The Economic Times, India
Oct 27 2023
YEREVAN (Armenia): Armenia's IT industry has been experiencing tremendous
growth and development and local startups including firms dealing with
ArtificialIntelligence are seeking active partnerships with Indian counterparts
and open chapters in South Asia’s biggest market.
growth and development and local startups including firms dealing with
ArtificialIntelligence are seeking active partnerships with Indian counterparts
and open chapters in South Asia’s biggest market.
Armenia has emerged as an attractive destination for technology companies and
startups, thanks to its favorable business environment, skilled workforce and
supportive government initiatives, local industry experts told ET.
startups, thanks to its favorable business environment, skilled workforce and
supportive government initiatives, local industry experts told ET.
Armenia is home to some of the most industry disrupting startups in the medical crypto, AI, and design fields. With a
large pool of tech talent and a history of noteworthy astrophysicists and chess grandmasters, it is no surprise that there
are so many successful innovative tech startups.
large pool of tech talent and a history of noteworthy astrophysicists and chess grandmasters, it is no surprise that there
are so many successful innovative tech startups.
With a strong connection with the Silicon Valley through the strong Armenian diaspora, the Armenian IT industry is
building connections with India’s Silicon Valley in Bangalore, besides Hyderabad and Delhi-NCR region.
building connections with India’s Silicon Valley in Bangalore, besides Hyderabad and Delhi-NCR region.
Dr Yervant Zorian, an Armenian by birth and Chief Architect of Synopsys that designs chips, told ET that Synopsys has a
sizable presence in India including Bangalore and Noida. Zorian has been a frequent traveler across Indian cities.
sizable presence in India including Bangalore and Noida. Zorian has been a frequent traveler across Indian cities.
Dr Zorian recalled that Armenian success in the IT industry and solutions had its genesis during the Soviet period and
could have been described as the Soviet Union’s Silicon Valley. Later post-independence Armenian diaspora in the Silicon Valley in the USA was quick to set up connections in Armenia establishing chapters here.
could have been described as the Soviet Union’s Silicon Valley. Later post-independence Armenian diaspora in the Silicon Valley in the USA was quick to set up connections in Armenia establishing chapters here.
Synopsys Armenia provides R&D and product support for electronic design automation, design for manufacturing, and
semiconductor intellectual property solutions.
“Can machine learning solve the issue of background noise?”
semiconductor intellectual property solutions.
“Can machine learning solve the issue of background noise?”
This question is what led Davit Baghdasaryan to quit Twillo
and partner up with Arto to start Krisp in 2017 to enable people to be more effective communicators in online calls.
Krisp is an AI startup that removes background noise from conference calls.
and partner up with Arto to start Krisp in 2017 to enable people to be more effective communicators in online calls.
Krisp is an AI startup that removes background noise from conference calls.
It’s based in Armenia and has created a one of-a-kind noise cancelling app. It has attracted attention from the tech world for its innovation, recording significant
success and growth in a very short time
Krisp provides Noise Cancellation, Voice Cancellation, Echo Cancellation, and more to individuals and businesses,
helping them to be heard clearer during online meetings in an increasingly remote world.
success and growth in a very short time
Krisp provides Noise Cancellation, Voice Cancellation, Echo Cancellation, and more to individuals and businesses,
helping them to be heard clearer during online meetings in an increasingly remote world.
With just a press of a button, millions of people around the world can now enjoy calls, crystal clear.
Krisp is keen to expand its presence in India from currently one staff and is in talks with other partners including in the
Space Tech sector, Davit told ET.
Krisp is keen to expand its presence in India from currently one staff and is in talks with other partners including in the
Space Tech sector, Davit told ET.
Armenia is soon launching its first satellite. Earlier this year when the Armenian NSA
visited New Delhi he sought India’s support in the space sector.
Besides AI based solutions and IT industry, Armenia has an emerging Venture Capitalist ecosystem.
visited New Delhi he sought India’s support in the space sector.
Besides AI based solutions and IT industry, Armenia has an emerging Venture Capitalist ecosystem.
SmartGate VC is one
such firm.
such firm.
Ashot Arzumanyan, a partner in SmartGate VC explained how they are funding various ventures including
Krisp and seeking to explore the Indian market.
With more capital flowing into Armenia, more and more startups are reaching success. Armenia is no longer just an
outsourcing hotspot but a center of innovation in the global market.
Krisp and seeking to explore the Indian market.
With more capital flowing into Armenia, more and more startups are reaching success. Armenia is no longer just an
outsourcing hotspot but a center of innovation in the global market.
There are many top name companies that have
branches in Armenia but more and more entrepreneurs are opening their own startups to provide solutions for their
respective markets.
branches in Armenia but more and more entrepreneurs are opening their own startups to provide solutions for their
respective markets.
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