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Armenian Startup Ecosystem News Channel
by Ruben Osipyan @rubenosipyan
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Noubar Afeyan and Moderna Honored with National Medal of Technology and Innovation by the President of the United States

Dr. Noubar Afeyan, Co-Founder and Board Chairman of Moderna, Founder and CEO of Flagship Pioneering was awarded the prestigious National Medal of Technology and Innovation by Dr. Arati Prabhakar, Director of the White House Office of Science and Technology Policy (OSTP), in a ceremony held at the Eisenhower Executive Office Building on January 3, 2025.

This award recognizes Moderna’s groundbreaking contributions to biotechnology, specifically the development of mRNA-based Covid-19 vaccines that a critical role in combating the global Covid-19 pandemic.

Dr. Afeyan is a visionary who co-founded FAST, Aurora and other initiatives to support Armenia’s scientific, cultural, and humanitarian development.

Join us in celebrating the recognition of Dr. Afeyan's contribution to innovation globally.

#NoubarAfeyan #Moderna #SuccessStory

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🚀 BANA Angels Back Prodmap AI!

Source: BANA Angels LinkedIn Post

BANA Angels invested in Prodmap.ai, an AI-powered platform that automates the entire product development cycle, transforming ideas into market-ready products with speed and precision. From AI-driven roadmap planning to real-time execution insights, Prodmap.ai helps teams prioritize smarter, execute faster, and build better.

🎉 Congrats to Prodmap.ai and BANA Angels on this exciting milestone!

#BANAAngels #Investment #ProdmapAI #SuccessStory

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🚀 BANA Angels Back Prodmap AI! Source: BANA Angels LinkedIn Post BANA Angels invested in Prodmap.ai, an AI-powered platform that automates the entire product development cycle, transforming ideas into market-ready products with speed and precision. From…
🚀Prodmap.ai Secures Another Investment—This Time from Formula VC! 

Fresh off its recent funding from BANA Angels, Prodmap.ai has now raised $200,000 from Formula VC II, and it’s starting to feel like momentum is building fast.

With AI-driven roadmap planning and real-time execution insights, Prodmap.ai is making serious steps in product development. At this pace, we can’t wait to see what’s next!

👏Congratulations to Prodmap.ai and Formula VC on this exciting journey! Source: Formula VC’s LinkedIn post.

#FormulaVC #Investment #ProdmapAI #SuccessStory

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🚀 STAN & Triple S Ventures Announce Co-Investment in My Town AI!

STAN and Triple S Ventures have co-invested in My Town AI, marking the first investmend done in the scope of STAN’s Los Angeles Chapter, launched in partnership between STAN and Triple S Ventures.

My Town AI is transforming small-town management by integrating AI, municipal data, and low-cost digital twin technology. Their solution enhances local government operations, empowering understaffed communities with real-time insights for smarter, faster decision-making and improved productivity.

Learn more about the deal and startup here.

🎉 Congrats to the investors and the My Town AI team on this exciting step forward!

#TripleSVentures #STAN #Investment #STANLAChapter #SuccessStory
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Podcastle Unveils their AI Text-to-Speech Race with Asyncflow v1.0! 🚀

Podcastle launched AI-powered text-to-speech functionality with its newly launched Asyncflow v1.0, offering 450+ AI voices and a developer-friendly API for seamless app integration.

Two Major Breakthroughs:

Unlimited Voice Generation from Prompts: You can generate unlimited voice skins from simple prompts. Premium-quality voices are delivered at dramatically more accessible prices than anyone else in the market.

3-Second Voice Cloning with Perfect Fidelity: The model can clone a voice from just 3 seconds of audio! It captures the entire voice signature - pitch, prosody, timbre, intonation, accent - allowing you to create an unlimited number of personalized voice variations with different moods and styles.

Learn more about this breakthrough on TechCrunch arcticle.

Source: LinkedIn post of Podcastle's Founder & CEO Arto Yeritsyan.

Amazing to see this happening - congrats to Podcastle team on this milestone! 👏

#TextToSpeech #Podcastle #Asyncflow #SuccessStory

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SupperAnnotate announces collaboration with NVIDIA 🎉

SuperAnnotate is taking AI model evaluation to the next level by integrating NVIDIA NeMo Evaluator, a cutting-edge microservice designed to benchmark generative AI models and streamline data quality management. This collaboration aims to address a major challenge in AI development: ensuring high-quality data at scale while balancing cost, speed, and accuracy.

Read more about the partnership here: https://www.superannotate.com/blog/superannotate-nvidia

#SuperAnnotate #NVIDIA #SuccessStory

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🚀 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! 📈

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

🎉 Congratulations to STAN Angels and the startup on this milestone!

#STAN #AngelInvestment #SuccessStory #Investment

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🚀 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.

📢 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! 🎉 Happy birthday, Davit, and congratulations to the Krisp team! 🙌

#AI #VoiceTech #KrispAI #Innovation #SuccessStory

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🚀 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.

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

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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🚀 New Investment Alert

Alchemist Doha announced investment in Denovo Sciences — 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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ViralMango has been crowned “Marketing Startup of the Year” by HackerNoon — 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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Plug & Play announces first investment following their first accelerator program in Armenia 🇦🇲!

Plug and Play announced their investment in ProdMap, one of the participants from the first Plug and Play batch in Yerevan, Armenia. This is an important step forward for Armenia’s innovation ecosystem.

Congrats to the ProdMap team and the Plug and Play Armenia team for this exciting moment! 🙌

📌 Read more: https://www.plugandplaytechcenter.com/venture-capital/investment-announcements/prodmap-investment

#PlugandPlay #ArmeniaStartups #ProdMap #Investment #SuccessStory

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STAN Angels invested in SimCare AI (YC S24)!

STAN announced investment in SimCare AI, a YC backed startup.

SimCare AI creates AI patients for better clinical training ops. Students and healthcare providers practice with their AI patients to build skills and get evaluated.

Notably, previously Triple S Ventures announced investment in SimCare AI co-investing along with Y-combinator and other investors of SimCare's seed round.

#Investment #STAN #TripleSVentures #SimCareAI #SuccessStory

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🦄 Welcome a New Unicorn: Gecko Robotics!

Gecko Robotics announced that it raised $125M in a Series D round, pushing its valuation to $1.25B!

Founded by Armenian-American Jake Loosararian from a college dorm room 12 years ago, Gecko Robotics turned into a billion dollar company, with AI and robotics transforming the built world. The company has raised $347M to date from investors including Cox Enterprises (lead), USIT, XN, Founders Fund, and Y Combinator.

The Series D funding round was led by new investors, Cox Enterprises, with continuing investors USIT, XN, Founders Fund and YCombinator.

Congratulations to the entire Armenian startup ecosystem as another startup founded by an Armenian founder joined the Unicorn League!

Sources: CNBC, Gecko Robotics
Photo Credit: Gecko Robotics' LinkedIn post.

#GeckoRobotics #Unicorn #JackLoosararian #SuccessStory #ArmenianEcosystem

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🚀 Another Armenian-Founded Startup Raises Series A Round!

Congratulations to the team at Synthflow AI on raising a $20M Series A round led by Accel, with participation from Atlantic Labs, Singular, and early backers including BigStory VC! 🎉

Synthflow, is a Berlin-based startup co-founded by Hakob Astabatsyan was launched in 2023. The startup is already powering 5M+ voice AI customer service calls monthly for over 1,000 enterprise clients. The platform boasts 90%+ enterprise retention and deep integrations with 200+ tools like Salesforce, HubSpot, and Twilio. This brings Synthflow’s valuation to new heights as it competes in the rapidly growing $50B conversational AI market.

Proud to see another success of the Armenian tech founders. Congrats to the startup and early supporters! 🌍🇦🇲

Source: TechCrunch — https://techcrunch.com/2025/06/11/voice-ai-startup-synthflow-raises-20m-led-by-accel/

#SeriesA #SuccessStory #SynthflowAI

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Regional Post Caucasus features 6️⃣Armenian-founded unicorns - companies with a valuation of over $1B:

🦄 ServiceTitan
🦄 Moderna
🦄 Reddit
🦄 Picsart
🦄 Gecko Robotics
🦄 Indigo Ag

It also spotlights five promising Armenian-founded startups - likely future unicorns:
🔥SuperAnnotate
🔥DISQO
🔥Krisp
🔥Podcastle

Read the full article here: https://regionalpost.org/en/articles/armenian-entrepreneurial-excellence.html

P.S. The list of promising startups could include startups like CodeSignal, Britive, Hercules AI, ActiveLoop, Softr, Synthflow, Collectly but nontheless it is a great Friday read.

#ArmenianStartupEcosystem #Diaspora #Unicorns #Soonicorns #SuccessStory

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🚀 Armenian-founded Trag joins Aikido!

Trag is an LLM-native code review engine that thinks like a senior engineer — understanding repo-wide context, logic, readability, and performance (not just regex rules).

Now as part of Aikido, the team has launched Aikido Code Quality:

- Turn “tribal knowledge” into enforceable rules
- Enforce team conventions in plain language
- Catch subtle risks legacy scanners miss
- Deliver feedback developers actually use

Congrats to Khachatur Virabyan and entire Trag team, early supporters and investors on this milestone!

🔗 Learn more about the future of AI Code review with Willem Delbare & Khachatur Virabyan. RSVP here: https://lu.ma/aikidoxtrag


#Trag #SuccessStory #Acquisition #Aikido

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🚀 Armenian startup Wirestock raised a $23M Series A after a major pivot into AI data infrastructure

Photo & News Source: Techcrunch


Originally known as a platform helping photographers monetize content on stock marketplaces, Wirestock repositioned itself into a supplier of multimodal datasets for leading AI labs.

Some impressive stats:
• 700K+ creators on the platform
• Supplying data to 6 major foundation model companies
• ~$40M annual run-rate revenue
• $15M already paid to contributors

Congrats to Wirestock team on this milestone 👏

#Wirestock #Investment #SuccessStory

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🚀 Armenian-founded Netris has raised a $15M Series A led by Andreessen Horowitz (a16z).

Source: SmartGate VC

The company builds networking software for AI infrastructure, enabling large GPU clusters to operate reliably across complex network environments.

Some impressive traction:
• 800% ARR growth over the past 12 months
• 35+ production deployments
• Customers include neoclouds, sovereign AI operators, and AI factories

Wonderful news for the startup, early investors and the whole Armenian ecosystem! Congrats to all of us 🙌

#SuccessStory #Investment #Netris

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