Cerebrum Tech has received 50 million TL funding in the investment round in which both institutional and individual investors, especially Boğaziçi Ventures, participated. The Turkish startup, which offers products and solutions in many sectors such as finance, Web3, artificial intelligence, e-commerce, received an investment of 50 million TL at a valuation of 420 million TL. The Turkish startup will join the portfolio of BW Growth Venture Capital Investment Fund, which includes institutional and individual investors. In addition to Boğaziçi Ventures, Inveo Ventures Coinvestment Venture Capital Fund also participated in the investment round of the Turkish startup. Faruk Eczacıbaşı, one of the first investors of the startup, was among the individual investors.
Boğaziçi Ventures continued to make new investments without slowing down in 2023 with its strategy of investing in startup projects that are built with technology, which it defines as disruptive innovation, and that shape the future with constructive-disruption. Cerebrum Tech, which we joined among the investors with our BV Growth Venture Capital Investment Fund, has already taken its place among the most important projects of our portfolio. Boğaziçi Ventures has adopted the mission of investing in the future by focusing on projects that will add value instead of traditional investment management approach. As Boğaziçi Ventures, we believe in technology and technology entrepreneurs in our country. In all our investments, instead of only transferring financial resources, we continue to be with our portfolio companies on their journey as a team and support them with our knowledge, experience and network. As we continue to support Cerebrum Tech in its growth journey, we are very happy that we will build a new success story together in the entrepreneurship ecosystem of our country.Barış Özistek, Managing Partner of Boğaziçi Ventures
Cerebrum Tech Will Continue to Offer Innovative Solutions in AI Sector
As Cerebrum Tech, as we began our journey in 2021, we set our goals to contribute to the development of the technology entrepreneurship ecosystem in our country and to become a successful new generation technology company on an international scale. I believe that the agreement we have made with Boğaziçi Ventures will pave the way for us to take very valuable steps towards our goals. We will continue to develop innovative solutions by scaling our existing products for new generation technologies that are already shaping the future, such as artificial intelligence, to global markets.Dr Erdem Erkul, Founder and Chairman of the Board of Cerebrum Tech
Cerebrum Tech launched its artificial intelligence application called Cere last March. This application is developed with a 3D avatar. There are also corporate and personal versions of the application. In September, the company introduced Cere Insight. Cere Insight also offers innovative solutions for artificial intelligence. Cere Insight creates insights with large data sets. It summarises long documents uploaded with multi-file support. It enables the creation of customisable chatbots with seamless web integration. It also offers advanced LLM technology without the need for coding knowledge. The Turkish startup has offices in Istanbul, London, Ankara, Malta, Silicon Valley, Seoul, London and Rotterdam. The startup draws attention with its pioneering work in the fields of Web3, finance, e-commerce and industry.