It was an exceptional week for the Armenian tech ecosystem full of success story announcements.
Here is one of the biggest news in Armenian semiconductor design industry ⤵️
Microchip Technology Incorporated a leading provider of smart, connected and secure embedded control solutions is acquiring Instigate Semiconductor that was incubated by Instigate.
Instigate is a conglomerate of companies offering a wide range of software development services from mobile & web development, to design of complex engineering systems for industrial automation to embedded systems design.
Instigate Semiconductor, was incubated by Instigate 2 years ago with an aim to transfer the company to Microchip after setting up a company and building an operational R&D center in Armenia.
Congratulations to our friends from Instigate on this great achievement!
https://t.me/threenstartups
#instigate #instigatesemiconductor #michrochip #exit #successstory
Here is one of the biggest news in Armenian semiconductor design industry ⤵️
Microchip Technology Incorporated a leading provider of smart, connected and secure embedded control solutions is acquiring Instigate Semiconductor that was incubated by Instigate.
Instigate is a conglomerate of companies offering a wide range of software development services from mobile & web development, to design of complex engineering systems for industrial automation to embedded systems design.
Instigate Semiconductor, was incubated by Instigate 2 years ago with an aim to transfer the company to Microchip after setting up a company and building an operational R&D center in Armenia.
Congratulations to our friends from Instigate on this great achievement!
https://t.me/threenstartups
#instigate #instigatesemiconductor #michrochip #exit #successstory
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3N Startups
It was an exceptional week for the Armenian tech ecosystem full of success story announcements. Here is one of the biggest news in Armenian semiconductor design industry ⤵️ Microchip Technology Incorporated a leading provider of smart, connected and secure…
The Prime Minister of Armenia Nikol Pashinyan received Bruce Weyer, the vice president of Microchip Technology Incorporated, Arman Poghosyan, the CEO of Instigate and Ani Safaryan, the VP of Engineering of Instigate Semiconductors
The prime minister welcomed cooperation between Microchip and Instigate.
Bruce Weyer announced that Microchip Technology is interested in implementing programs in the Armenian technology sector and contribute to the development of the technological ecosystem of Armenia.
https://t.me/threenstartups
#instigate #instigatesemiconductor #michrochip #exit #successstory
The prime minister welcomed cooperation between Microchip and Instigate.
Bruce Weyer announced that Microchip Technology is interested in implementing programs in the Armenian technology sector and contribute to the development of the technological ecosystem of Armenia.
https://t.me/threenstartups
#instigate #instigatesemiconductor #michrochip #exit #successstory
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3N Startups
It was an exceptional week for the Armenian tech ecosystem full of success story announcements. Here is one of the biggest news in Armenian semiconductor design industry ⤵️ Microchip Technology Incorporated a leading provider of smart, connected and secure…
Instigate announced that the company signed a contract with microelectronics manufacturer giant Microchip Technology Inc. to sell 100% of its subsidiary Instigate Semiconductor to Microchip.
This is a result of a long-term cooperation started 3 years ago aiming to build an FPGA company in Armenia that will later be sold to Microchip. The subsidiary company Instigate Semiconductor was created on August 3, 2020 having 8 employees. Within the last 3 years the company launched its R&D centers across Armenia, including Vanadzor, Gyumri and Ijevan growing its team size to 47 engineers.
Microchip is gearing up for further expansion and covering a broad range of areas, including Application Engineering, Customer Support, Embedded Systems Programming, IP Verification.
Microchip is a $45 billion capitalization company and a global leader of microelectronics manufacturing.
This is another tremendous achievement of Armenian EDA sector and a great success story of a startup launch and exit within 3 years.
We look forward to hearing next success stories coming from Instigate Group!
https://t.me/threenstartups
#instigate #instigatesemiconductor #michrochip #exit #successstory
This is a result of a long-term cooperation started 3 years ago aiming to build an FPGA company in Armenia that will later be sold to Microchip. The subsidiary company Instigate Semiconductor was created on August 3, 2020 having 8 employees. Within the last 3 years the company launched its R&D centers across Armenia, including Vanadzor, Gyumri and Ijevan growing its team size to 47 engineers.
Microchip is gearing up for further expansion and covering a broad range of areas, including Application Engineering, Customer Support, Embedded Systems Programming, IP Verification.
Microchip is a $45 billion capitalization company and a global leader of microelectronics manufacturing.
This is another tremendous achievement of Armenian EDA sector and a great success story of a startup launch and exit within 3 years.
We look forward to hearing next success stories coming from Instigate Group!
https://t.me/threenstartups
#instigate #instigatesemiconductor #michrochip #exit #successstory
Hetq.am
Microchip Technology Inc. միջազգային ընկերությունը դարձավ Ինստիգեյթ Կիսահաղորդիչներ ՓԲԸ-ի 100% բաժնետեր
Առջևում ընդլայնման հեռանկարն է։ Մոտակա տարիներին Microchip-ը պլանավորում է ընդլայնվել Application Engineering, Customer Support, Embedded Systems Programming, IP Verification...
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Reddit, founded by Diaspora Armenian Alexis Ohanian, raised about $520 million in its IPO last Wednesday.
The social media company that hosts millions of online forums and makes money primarily through advertising, had priced its IPO at $34 - the top of the previously anticipated range - indicating healthy demand for what was arguably the most anticipated IPO of 2024 so far.
Read more about Reddit and positive signs of the US IPO market here.
https://t.me/threenstartups
#reddit #exit #ipo #successstory
The social media company that hosts millions of online forums and makes money primarily through advertising, had priced its IPO at $34 - the top of the previously anticipated range - indicating healthy demand for what was arguably the most anticipated IPO of 2024 so far.
Read more about Reddit and positive signs of the US IPO market here.
https://t.me/threenstartups
#reddit #exit #ipo #successstory
Statista Daily Data
Infographic: U.S. IPO Market Continues Gradual Recovery in 2024
This chart shows the number of IPOs and total proceeds in the United States.
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🚀 ServiceTitan Makes History! 🇦🇲
ServiceTitan became the first Armenian-founded tech company to IPO on the Nasdaq Global Select Market, raising $624.8M at $71 per share. Share price grew 42% to $101 and that valued the company at over $10B!
Founded by Ara Mahdessian and Vahe Kuzoyan in 2012, ServiceTitan became a global leader providing SaaS solutions for HVAC, plumbing and electrical industries.
Congratulations to the ServiceTitan team and the entire Armenian startup ecosystem on this achievement!
#ServiceTitan #IPO #SuccessStory #Exit
Photo & Text Credit: Zartonk Media
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ServiceTitan became the first Armenian-founded tech company to IPO on the Nasdaq Global Select Market, raising $624.8M at $71 per share. Share price grew 42% to $101 and that valued the company at over $10B!
Founded by Ara Mahdessian and Vahe Kuzoyan in 2012, ServiceTitan became a global leader providing SaaS solutions for HVAC, plumbing and electrical industries.
Congratulations to the ServiceTitan team and the entire Armenian startup ecosystem on this achievement!
#ServiceTitan #IPO #SuccessStory #Exit
Photo & Text Credit: Zartonk Media
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🚀 Braze Acquires AI Decisioning Company OfferFit for $325M
Braze (NASDAQ: BRZE), a leading customer engagement platform valued at $3.9B, is acquiring OfferFit, the AI-driven decisioning company founded by George Khachatryan.
OfferFit has transformed personalized customer journeys, replacing A/B testing with continuous, automated experimentation. With this acquisition, Braze will supercharge AI-driven Journeys, Content, and Incentives, leveraging cutting-edge transformer architectures.
The deal is set to close by July 31, 2025.
🎉 Another Armenian founder celebrates a successful exit! A huge congratulations to the OfferFit team on this milestone!
Read more:
https://www.investing.com/news/company-news/braze-acquires-ai-firm-offerfit-for-325-million-93CH-3952976
https://offerfit.ai/content/blog-post/offerfit-is-joining-braze
#Braze #OfferFit #Exit #SuccessStory
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Braze (NASDAQ: BRZE), a leading customer engagement platform valued at $3.9B, is acquiring OfferFit, the AI-driven decisioning company founded by George Khachatryan.
OfferFit has transformed personalized customer journeys, replacing A/B testing with continuous, automated experimentation. With this acquisition, Braze will supercharge AI-driven Journeys, Content, and Incentives, leveraging cutting-edge transformer architectures.
The deal is set to close by July 31, 2025.
🎉 Another Armenian founder celebrates a successful exit! A huge congratulations to the OfferFit team on this milestone!
Read more:
https://www.investing.com/news/company-news/braze-acquires-ai-firm-offerfit-for-325-million-93CH-3952976
https://offerfit.ai/content/blog-post/offerfit-is-joining-braze
#Braze #OfferFit #Exit #SuccessStory
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Breaking: ActiveCampaign Acquires Feedback Intelligence
Source: LinkedIn post of Chinar Movsisyan, the Founder & CEO of Feedback Intelligence
ActiveCampaign has acquired Feedback Intelligence. A new exit story for the Armenian startup ecosystem and a great example of an Armenian-founded team joining a global unicorn 🦄.
Feedback Intelligence builds an enterprise workspace for AI PMs and developers to personalize LLMs based on real user signals, optimizing models through real-world usage.
ActiveCampaign is a global leader in marketing and sales automation, serving businesses worldwide with 800+ pre-built automation tools.
Congrats to Chinar Movsisyan, the Feedback Intelligence team, and the early supporters who backed the journey 🥳
#Exit #FeedbackIntelligence #ActiveCampaign
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Source: LinkedIn post of Chinar Movsisyan, the Founder & CEO of Feedback Intelligence
ActiveCampaign has acquired Feedback Intelligence. A new exit story for the Armenian startup ecosystem and a great example of an Armenian-founded team joining a global unicorn 🦄.
Feedback Intelligence builds an enterprise workspace for AI PMs and developers to personalize LLMs based on real user signals, optimizing models through real-world usage.
ActiveCampaign is a global leader in marketing and sales automation, serving businesses worldwide with 800+ pre-built automation tools.
Congrats to Chinar Movsisyan, the Feedback Intelligence team, and the early supporters who backed the journey 🥳
#Exit #FeedbackIntelligence #ActiveCampaign
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3N Startups
Breaking: ActiveCampaign Acquires Feedback Intelligence Source: LinkedIn post of Chinar Movsisyan, the Founder & CEO of Feedback Intelligence ActiveCampaign has acquired Feedback Intelligence. A new exit story for the Armenian startup ecosystem and a great…
More context on ActiveCampaign’s acquisition of Feedback Intelligence
Source: Business Wire
ActiveCampaign acquired Feedback Intelligence to strengthen Active Intelligence, its AI engine powering autonomous marketing workflows turning raw AI–user conversations into actionable signals that help AI agents learn and improve continuously.
What Feedback Intelligence adds to ActiveCampaign:
• Deep conversation analysis to understand user intent, satisfaction, friction points, and agent accuracy
• Purpose-built AI models designed specifically to evaluate and optimize AI agent performance
• A continuous improvement loop, where insights from real usage feed back into how AI agents are designed and deployed
As part of the deal:
• Chinar Movsisyan (Founder & CEO of Feedback Intelligene) joins ActiveCampaign’s Product & Technology leadership
• The Feedback Intelligence team becomes a core part of ActiveCampaign’s broader AI organization - another Unicorn 🦄 enters Armenia 🇦🇲
Really exciting news for the Armenian startup ecosystem!
#Exit #FeedbackIntelligence #ActiveCampaign
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Source: Business Wire
ActiveCampaign acquired Feedback Intelligence to strengthen Active Intelligence, its AI engine powering autonomous marketing workflows turning raw AI–user conversations into actionable signals that help AI agents learn and improve continuously.
What Feedback Intelligence adds to ActiveCampaign:
• Deep conversation analysis to understand user intent, satisfaction, friction points, and agent accuracy
• Purpose-built AI models designed specifically to evaluate and optimize AI agent performance
• A continuous improvement loop, where insights from real usage feed back into how AI agents are designed and deployed
As part of the deal:
• Chinar Movsisyan (Founder & CEO of Feedback Intelligene) joins ActiveCampaign’s Product & Technology leadership
• The Feedback Intelligence team becomes a core part of ActiveCampaign’s broader AI organization - another Unicorn 🦄 enters Armenia 🇦🇲
Really exciting news for the Armenian startup ecosystem!
#Exit #FeedbackIntelligence #ActiveCampaign
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Businesswire
ActiveCampaign Acquires AI Evaluation Platform ‘Feedback Intelligence’
ActiveCampaign, a leading autonomous marketing platform, today announced the acquisition of Feedback Intelligence, an AI evaluation and analytics tool that t...
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