Approximately $105 million was raised during the funding round.
Insider, a Turkish AI-powered marketing platform, demonstrated how AI businesses are resisting the global tech slowdown by raising roughly $105 million while having a funding round valued at close to $2 billion.
The proceeds will be used exclusively for acquisitions.
The cash, according to Insider, came from the Istanbul Buyout Company and the Qatar Investment Authority.
The business will invest money in growth, anticipates one or two US and European market acquisitions to advance its technology, and intends to think about an IPO in 2025 or 2026.
Artificial intelligence is used by the Insider platform to forecast future consumer behavior. There are more than 1,200 of her clients worldwide.