Turkish AI-backed Startup Worth Almost $2 Billion in Funding (2)

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.

WATCH: Insider CEO and co-founder Hande Cilingir speaks about the AI-backed marketing platform.

Source: Bloomberg

“Although the multiples in the world have decreased, Insider’s valuation has increased due to its growing numbers,” Insider chief executive officer and co-founder Hande Cilingir said in a Bloomberg TV interview at the Qatar ...