We have made a list of the most successful Armenian startups – the ones from Series A to πŸ¦„ unicorn level or those that have successfully IPO-ed. This list does not include exited startups such as LiveLOOK, Aarki, Integrien and others. We wanted to analyze the backgrounds of the founders to identify key patterns, and here is what we found.

Founder Background Patterns
1. Over 80% of the founders have a STEM background.
2. Around 80% of the founders had significant experience before starting their current startup. All founders without prior work experience studied abroad – such as Davit Buniatyan, who earned his PhD at Princeton, and the Petrosyan brothers, who were pursuing their PhDs when launching SuperAnnotate.
3. Over 70% of the founders have either studied, worked, or lived abroad before launching their startup. Many gained experience at top universities or global tech firms before returning to Armenia or founding their startups internationally.
4. Around half of the founders worked at a major tech company (Google, Microsoft, Oracle, Twilio, etc.) before launching their startup.
5. Over 40% are serial entrepreneurs, having founded or exited previous companies before their current venture.

Ripple Effects of Picsart
1. Picsart has been a major talent hub for the Armenian startup ecosystem: Founders of two startups (Podcastle, EasyDMARC) previously worked at Picsart.
2. Picsart was born from Sourcio (a company founded by Hovhannes Avoyan, which later exited). The founder of Hercules AI also previously worked at Sourcio.
3. Picsart was a workplace of much more startup founders who are not in the list.

Successful Founders Tend to Give Back
Arto Yeritsyan (Podcastle), Davit Baghdasaryan, and Arto Minasyan (Krisp) co-founded BigStory VC to support fellow founders and invest in the next generation of Armenian startups.

See the continuation below ⬇️:
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See the beginning above ⬆️:

List of the Startups we Looked at

πŸ¦„ ServiceTitan (IPO-ed in Dec 2024):
- Vahe Kuzoyan: University of Southern California
- Ara Mahdessian: Stanford University

πŸ¦„ Picsart (Series C):
- Hovhannes Avoyan: CEO and Founder at Sourcio (acquired by HelpSystems), CEO and Founder at Monitis Inc. (acquired by TeamViewer/GFI Software), General Manager at Lycos Europe/Bertelsmann, VP and General Manager at Brience Armenia (acquired by Lycos/Bertelsmann), CEO/Founder at CEDIT (acquired by Brience)

CodeSignal (Series C):
- Tigran Sloyan: Partner Technology Manager at Google, CTO at KeyIdeas, Founder & CTO at Yevista, Applications Engineer at Oracle, Teaching Assistant at MIT

Britive (Series B)
- Artyom Poghosyan: Vice President, Managed IAM at Optiv Inc., Co-founder & CEO at Advancive Technology Solutions, Manager, Advisory Services at Ernst & Young LLP, Experienced Consultant, Technology Risk Services at Protiviti, Consultant at Arthur Andersen, Analyst - International Trade Finance at HSBC

SuperAnnotate (Series B)
- Tigran Petrosyan: PHD Candidate, UniversitΓ€t Bern
- Vahan Petrosyan: KTH Royal Institute of Technology, PhD in Machine Learning, Utah State University, Master of Science (MS), Statistics

Hercules AI (Series B):
- Gevorg Karapetyan: Senior Software Engineer at Imagenomic, Software Engineer at Sourcio

IntelinAir (Series B):
- Al Eisaian: Co-Founder & CEO at IconApps, Inc. (Acquired by Science, Inc.), Global Head of Product Strategy and Marketing at Opera Solutions, Executive Chairman, Co-Founder, CEO at Integrien Corporation (Acquired by VMWare), SVP and General Manager at LowerMyBills.com (Acquired by Experian), Associate Partner at USWeb Corporation, Business Unit Manager at NMB (USA) Inc.
- Naira Hovakimyan: Professor of Mechanical Science and Engineering at University of Illinois at Urbana-Champaign, Professor at Virginia Tech, Research Scientist at Armenian Academy of Sciences

SoloLearn (Series B):
- Yeva Hyusyan: Country Manager at Microsoft, CEO at Microsoft Innovation Center Armenia, Program Development Officer at USAID/Armenia
- Davit Kocharyan: Regional Technical Evangelist at Microsoft Armenia, Co-Founder, Executive Director at developWay, Senior Software Developer at Nork Information-Analytical Center, Head of Programming Division at CHS Vericel Service

Collectly (Series A):
- Levon Brutyan (YC W17): Regional Manager CIS & Eastern Europe at Creditreform, Lawyer at Schulze, Brutyan and partners, Project manager at DaimlerChrysler RUS, Junior Lawyer at Schulze, Brutyan and partners

ActiveLoop (Series A):
- Davit Buniatyan (YC S18): UCL (Bachelor of Computer Science), Princeton University (PhD, Computer Science)

Cognaize (Series A):
- Vahe Andonians: Founding Partner at Estating, Senior Lecturer at Frankfurt School of Finance & Management, Founder at SCDM

EasyDMARC (Series A):
- Gerasim Hovhannisyan: Director, IT infrastructure Operations at Picsart, Team Lead of Network Administration Group at Ameriabank, Administrator at Areximbank
- Avag Arakelyan: Technical Lead (Backend and Website) at Picsart, Senior Backend Developer at Synergy International Systems

Krisp (Series A):
- Davit Baghdasaryan: Head of Product Security at Twilio, Director, Advanced Technology at Nok Nok Labs (US), Security Architect, Sr. Software Engineer, Validity Sensors, Inc. (US), Software Architect, Hitegrity
- Arto Minasyan: CEO at Sticker Market, Inc., CEO at Web-Dorado (Armenia), Managing Partner at InfoExpert (Armenia)

Podcastle (Series A)
- Arto Yeritsyan: VP of Engineering at Picsart, Co-Founder at Coding Records, Technical Lead at Be2 (Germany)

Softr (Series A)
- Mariam Hakobyan: Head of Technology at Scout24 Group, Cohort Member BE2 at Entrepreneur First, Fellow at Included VC
- Arthur Mkrtchyan: Director of Engineering at Zalando, CTO/CPO, Collabary by Zalando, Director of Data and Analytics at GameGenetics, Software Engineering Team Lead at PayPal

#TopArmenianStartups #FounderProfiles #Patterns

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πŸš€ Krisp Unveils SDK to Enhance AI Voice Agent Communication

Krisp has launched its Noise Cancellation SDK, designed to enhance turn-taking, speech recognition accuracy, and interrupt-handling for AI voice agents. By eliminating background noise and secondary voices, this SDK ensures seamless, uninterrupted conversations between humans and AI.

Key Features:
- Real-time background noise & voice removal
- Improved voice activity detection (VAD)
- Server-side & on-device deployment options
- Integrations available for Python, Node.js, JavaScript/WASM & more

Already powering Vodex, Fixie (Ultravox), Daily, LiveKit, Fluidworks, and Synthflow, Krisp’s technology is setting a new standard for AI-driven voice interactions.

πŸ“’ Learn more & request a demo: krisp.ai/developers

The press release was published on March 20 - what a perfect birthday gift for Krisp’s co-founder Davit Baghdasaryan! πŸŽ‰ Happy birthday, Davit, and congratulations to the Krisp team! πŸ™Œ

#AI #VoiceTech #KrispAI #Innovation #SuccessStory

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πŸš€ Save the Date: Sevan Startup Summit 2025!

Mark your calendars - Sevan Startup Summit 2025 is happening from July 20 to 26! πŸŒŠπŸ•οΈ

The SSS team has announced that registration will open very soon!

One of the best startup events you don’t want to miss! πŸ”₯

#Sevan25 #SevanStartupSummit #HaveFun #StartupEcosystem

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Armenian Code Academy, STEP Consulting LLC, and Technological Education Foundation published their Armenia’s Tech & Startup Ecosystem Overvew for 2025πŸš€πŸ“Š

Key Highlights:

β€’ 1,253 active tech companies in Armenia
β€’ 58,700 professionals are employed in tech sector
β€’ $2.3B industry turnover in 2024
β€’ 7% of GDP from ICT – a significant contributor to the GDP
β€’ $120M+ in startup funding in 2024 – Great year with multiple Series A & B rounds.
β€’ πŸ¦„ ServiceTitan IPO on NASDAQ – The first Armenian-founded startup to go public, valuing at nearly $10B.
β€’ Plug & Play’s entry into Armenia – A huge milestone for the country!

πŸ”— Donwloand the full report here: https://bootcamps.aca.am/insights

#ArmeniaTech #StartupEcosystem #Investment #TechGrowth #Innovation

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3N Startups
Armenian Code Academy, STEP Consulting LLC, and Technological Education Foundation published their Armenia’s Tech & Startup Ecosystem Overvew for 2025πŸš€πŸ“Š Key Highlights: β€’ 1,253 active tech companies in Armenia β€’ 58,700 professionals are employed in tech…
Quick observation here is that the revenue per employee in tech sector is $39K while the country's GDP per capita is $8K (2023, World Bank) - almost 5x difference! This underscores why tech is a key driver of economic growth, bringing higher productivity, wages, and global competitiveness.
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a16z speedrun: Up to $1M for Founders Building the Future of AI & Entertainment!

a16z speedrun backs global startups innovating in AI, creative tools, gaming, XR, streaming, and next-gen entertainment.

Why Apply?
- Up to $1M in funding
- 12-week program with expert guidance
- Exclusive community & connections
- Demo Day during SF Tech Week
- $10K reimbursement for hosting an event at Tech Week

Early Access Deadline: March 30, 2025
Program Dates: July 28 – October 10, 2025 (Los Angeles)

Apply now for a fast-track review & priority consideration: https://sr.a16z.com/techweek/

#AI #Startups #Funding #a16z #Speedrun #TechInnovation

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πŸš€ Please support Podcastle's campaign on Product Hunt!

Podcastle is live with their Asyncflow v1.0 - a proprietary AI model designed to deliver high-quality AI voices with lower training & inference costs.

What’s New?
1000+ AI Voices – Convert text to speech in seconds with diverse accents & styles
Voice Cloning – Create a high-quality voice clone in just 10 seconds
AI Voice API – Premium, expressive voice quality at an optimized cost

πŸ‘‰ Upvote, comment and share - https://www.producthunt.com/posts/ai-voices-by-asyncflow-v1-0

#AI #VoiceTech #Podcastle #CallForCommunitySupport

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πŸ“’ Armenia’s AI leap: how open access and strategic alliances could supercharge a small country’s high-tech future

Armenia is prioritizing AI and deep tech, having in mind there is no barrier to innovation. Here are the key takeaways from the article by Suzanna Shamakhyan, executive director of FAST:

Notable Developments:
β€’ Armenia initiated a partnership with Mistral AI, aligning with Europe’s AI ecosystem.
β€’ ServiceTitan, a unicorn co-founded by Armenian-Americans, IPO-ed in Dec 2024.
β€’ NVIDIA operates in Armenia, while SpaceX’s Starlink is set for nationwide deployment.

Education:
β€’ FAST’s Generation AI program aims to reach 85% of high school students by 2026.
β€’ TUMO’s success model has expanded globally to Paris, Berlin, and beyond.

The Global Context:
β€’ Armenia ranks 63rd in the Global Innovation Index.
β€’ The country attracts tech talent from Russia, much like Israel did in the β€˜90s.
β€’ AI-driven education and diaspora-led funding are fueling the rise of new startups.

Read the full article here: https://neweasterneurope.eu/2025/03/25/armenias-ai-leap-how-open-access-and-strategic-alliances-could-supercharge-a-small-countrys-high-tech-future/

#AI #TechEcosystem #ArmeniaTech #DeepTech #Innovation
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πŸš€ Armenian Early-Stage Startups - this is for you!

EU4Innovation East announced call for applications to support a select number of Armenian early-stage startups in showcasing their innovations at GITEX Europe 2025 - πŸ‡©πŸ‡ͺ Germany’s premier tech and investment event.

Why Apply?
β€’ Connect with 1,200+ investors, industry leaders, and policymakers
β€’ Gain international exposure in the πŸ‡ͺπŸ‡Ί European innovation ecosystem
β€’ Compete for €100,000 in equity-free funding at the Supernova Challenge
β€’ Receive a participation package worth €2,500

πŸ‘‰ Apply now: https://bit.ly/4c1zIHg

πŸ’‘ Take your startup global!

EU4InnovationEast is implemented by Expertise France, funded by the European Commission, and co-funded by the French Ministry of Economy & Foreign Affairs.

#ArmenianStartups #GITEXEurope2025 #EquityFreeFunding #EU4InnovationEast

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As the minister of the high-tech industry of Armenia announced Starlink is officially available in Armenia!

Great news as this marks an important milestone of tech infrastructure development in Armenia.

Thanks and congratulations to all whose efforts helped to make it happen 🀝

#Starlink #Infrastructure #Connectivity

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πŸš€ Braze Acquires AI Decisioning Company OfferFit for $325M

Braze (NASDAQ: BRZE), a leading customer engagement platform valued at $3.9B, is acquiring OfferFit, the AI-driven decisioning company founded by George Khachatryan.

OfferFit has transformed personalized customer journeys, replacing A/B testing with continuous, automated experimentation. With this acquisition, Braze will supercharge AI-driven Journeys, Content, and Incentives, leveraging cutting-edge transformer architectures.

The deal is set to close by July 31, 2025.

πŸŽ‰ Another Armenian founder celebrates a successful exit! A huge congratulations to the OfferFit team on this milestone!

Read more:

https://www.investing.com/news/company-news/braze-acquires-ai-firm-offerfit-for-325-million-93CH-3952976

https://offerfit.ai/content/blog-post/offerfit-is-joining-braze

#Braze #OfferFit #Exit #SuccessStory

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πŸš€ BANA is accepting applications for its next pitching sesion!

Early Stage Startups this is a great opportunity for you. BANA next pitching session is open for applications.

If you have an MVP and an initial traction, this is your chance to pitch to BANA angels and take your startup to the next level.

πŸ“… Deadline: April 10, 2025
πŸ”— Apply here:https://forms.gle/9zuCH6dgJmz9wowbA

Good luck!

#StartupPitching #BANA #AngelInvestment #ApplyNow

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STAN is accepting applications for its upcoming Pitching Session in Los Angeles!

Date: May 15, 2025
Location: CBRE, 234 S Brand Blvd Suite 800, Glendale

STAN looks for early-stage startups from LA, Armenia, and beyond with well-defined projects and initial traction.

Specific priorities:
- Experienced & ambitious founders looking for capital and hands-on angel support
- Deep-tech innovators tackling high-risk, high-reward challenges
- Startups led by female founders

STAN's Chapter in Los Angeles is launched and run in partnership with Triple S Ventures.

Application Deadline: April 13, 2025
Apply now πŸ‘‰ https://shorturl.at/QSMNX

#STAN #TripleSVentures #LA #PitchingSession

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πŸŒ„ Dear Founders:

Join a free 3-day retreat in Tumanyan, Lori happening on April 18–20, 2025.

What to expect:
- Deep work time in a brand-new Abastan coworking space
- Inspiring hikes & local culture
- Authentic convos with fellow founders

Event highlights:
- Hikes to Kobayr Monastery & Tumanyan Loop Trail
- Visit to the Matchbox Label Museum
- Failure stories & founder circle discussions
- Community meals + cozy hostel stay included

Only 15 spots available β€” register now: https://www.tumanyan.town/founder_retreat

#FounderRetreat #TumanyanTown #LoriRegion #DeepWork #StartupCommunity #AbastanCoworking

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πŸ“£ PyData Yerevan – April Meetup Alert!

PyData organizes its netxt meet-up on Methods to Increase the Amount of Data for Speech Recognition for Low-Resource Languages.

Speakers:
Alexan Hayrapetyan – Conversational AI Intern, NVIDIA
Ara Yeroyan – Individual Contributor

Participants will explore practical, cost-effective strategies to improve speech recognition for underrepresented languages, including: Crowdsourcing speech data; Using audiobooks as training material; Pseudo-labeling YouTube content and more.

Date: April 17, 2025
Time: 7:00 pm
Venue: πŸ¦„ Picsart, Yerevan

Book your spot here πŸ‘‰: https://forms.gle/tWVoKiAj14KYuGGw5

If you’re interested in speaking at a future PyData Yerevan meetup, sign up here: https://forms.gle/QL7CXWvBnhYN8NFH6

#PyDataYVN #SpeechRecognition #LowResourceLanguages #MachineLearning #AI4Good #NLP #YerevanTech

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πŸš€ Master the Art of Startup Hiring!

This webinar is designed for the Founders, CTOs, VPs and Talent Acquisition leaders!

Join the live virtual panel with top Tech, Business & Talent leaders as they share expert strategies on scaling startup teams, avoiding hiring mistakes, and attracting top-tier talent.

Date: April 22, 2025 at 11 AM PST (April 22 at 10 pm Armenia time)
Register here πŸ‘‰: https://hireclout.com/webinar/

Meet the Panel:
- Avetis Antaplyan, CEO @ HIRECLOUT (Host & Moderator)
- Yolanda Arrey – Former TA leader @ Meta, Fivetran, Workday
- Phi Vo – Startup builder & cross-functional team leader
- Peter Renault – Executive hiring & leadership search expert

What You’ll Learn:
- Build a hiring plan aligned with your growth stage
- Create a compelling employer brand
- Retain talent during hypergrowth
- Avoid common hiring mistakes
- Build scalable, high-performing teams

#TalentStrategy #HIRECLOUT #StartupGrowth #TeamScaling

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