IT Companies and Startups in Armenia

2024. Armenian online photo editor Picsart has been integrated with Getty Images



Picsart, the most successful Armenian startup that develops an online image editor, has integrated with Getty Images, the largest photo bank, to enable marketers to create licensed images using artificial intelligence. Picsart's generative neural network will be trained exclusively on licensed creative content from Getty Images. Users will be able to enhance AI-generated images using any of Picsart's more than 3,000 graphics editor tools, which is ideal for creating social media marketing content, website graphics, and much more. Picsart also announced integration with Getty Images' video bank, providing high-quality animations for business content.


2023. Restaurant automation service iiko moves headquarter to Armenia



iiko, the popular restaurant software developer, has launched a website for Armenia and begun actively operating in the local market, with the support of the TST integrator. The service's founder, Yerevan native David Yan, is a well-known IT entrepreneur. In particular, he founded the renowned company ABBYY. He currently lives in the USA. iiko is a convenient and reliable restaurant automation system used by a wide variety of establishments: from tiny bars and coffee shops to large restaurant chains, from food court cafes to fine dining restaurants, from delivery services to gastromarkets. Cash register, warehouse, staff, guests, kitchen, finances, reporting, and marketing – all in a single system. The service starts at 24,000 AMD per month.


2023. Armenian marketing startup Prelaunch raises $10M



Armenian startup Prelaunch has raised $1.5 million in funding. Prelaunch has closed its current $10 million funding round, which will be used to expand the company's operations, specifically by attracting more engineers, marketers, and customers. Prelaunch.com is a platform of tools that help companies evaluate the potential of new products before they are launched, based on real reviews on Stylebit.io, assess the viability of their developments, and evaluate their prospects for further promotion. The service has come up with the idea of ​​attracting not just random people to evaluate a product, but future potential customers. They make a deposit of $10-20 to receive a larger discount after the product launch. This way, their feedback is truly useful.

2023. Cloud-based secure identity platform Britive raises $20.5 million



Britive, Armenian cloud-based identity security platform, has raised $20.5 million in a Series B funding round led by Pelion Venture Partners. Liberty Global Ventures, One Way Ventures, and Crosslink Capital also participated. The investment comes at a time of strong momentum, characterized by more than 300% year-over-year revenue growth, fueled by the acquisition of large customers in finance, retail, technology, and other industry verticals. Britive was purpose-built for cloud environments to effectively address the unique challenges of access management. It ensures teams can easily access privileged resources, such as cloud infrastructure, servers, databases, and private networks, only when truly needed.


2023. American IT company Lineate opened an office in Yerevan



Lineate is a New York-based company that has been providing top-tier engineering teams and software solutions to American companies for over 15 years, primarily in the ad tech, fintech, media, and education markets. The company employs over 180 specialists and has 35 projects in its portfolio across AdTech, MarTech, MedTech, and Media. Lineate's client list includes The New York Times, AppNexus, ForexClub, eBay, Warner Music Group, and other well-known brands. The company has now decided to open an office in Yerevan. Armenia's IT sector is developing rapidly and showing significant results. Armenia's startup ecosystem has been recognized as the best in the Caucasus, and for the first time, an IT company has entered the top 10 largest taxpayers in Armenia in 2022. In addition, influential companies in the global IT sector such as NVIDIA, Adobe, Synopsis, AMD, TeamViewer, Renderforest, Miro, and BostonGenes are choosing Armenia as the next location for their offices, branches, analytical and research centers.


2022. Miro opened office in Yerevan



Miro, the visual collaboration platform developer, has opened an office in Armenia. Miro enables remote, in-office, and hybrid teams to communicate and collaborate across multiple formats, tools, channels, and time zones - without the limitations of physical locations, meeting spaces, or interactive whiteboards. In other words, Miro provides everything you need for online collaboration. They've created toolkits for every workflow: product management, design and research, engineering, marketing, and sales, all connected by Asana, Jira, Trello, Zoom, Dropbox, OneDrive, Adobe Creative Cloud, Google, and more. They have over 35 million users and collaborate with 99% of Fortune 500 companies. Headquartered in Amsterdam and San Francisco, they have hubs around the world: Amsterdam, Austin, Berlin, London, Los Angeles, Munich, New York, Paris, San Francisco, Sydney, and Tokyo.


2022. Softline Armenia received the status of Authorized Directum's Partner



Softline Armenia announced it has successfully achieved Directum Authorized Partner status. Directum Authorized Partner status validates Softline's extensive experience and commitment to developing and commercializing modern, high-tech solutions. Partner status allows the company to implement Directum document management solutions. Currently, Softline is the only company in Armenia with this status. Directum develops software products and services for digital process and document management (EDMS, ECM). The products are focused on digitalizing both internal and external company processes.


2022. ONLYOFFICE opens office in Yerevan



Ascensio Systems, Latvian IT company behind the ONLYOFFICE service, has decided to establish an independent company in Yerevan focused on customer service and training. The company helps clients worldwide, from small local businesses to large enterprises and government agencies, successfully implement and use ONLYOFFICE products. ONLYOFFCE is an open-source office suite launched 12 years ago and has grown into a family of office applications, including CRM, email, calendar, project management, online editing for text documents, spreadsheets, presentations, and online forms. It is integrated into over 30 popular platforms, including Nextcloud, ownCloud, Jira, Redmine and SharePoint, and is used as a component in hundreds of enterprise services and web applications.


2021. Armenian field service app ServiceTitan raised $200M



ServiceTitan, a software developer for companies providing on-site service, founded in 2013 by Ara Mahdesyan and Vahe Kuzoyan, has raised $200 million in funding. The company's revenue is estimated at $9.5 billion. Over the past two years, ServiceTitan has doubled its key financial metrics. For any household issues, such as plumbing and drainage, electrical maintenance and repair, garage door service, and air conditioning, people in the US turn to specialized companies that dispatch the appropriate specialists to resolve the problem. Service Titan offers its online service to these companies, enabling them to provide high-quality service to their clients and easily manage their businesses.


2016. Mer Soft unveiled ERP system for hotels



Mer Soft has created an ERP system that combines all hotel management system systems into a single integrated program: the hotel system, the sanatorium and health resort, the holiday home, the buffet, the restaurant, the cafe, trade, CRM and HR Management. The ERP system allows you to control all operations using a single centralized system. The system is dynamic and can respond to changes in pricing policy, work with individual clients, adapt to changes in the hotel structure (during expansion of the complex), and work with travel agencies. The system allows you to receive information on the availability of free rooms; the number of expected arrivals and departures; residents; debts and prepayments; the presence of furniture, equipment ... in the rooms.


2010. SAP enters Armenian market



SAP, the world's largest manufacturer of enterprise resource planning (ERP) systems, announced its entry into the Armenian market. During a Yerevan business forum celebrating SAP's entry into the Armenian market, Vladislav Martynov, CEO of SAP CIS, and Ishkhan Kazinyan, Deputy CEO of SAP CIS, explained the company's decision by citing the dynamic growth of the IT sector and low labor productivity in the Armenian economy. They explained that SAP always enters a market at its infancy to convey the message of the benefits of business solutions for enterprises and the country as a whole, thereby helping to create that market. SAP doesn't adapt to the growth rate of a specific market; it creates it. Shirak Technologies became SAP's first premium partner in Armenia. Armenia became the sixth CIS country (after Russia, Ukraine, Belarus, Kazakhstan, and Azerbaijan) where SAP has decided to expand its business.