Startup in Armenia
Every startup record the directory holds in Armenia.
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Async (formerly Podcastle)
Async is an AI-powered content creation platform for audio and video, rebranded from Podcastle in January 2026. Founded in Yerevan in 2020 by Artavazd Yeritsyan, the platform grew from a podcast recording tool to a unified suite covering studio editing, enterprise content workflows, and a voice API for developers. The company has raised $23.5 million in total, including a $13.5 million Series A in 2024, and counts over one million creators on the platform.
Krisp
Krisp is an AI-powered noise cancellation and voice productivity platform founded in Yerevan that removes background noise, echo, and other audio distractions from calls and recordings in real time. The technology works as a software layer between any microphone and communication application, making it universally compatible with Zoom, Teams, and other conferencing tools. Krisp has been adopted by major enterprises and contact centers worldwide, and has expanded into meeting transcription and summarization. The company raised over $17 million and is a standout example of deep-tech AI innovation emerging from Armenia's growing engineering talent pool.
LiveBoard
LiveBoard is an interactive digital whiteboard platform from Yerevan used by tutors, online schools, and distributed teams for real-time collaborative lessons. The product combines a pressure-sensitive drawing canvas with PDF annotation, live video, shared documents, and full session recording, and is optimized for both tablets (Apple Pencil, S-Pen) and desktop browsers. LiveBoard has been adopted by thousands of one-to-one tutors and boutique e-learning businesses as a lighter alternative to building custom classroom tooling on top of Zoom or Google Meet. It is a representative example of Armenia's consumer-SaaS bench: small, internationally distributed teams shipping polished, mobile-first collaboration tools into the global EdTech market.
PicsArt
PicsArt is a Yerevan-founded creative platform and photo/video editing suite that has grown into one of the most downloaded creative apps globally, with over 150 million monthly active users. The platform combines AI-powered editing tools, templates, stickers, and a creator community into a mobile-first experience used by casual creators and small businesses alike. Founded in 2011 by Hovhannes Avoyan, PicsArt raised over $130 million and represents Armenia's most prominent consumer technology export, demonstrating that world-class creative tools can be built and scaled from the region.
Plat.AI
Plat.AI is an Armenian AI technology company founded in 2020, specializing in predictive analytics solutions for the fintech and insurtech industries. Its platform processes up to 10 million predictions daily for credit and insurance organizations, and has deployed products in cooperation with Armenia's banking and social protection sectors in partnership with the Nork Technology Center. Plat.AI is an active contributor to data science education in Armenia and serves as a Gold Sponsor of PyData PyCon Yerevan 2026.
Renderforest
Renderforest is an all-in-one branding platform founded in Yerevan, enabling users to create videos, logos, websites, and graphic designs without prior design skills. The platform serves over 20 million users globally, including large companies such as Vodafone, Sony Music, and GE. Founded by Narek Safaryan, the company has kept its headquarters and engineering operations fully in Armenia.
ServiceTitan
ServiceTitan is a vertical SaaS platform for the trades industry, managing scheduling, dispatch, invoicing, marketing, and customer communications for home and commercial service businesses such as HVAC, plumbing, and electrical contractors. Co-founded by Armenian-Americans Ara Mahdessian and Vahe Kuzoyan, the company went public on the Nasdaq in 2024 and maintains significant R&D operations in Yerevan. With a valuation exceeding $9 billion, ServiceTitan is one of the highest-valued companies with Armenian engineering roots and a powerful signal of the country's capacity to produce enterprise-grade software talent.
SuperAnnotate
SuperAnnotate is an AI training data platform founded in Yerevan by brothers Tigran and Vahan Petrosyan. It provides tools for annotating, managing, and automating labelled datasets across images, video, text, and audio at scale. Backed by NVIDIA, the platform serves enterprise clients including Databricks and Canva. In 2025 the company raised $50 million to accelerate its AI data-annotation capabilities.
Text'nPayMe
Text'nPayMe is a Yerevan-based fintech startup building keyboard-first payment experiences that let users initiate peer-to-peer and micro-transactions directly inside any messaging or social app, without context-switching to a separate banking application. The product takes the form of a custom mobile keyboard extension that sits above the standard typing layer and exposes send-money, request, and split-bill actions as first-class gestures. For banks and wallets the company offers the same stack as an embedded-finance SDK, so that partners can ship in-chat payments without rebuilding messaging infrastructure. Text'nPayMe emerged through the 500 Global Eurasia program and is part of a cohort of Armenian fintechs using the region's engineering depth to attack conversational commerce in emerging markets.
Uteach
Uteach is an all-in-one course-building and online-academy platform built in Yerevan for independent educators, creators, and established learning businesses that want to stop renting their students from marketplaces. The product bundles course hosting, live lessons (1:1 and group), branded school websites with custom domains, built-in payments and subscriptions, quizzes, certificates, affiliate links, and email marketing into a single operational stack, so a solo tutor or a coaching company can move from Zoom + spreadsheets to a proper school without integrating a half-dozen SaaS tools. Uteach scaled through the 500 Global Eurasia program and today serves creators across the US, Europe, MENA, and South Asia, which makes it one of Armenia's clearest examples of a locally built B2B SaaS with a fully international revenue base. It complements global players like Teachable and Thinkific by leaning into emerging-market pricing and stronger native-language support.
VXSoft
VXSoft is an Armenian software company specializing in e-Governance solutions, including electronic document management systems, business registers, and civil status registers for the public sector. Co-founded by Ruben Manukyan (CTO and Architect) and Vahagn Mkhitaryan (Founder and President), the company operates offices in Yerevan, Dublin, and other locations, with core software development carried out in Armenia. VXSoft is the Diamond Sponsor of PyData PyCon Yerevan 2026, and its CTO Ruben Manukyan serves as a member of the event organizing committee.
Wirestock
Wirestock is an Armenian AI data marketplace startup that sources and curates multimodal creative datasets — including images, videos, 3D models, and audio — for major AI foundation model developers. Founded in Yerevan, the company raised approximately $26 million total, including a $23 million Series A in 2026 led by Nava Ventures with participation from Formula VC and I2BF Ventures, and counts six of the world's largest AI model developers among its clients. Wirestock is a Platinum Sponsor of PyData PyCon Yerevan 2026.
