Tarentum, which is one of the best artificial intelligence companies in Turkey and has achieved significant success especially in the renewable energy and gaming sectors, received an investment of 1.4 million USD from Boğaziçi Ventures.
Bogazici Ventures, which establishes and manages funds investing in technology companies, Tarentum, which offers artificial intelligence and machine learning solutions in the renewable energy and gaming sector through its investment fund BV Growth, which focuses on early-stage startups in the fields of games, fintech, digital health and retail technologies, and has achieved great success. invested 1.4 million USD in the venture company.
Tarentum founding partners Oğuz Silahtar, Bora Tokyay and Gün Makinabakan met at Tarentum to develop disruptive technologies and solutions in the field of artificial intelligence after working for many years in leading companies in the USA, following their undergraduate and graduate education at schools such as MIT, Lafayette College and Purdue University. The experience of the team consisting of 27 people in the field of artificial intelligence is over ten years on average.
Announcing the investment news for the first time with an event on Youtube, Boğaziçi Ventures hosted Tarentum founding partners Oğuz Silahtar and Bora Tokyay and talked about the establishment process of Tarentum, the team, its activities in the renewable energy, games and retail sectors. The publication also mentioned the difference between the artificial intelligence and machine learning solutions offered by Tarentum compared to the solutions in the market.
“We add value to energy and game companies with artificial intelligence with Turkey’s best team.”
Oğuz Silahtar, one of the founding partners of Tarentum, said, “Since its establishment as Tarentum, we have provided machine learning and artificial intelligence solutions to leading companies in different sectors in Turkey. Finally, we decided to focus on the game and energy sectors that we have been serving for 3 years. While we perform digital advertising optimizations in the gaming sector, we have products that we work on wind power plants in the energy sector.” said.
Bora Tokyay, on the other hand, said that their product called GrowAds, which they developed in the field of mobile games, said, “The rapid growth in the game industry is something we all talk about and are aware of, but when we look at the marketing budget spent, we see that the growth there is larger, around 30 percent. It is very natural that this figure is at such a high level in parallel with the increase in the number of players and the number of game companies. Seeing an opportunity in this area, we wanted to focus on this area. There is a lot of data in the user acquisition space right now, and this data is too big for human intelligence to interfere. Thinking that this problem can be solved with artificial intelligence, we developed our product that provides digital advertising optimization.” explained as.
Gün Makinabakan said, “Thanks to the products we have developed, we have enabled business unit users who are not experts in data analysis to benefit from the benefits of artificial intelligence and machine learning. With our scalable infrastructure and strong team, we are rapidly moving towards the use of these products in even more widespread geographies.” shared the approach underlying the products.
“I look forward to the day when Tarentum becomes a unicorn.”
Barış Özistek, the founding partner of Boğaziçi Ventures, stated that the product developed by Tarentum is a solution that saves companies money thanks to the optimization realized and that everyone will want to try this product. Barış Özistek added that scaling is unlimited for the game industry, but the competition in this sector is very intense and growth is limited for this reason, adding that he is very excited about the solution offered by Tarentum and he is looking forward to the day when the team will become a unicorn.