Myth AI Secures $1.3 Million in Seed Funding for AI-Powered Design Tool. 💰

Myth AI, a groundbreaking AI design tool, recently secured $1.3 million in seed funding from angel investors Birkan Kül, Emre Kozlu, and Faik Ulutas. Founded in November 2020 with Tübitak 1512 support by Özgecan Üstgül, Myth AI had previously received a $2.5 million valuation from Keiretsu Forum Turkey angel investors in December 2022. This funding marks a significant milestone for the company's growth.

Myth AI's Cutting-Edge Offerings

At the core of Myth AI's success lies its AI-powered design tool, revolutionizing pattern creation through visual or written commands. The tool not only sparks creativity but also digitizes the production process, leading to substantial reductions in water, time, energy, raw material, and chemical usage for companies embracing this innovative technology.

Impressive Clientele and Market Expansion

Myth AI has been making waves, serving a distinguished clientele in Turkey and Europe, including renowned brands like Ratti, Telater, Sun Textile, and more. The company's strategic move into the UK market in early 2023 was fueled by a vision for global expansion.

The recent $1.3 million funding injection is earmarked for solidifying operations in the UK, exploring new markets, and setting the stage for Myth AI's entry into Asia and the US in 2024.

Sustainability at the Core

Myth AI, with its advanced technology, minimizes resource consumption, transforming design processes and promoting eco-friendly practices for a greener future. With successful seed funding, the company aims for significant growth, targeting Asian and American markets in the coming year.

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Big Bang Startup Challenge 2023 Was a Record-Breaking Event for Turkish Entrepreneurs.🇹🇷🗻

The 2023 Big Bang Startup Challenge, hosted by ITU ARI Technopolis, celebrated Turkish entrepreneurs, awarding an impressive 1.28 billion TL in prizes and investments—a significant leap from the previous year's 341 million TL, showcasing the robust growth of the Turkish startup ecosystem.

The event highlighted startups across eight sectors like health, education, energy, and agriculture. They pitched ideas to judges, investors, and a large live audience. ITU Çekirdek, named the world's best university incubator, supports 500 startups annually, with 40 chosen for an exclusive incubation program post-event.

The 2023 Big Bang Startup Challenge celebrated collaboration and innovation in the Turkish startup ecosystem. ITU ARI Technopolis, with its partners, mentors, and investors, has supported entrepreneurs for 20 years and will continue to do so.

Turkcell's "Gönül Bağı" Project: A Lifeline for Earthquake Survivors

Turkcell, Turkey's top mobile operator, launches "Gönül Bağı" Project to aid earthquake-affected regions, focusing on education, employment, and community development for survivors.

The "Future Makers Program" in Hatay provides digital skills and entrepreneurship training, awarding certificates and internships at Turkcell. Another initiative, in collaboration with TÜBİSAD, offers a coding education program, granting certificates to students in Technological Education Classes from two schools.

Turkcell's CEO, Dr. Ali Taha Koç, pledges support for 1,100 job placements and education for 7,000 individuals in earthquake-affected areas. The "Gönül Bağı" Project underscores Turkcell's commitment to social responsibility and skill development in software, testing, robotics, cloud tech, sales, and marketing.

#BigBangStartupChallenge #Turkcell #Turkey #ITU #TUBISAD