Turkish AI-backed Startup Worth Almost $2 Billion in Funding
- Existing investors QIA, Esas Private Equity provided funding
- CEO says the money will be used exclusively for acquisitions
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Insider, a Turkish artificial intelligence-backed marketing platform, was valued at almost $2 billion in a funding round that raised about $105 million, highlighting how AI companies are defying the global tech slump.
The company, founded in Istanbul in 2012 by six Turkish entrepreneurs, received the financing from the Qatar Investment Authority and Istanbul-based buyout firm Esas Private Equity, Insider said in a statement Wednesday.