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Armenian Startup Ecosystem News Channel
by Ruben Osipyan @rubenosipyan
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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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πŸš€ Apply for 2025 Sony Women in Technology Award with Nature!

Sony Group Corporation and Nature invite early- to mid-career women researchers to apply for the second edition of Sony Women in Technology Award.

What’s in it for you?
β€’ $250,000 prize for each of the three awardees
β€’ Global recognition on Nature.com
β€’ Invitation to the award ceremony in Tokyo
β€’ Opportunity to accelerate your research and career

Who can apply?
β€’ Early to mid-career women researchers
β€’ Working in academia, research institutions, or university spinouts
β€’ No PhD required

πŸ“… Deadline to apply: May 30, 2025, 23:59 UTC
Learn more and apply here: https://womenintech-award.sony.com/

#WomenInTech #TechForGood #SonyWomenInTechnology #NatureResearch

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πŸ“’ Key Updates from Armenia’s Innovation Ecosystem

πŸ‡¦πŸ‡· TUMO is expanding in Argentina and and none other than Leo Messi showcased TUMO on his social media!

🌍 Neruzh 6.0 is accepting applications by May 30 - hurry up to apply!

πŸ‡¦πŸ‡² The Government of Armenia is allocating 200 million AMD ($500K) to support the Sevan Startup Summit 2025 ⛡️!

#EcosystemNews #KeyUpdates

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πŸ“’ Apply to join Y Combinator’s Summer 2025 Batch!

YC’s next batch will run from June to September 2025 in San Francisco. Join one of the most renowned startup accelerators in the world β€” the program that helped launch Airbnb, Stripe, Reddit, and many more.

On-time application deadline: May 13, 2025 at 8pm PT
Location: In-person in San Francisco

Why Apply:
β€’ Receive investment immediately after acceptance
β€’ Get hands-on guidance from YC General Partners β€” all former founders
β€’ Join a powerful alumni network with a strong pay-it-forward culture
β€’ Participate in weekly in-person meetups and fireside talks
β€’ Raise follow-on funding via YC’s global investor network

Apply as soon as you’re ready: https://www.ycombinator.com/apply

#YCombinator #StartupFunding #YC2025 #Accelerator

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Armenia: Silicon Valley of the Caucasus?
BBC World Service
🎧 Armenia: Silicon Valley of the Caucasus?

Rayhan Demytrie of BBC Business Daily explores Armenia's efforts is turning into a tech hub with global ambitions.

πŸŽ“ From Armath labs - where 11-year-olds build smart homes - to Doctor Yan, Armenia’s first doctor-patient matchmaking platform, the episode highlights how tech education and founders are shaping the future.

With 600+ Armath labs having 17K students and 9K alumni, and a growing startup scene fueled by diaspora ties, Armenia is creating talent to build globally competitive innovation.

πŸ‡¦πŸ‡² β€œWe want Armenia to become a tech powerhouse,” says Sargis Karapetyan, CEO of UATE.
πŸ“ˆ Doctor Yan is growing 25% monthly and is eyeing expansion into Central Asia.
🀝 SmartGate VC and Armenia Startup Academy are enabling global scale from Day 1.

πŸŽ™οΈ Catch the full episode on BBC Business Daily (attached).

#ArmeniaTech #BBCBusinessDaily

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The POCTRN network announced six new award opportunities to foster groundbreaking advancements in health technology.

They seek applications from academic and industry applicants who have innovative point-of-care technologies in areas of chronic disease, infectious disease and disease prevention, such as cancer detection, heart, lung, blood, and sleep disorders, STIs, emerging infectious disease in low-resource settings, and more.

Each center offers unique awards, with the potential for awards to reach up to $150,000. Successful applicants may also receive 12 months of in-kind support services.

Applications are due on June 6, 2025.
Learn more and apply here: https://www.poctrn.org/solicitation-2025

#HealtTech #Innovation #Awards #Competition

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Angel Investor Club of Armenia (AICA) announced call for applications for AICA’s 25th Pitching Session.

This session provides early-stage startups with an opportunity to share their vision with a network of angel investors and ecosystem partners. It’s a platform to gain exposure, receive valuable feedback, and take a step forward in your entrepreneurial journey.

To apply send your pitch decks and other information to ventures@aica.social

For more details check on https://aica.social/

#AICA #PitchingSession #Investment #Funding #ApplyNow

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Manychat raised $140M in a Series B led by Summit Partners to expand its AI capabilities and global reach πŸ”₯

With 1.5M customers including Nike and the New York Times, Manychat focuses on automating engagement across platforms like Instagram, TikTok, and WhatsApp. Manychat plans to further enhance personalization to tap into growing social commerce trends.

Manychat is co-founded by Mikael Yang, son of Yerevan-born David Yang - serial entrepreneur, co-founder of Ayb School and many other philantropy initiatives in Armenia and in global Armenian Community.

Congrats to Manychat on this great news!

Sources: TechCrunch, Economy of Armenia

#Manychat #Investment #SuccessStory #SeriesB

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Top IT Taxpayers | Q1 2025 - Analysis by Modex πŸ“ˆ

- In Q1 2025, 76 IT companies were among Armenia’s 1000 largest taxpayers, contributing AMD 19.0 billion to the state budget - a slight decrease compared to 2024.
- These companies accounted for 3.4% of total tax revenues.
- Synopsys Armenia led in profit tax contributions, paying 14.1% (AMD 205M) of the sector’s total.
- 11 out of the top 20 IT companies saw tax payments decrease, with Veeam Armenia showing the biggest drop, primarily due to reduced income tax payments.

This list has two startup:
πŸ¦„ Picsart - Armenia’s first unicorn
πŸ¦„ ServiceTitan - LA based unicorn founded by Armenian entrepreneurs

Hope to see more startups in this list while they are scaling to Series A and beyond, and transition from product development to revenue generation.

πŸ“Œ Source: Modex

#Modex #TopITTaxpayers #Analytics

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πŸš€ New Investment Alert

Alchemist Doha announced investment in Denovo Sciences β€” a deep tech startup transforming drug discovery with reinforcement learning-based molecule generation. Their AI platform unlocks breakthroughs where traditional data-driven models fail, with potential to redefine how we tackle complex diseases.

Congrats to the entire Denovo Sciences team and all their early supporters!

#AI #DeepTech #DrugDiscovery #DenovoSciences #Investment #SuccessStory

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πŸ‡ΊπŸ‡ΈπŸ‡¦πŸ‡² US Embassy in Yerevan shared this post showcasing the General Manager of πŸ¦„ServiceTitan Armenia Ashot Tonoyan and emphasizing how the partnership in tech sphere can drive growth in both countries.

Hope to see more content like this from the Embassies in Armenia showcasing the success of innovation with Armenian background globally.
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ViralMango has been crowned β€œMarketing Startup of the Year” by HackerNoon β€” among 8,000 contenders worldwide!

This recognition is a testament to the team’s dedication and customer-first mindset in building a standout influencer marketing platform. Congrats to Rem Darbinyan and the entire ViralMango team on this incredible milestone! 🧑

ViralMango helps creators get brand deals with an auto-updating digital portfolio of their work and stats, expertly crafted to impress. ViralMango’s Influencer Intelligence ensures the best brand-creator matchmaking, using data-driven insights to connect creators with the perfect Brands for collaboration.

Learn more here: https://hackernoon.com/startups/industry/marketing

#ViralMango #SuccessStory

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πŸ“£ Armenian founders: Looking to expand to EU?

Digital Explorers II is offering a fast-track soft-landing in πŸ‡±πŸ‡» Latvia - your gateway to the πŸ‡ͺπŸ‡Ί EU market.

With lower costs, faster access to EU markets, and real founder-focused support (grants, accelerators, mentoring), Latvia offers an efficient path to scale. Through the Digital Explorers II program, you’ll get everything you need to launch in Europeβ€”without burning your runway.

Apply by May 26 πŸ‘‰ https://apply.workable.com/digitalexplorers/?lng=en

This initiative is supported by STAN and ESTDEV.

#ArmenianFounders #DigitalExplorers #Latvia #STAN #ScaleGlobal #StartupEcosystem #EU

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Attracting Cross-border Investments to Armenian Tech Sector

Samson Avetian authored an op-ed discussing an untapped potential of deeper collaboration between Armenia and EU in tech sphere. The article showcases Armenian startup ecosystem, notable ecosystem players, initiatives and programs. Worth noting that the article discusses a joint project of 3 Armenian angel networks - Angel Investor Club of Armenia (AICA), BANA Angels, and Science & Technology Angel Network (STAN) that will be hosting Gateway to EU Congress in Armenia on Sep 18 and 19 this year.

Learn more here: https://www.intellinews.com/comment-europe-could-benefit-from-partnering-with-armenian-tech-innovation-378858/

Thanks to The Armenia Project for the support in making this article happen.

Photo Credit: Taken from the article

#SamsonAvetian #OpEd #EU #Scaling #ArmenianEcosystem

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