15 startups from Central Asia that attracted investments in March
Author - Mansur Ismagulov
The Tech AI
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In March, startups from Kazakhstan, Uzbekistan, and Kyrgyzstan attracted investments and expanded their markets. In Kazakhstan, ARLAN BIOTECH received $390,000, and the Deeptech Bayge competition had a prize fund of up to 12 million tenge. In Uzbekistan, Datatruck attracted $550,000, Geomotive and Unitlab AI each received $200,000, and D-Clinics and JoinPoint received $65,000 from CS//Angels. In Kyrgyzstan, chANGELS invested in Dubformer.
In March, startups from Kazakhstan, Uzbekistan, and Kyrgyzstan continued to attract investments, expand into new markets, and develop innovative solutions. We have compiled a list of 15 startups that are strengthening the technological ecosystem of Central Asia.
Kazakhstan
ARLAN BIOTECH
ARLAN BIOTECH raised $390,000 in a Pre-Seed round, with a total round size of $1 million. The company's current valuation has reached $12.5 million. The investment came from venture funds and business angels from Kazakhstan, the USA, and the UAE. The company is developing generative AI models for the discovery and optimization of antibodies.
Prosper Pay
Prosper Pay raised $1.5 million in investment to scale into new markets and develop Earned Wage Access (EWA) in the region. It is a leading FinTech startup in Kazakhstan developing an EWA service.
Game of Drones, flection.ai, Granulo System, Hemo labs
A final pitch competition for the Deeptech Bajge took place at Nazarbayev University.
First place — Game of Drones, 12 million tenge. A platform for training combat drone pilots using simulations.
Second place — flection.ai, 10 million tenge. A digital therapeutic system for post-stroke rehabilitation using AI and gamification.
Third place — Granulo System, 8 million tenge. A system for analyzing ore fractions to optimize mining processes. The project attracted the interest of the company Kazzinc.
People's Choice Award — Hemo labs, 5 million tenge. A MedTech SaaS platform for early diagnosis that reduces diagnosis time by 10 times with 95% accuracy.
Uzbekistan
TechDiff, ByteBusters, FloraForce, Neuro Train
The best AI startups in Uzbekistan were identified at the Angel Connect hackathon.
First place — TechDiff, 12 million sum. An AI solution for retail that analyzes customer traffic.
Second place — ByteBusters, 8 million sum. AI Law Assistant — a digital assistant for entrepreneurs.
Third place — FloraForce, 5 million sum. Care4Green — a platform for the agricultural sector.
Additionally, the jury highlighted Neuro Train, an HR bot for assessing employees' soft skills, whose team also received 5 million sum.
Datatruck
Datatruck, a platform for automating financial and operational processes in freight transportation, raised $300,000 from AloqaVentures in a Pre-Series A bridge round. Additionally, IT Park Ventures invested $250,000 in Datatruck in a bridge round prior to the Series A.
Geomotive
Geomotive is a DOOH (Digital Out-of-Home) advertising marketplace that unites LED screens into a single platform. The startup raised $200,000 from IT Park Ventures in a Seed round. The platform allows brands to manage advertising campaigns with the flexibility of digital advertising, using geo-targeting, automated purchasing, and precise performance metrics.
Unitlab AI
Unitlab AI is an Uzbekistani platform for automating data labeling, management, and AI model training. The technology accelerates labeling by 15 times, reduces costs by five times, and saves up to 60% of engineers' time. The startup raised $200,000 from IT Park Ventures in a Seed round and $200,000 from AloqaVentures.
D-Clinics
D-Clinics raised $35,000 in investment from CS//Angels at a valuation of $500,000. The startup is developing universal software for clinics that simplifies the management of schedules, patients, and finances.
JoinPoint
JoinPoint received $30,000 in investment from CS//Angels at a valuation of $600,000. The platform helps content creators monetize their expertise through subscriptions and interact with their audience.
Kyrgyzstan
chANGELS made its first investment
Kyrgyzstan's chANGELS participated in the Seed round of the startup Dubformer. Dubformer is an AI dubbing and localization platform supporting over 70 languages. The technology ensures 99% accuracy through quality control, allowing content to be scaled without loss.
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