Business

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May, 2022
May 2022
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SmartGateVC welcomes Pinsight to the portfolio family
17/06/2021 20:39

SmartGateVC welcomes Pinsight to the portfolio family

We are thrilled to announce our investment in Pinsight as a lead investor in their pre-seed round. Pinsight is a SaaS product that empowers product and customer teams to automate the process of extracting predictions and human-friendly insights from CRM, financial and other raw data with one click.

Pinsight is using a combination of novel machine learning approaches and advanced traditional statistical analysis techniques to produce highly accurate, explainable, and trusted results in a fully automated manner. The solution can be applied in a wide range of domains – marketing (increase campaign effectiveness and response rate), finance (reduce credit default or increase investment returns), retail (increase sales and optimize), market research (learn market trends and paint points), telecommunications (reduce customer churn and increase satisfaction), etc. With this, Pinsight is tapping into the $23B+ market of Business Intelligence that’s expected to reach $33B by 2025, and disrupting how companies make data driven decisions.

Pinsight complements our portfolio of AI infrastructure companies, such as SuperAnnotate, AimHub, ActiveLoop. I’m super excited for the investment and the team.” says Vazgen Hakobjanyan, Partner at SmartGateVC.

We live in an era where companies heavily rely on data and analytics to make their key decisions. Yet, for some reason it is still ridiculously difficult and time consuming to extract insights from raw information. At Pinsight, we have built an autonomous AI system which is able to extract the key insights and driving factors from raw data providing decision-makers the opportunity to make smart decisions fast.” says Hrant Davtyan, Founder and CEO of Pinsight.

Pinsight is an exemplary case of transformation from science & tech to a product that addresses real pains in enterprises.” says Ashot Arzumanyan, Partner at SmartGateVC.

It’s a great pleasure to work with Hrant – inspiring consistency and exemplary professionalism! Pinsight is on its path to create a new category and builds its success thoughtfully step by step.” says Hambardzum Kaghketsyan, Partner at SmartGateVC.

SmartGateVC is a Silicon Valley pre-seed venture capital fund backed by Tim Draper and seasoned tech investors, entrepreneurs and professionals. Our key focus areas are Artificial Intelligence (AI) infrastructure, AI-enabled SaaS, IoT, and Biotech across California, Massachusetts, NYC, Armenia, and wider Eastern Europe.

Beeline Armenia - Telecommunication services for your business.
AMD Rates
10:30 21/05 Buy Sell
AMD / USD 454.00 458.00
AMD / EUR 480.00 484.00
AMD / RUR 7.26 7.50
dollars
dollars
CBA Rates
20/05/2022
USD / AMD
458.98
-0.42%
EUR / AMD
485.74
+1.67%
RUR / AMD
7.81
+0.41%
GBP / AMD
572.99
+1.96%
Cryptocurrencies
10:30 21/05
BTC/AMD
13,471,026
-3.48%
BTC/USD
29349.92
-3.39%
ETH/USD
1976.13
-3.48%
BCH/USD
192.75
-2.54%
XRP/USD
0.411338
-3.82%
LTC/USD
69.76
-1.37%
ETH/BTC
0.06732761
-0.10%
BCH/BTC
0.00656723
+0.87%
XRP/BTC
0.00001401
-0.50%
LTC/BTC
0.0023768
+2.09%
CBA Metals
20/05/2022
dram / gram
Gold
27211.07
+467.68%
Silver
318.15
-1.84%
FOREX
09:49 21/05
EUR/USD
1.056
-0.09%
GBP/USD
1.2487
+0.31%
USD/JPY
127.85
+0.13%
EUR/GBP
0.8455
-0.41%
Oil
09:49 21/05
$ / barrel
Brent
112.55
+1.41%
Light Sweet
112.70
+1.67%
COMEX
09:49 21/05
$ / tr. oz
Gold
1845.10
+0.28%
Silver
21.77
-0.41%
Platinum
948.60
-0.02%
LME / 3M
09:49 21/05
$ / tonne
Aluminium
2946.00
+1.36%
Copper
9422.00
+0.07%
Nickel
27973.00
-0.91%
Tin
34665.00
+1.27%
Lead
2160.00
+4.70%
Zinc
3707.00
-0.20%
Molybdenum
41116.16
-0.64%
Cobalt
75000.00
+0.00%
Indexes
09:49 21/05
point
Dow Jones
31261.90
+0.03%
S&P 500
3901.36
+0.01%
NASDAQ
11354.62
-0.30%
FTSE
7389.98
+1.19%
CAC 40
6285.24
+0.20%
DAX
13981.91
+0.72%
RTSI
1239.83
-0.47%
Nikkei
26739.03
+1.27%
Topix
1877.37
+0.93%
Hang Seng
20717.24
+2.96%
SSEC
3146.57
+1.60%
CBA Interest Rates
26/03/2020
Refinancing
Refinancing Rate
9.25
+0.00%
Lombard Repo
Lombard Repo Rate
10.75
+0.00%
Deposit
Deposit Rate
7.75
+0.00%
Macroeconomy
02/2022
CEA
Coefficient of Economic Activity
+8.90%
Ind. Prod. 3
Volume of Industrial Production
365.28
+9.70%
Export 1
Export
503.7
+40.1%
Import 1
Import
917.00
+60.2%
CPI
Consumer price index
+6.80
Avg. Salary 2
Average salary
205,418
+7.0%
Services 3
Volume of services
316.30
+20.1%
Construction 3
Volume of construction
32.73
+4.90%
1 - mln AMD, 2 - AMD, 3 - bln AMD