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Sequoia, Qatari Wealth Fund Back Turkish Tech’s Latest Unicorn

  • Insider is valued at $1.22 billion in recent investment round
  • Startup becomes Turkey’s fifth unicorn in technology

Qatar’s sovereign wealth fund led a funding round for Insider PTE, valuing the Turkish artificial intelligence startup at $1.22 billion as global funds channel more cash into Turkey’s up-and-coming technology firms.

Insider Pte Ltd got $121 million in financing from Qatar Investment Authority in the Series D round, as well as from Sequoia Capital Operations LLC, Riverwood Capital LLC, Wamda Capital, Endeavor Catalyst Inc., Esas Holding AS and 212 Capital Partners, according to an emailed statement from the company.