Konya-based Coredinat received an investment of ₺73 million in valuation

Powered by artificial intelligence and increasing its marketer performance measurably with location verification, Coredinat received an investment of ₺440,000 at the ITU Big Bang 2022 stage and increased its value to ₺73 million.

One of the Konya Technokent companies, Ikonik Technology Inc. Working with Coredinat, announced that it has a valuation of ₺73 million. With the participation of investors from England and Turkiye, the venture received an investment of ₺440,000 at the ITU Big Bang 2022 stage and increased its value to over ₺70 million.

Coredinat founder Dr. Ihsan Polat conveyed to the advisory boards that with their latest investment, they have gained two more valuable experiences that money cannot buy.

One of the investors, UK-based IDETEK.UK is a strong investment institution that has invested in more than 10 companies around the world, provides both information, network and financial support to the globalization processes of the companies it invests in, and aims to keep the globalization costs of the companies at a minimum with the smart solutions they offer. In his statement, IDETEK.Tr general manager Alpaslan Varol stated that Coredinat is promising both in business and as a team, and that strong references such as Turk Telekom, Mobiltel, Mistacoglu Holding and 6 different products they produce for different sectors play an important role in their investment decision.

Osman S. Yaycioglu, who joined Coredinat as an individual investor, is known for his investments in promising startups in Turkiyr, including BISU. Stating that the Geofence (tracking)-oriented technologies developed by Coredinat are very productive and can be adapted to dozens of sectors, Osman S. Yaycioglu stated that a team that has already produced 6 products is promising and is effective in the investment decision.

Stating that they have produced 6 different solutions for all businesses operating in the field with Coredinat, Dr. Ihsan Polat stated that they aim to increase the product range to 10 in the first half of 2023. Coredinat develops marketer tracking, Alzheimer’s patient tracking, courier tracking, student service tracking, transportation operations tracking, factory tracking products and artificial intelligence software and hardware for the private and public sectors.

Dr. Ihsan Polat concluded his speech by stating that they will strengthen their Istanbul and London offices with the investment they have received, and that they will accelerate digital marketing in the USA.

Source: Egirisim / Translated by Irem Yildiz

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