Polygraf AI will open an AI and cybersecurity center in Azerbaijan with 200 jobs

On July 9, ADA University hosted the sixth University Demo Day as part of Baku ID, organized by SABAH.academy with the general support of Code Academy. The inter-university competition featured 10 student teams from leading Azerbaijani universities, who presented their startups to investors, experts, and corporate partners.

As a result of the competition, the startup QuickRecap took first place, Seeder came in second, and StipUp placed third. The winners received educational grants from Code Academy.

During the event, Samir Hajibeyli, a representative of the venture fund Caucasus Ventures, announced his intention to invest $10,000 in the startup Seeder, subject to certain conditions. Additionally, one team member received an invitation to visit Silicon Valley in October.

A key highlight of the event was a speech by Yakub Ragimov, co-founder of Polygraf AI, who announced plans to open a Polygraf Labs center in Azerbaijan to develop the artificial intelligence and cybersecurity ecosystem. The project will create 200 new jobs and serve as a regional hub for countries in the Middle East and Central Asia.

Polygraf AI also provided loans totaling $5,000 to the three best teams to support the development of projects in the field of secure and sovereign artificial intelligence.

Source: bakuidfest