Kazakhstani holding EA Group invested $500,000 in the American startup PLATMA

The Kazakh investment holding EA Group invested $500,000 in the American startup PLATMA. The round was supported by the American investment fund Almaz Capital, Murat Abdrahamanov, Tumar Venture Fund, and a number of business angels and funds. The total investment amounted to $2 million, with the company valued at $20 million.

PLATMA is an AI Extreme No-Code platform for developing software applications and automating business processes for users without programming skills. The product allows any business, without a development team, to create its own digital solutions using AI.

The largest office is located in the UAE, with the team working in the USA, Ukraine, Cyprus, Portugal, and other countries. In 2024, PLATMA and PLATMA Academy offices opened in Kazakhstan. Currently, there are over 10,000 registered users on the platform, with several thousand applications created. As part of PLATMA Academy, they collaborate with Kazakh companies, including Astana Hub, Fund Fusion, MOST BI, and others. The platform's clients include companies from the United Arab Emirates, Ukraine, Kazakhstan, Turkey, Azerbaijan, Slovenia, and other countries.

The investment holding EA Group acted as a key investor in the pre-seed funding round of the American startup PLATMA. The investment amount from EA Group was $500,000. The American investment fund Almaz Capital invested a similar amount.

The round was supported by investment funds StartupWiseGuys, CAUCASUS VC, as well as investment funds from Kazakhstan — Tumar Venture Fund, MOST Ventures, ACTIVAT VC, business angel Murat Abdrahamanov, and others. The total investment in this round amounted to $2 million, with the company valued at $20 million. The investments will be directed toward further development of the PLATMA technology, team expansion, and entry into new markets.