Telescope, a London-based Turkish artificial intelligence startup, has received investment at a valuation of $4 million. The Turkish startup offers predictions for the next period by saving up to 40% in digital media spending of organisations and measuring the success of their campaigns. The marketing-oriented artificial intelligence startup serves with SaaS and Enterprise solutions. The startup has a customer portfolio in 10 different countries. Investors in the startup are Turkish angel investors and Marketing Group, which provides international services.
Also See: Fintech Startup Ramp Receives $300 Million Investment
Telescope Aims to Be the Best Globally
Telescope predicts that the annual budget allocated by organisations in the global market for digital marketing communications will be over 450 billion dollars in 2023. Thanks to Telescope, companies can predict the performance of their campaigns according to the macroeconomic data of the country they are in and save budget. Telescope, which offers its customers suggestions on which digital platforms, especially Google and Meta, can be used for stronger communication, brings the best and most suitable campaign pool for companies together with its users by evaluating the competitor situation.
Thanks to artificial intelligence technologies, we are able to develop tailor-made results for each of our customers by focusing on consumer behaviour. Our algorithms become even more powerful and unique with the macroeconomic indicators and competition data of countries. We will continue to offer human and society-oriented predictions with artificial intelligence technologies. It is very important to differentiate in this period when only one consumer is exposed to advertising communication with over 10 thousand different stimuli per day. This differentiation is based on data and the unpredictable behaviour of consumers. We fill this gap with Telescope. We are fully motivated to be the most accurate and fastest companions that offer the most accurate and fastest solutions in decision-making processes in the digital world from the eyes of small companies to corporate companies globally. We are taking firm steps towards becoming the best in our field globally within two years with this motivation.
Soner Ergen, Co-Founder and CEO of Telescope