Armenian Startups Krisp and Picsart Lead AI Innovation Wave

Armenian startups Krisp and Picsart lead regional AI innovation, demonstrating the country's capacity to develop globally competitive technology solutions from a small market base.

Picsart became Armenia's first unicorn in 2021, creating an all-in-one platform with 150 million active users generating visual content using accessible editing tools.

Krisp solved background noise issues using machine learning for effective online communication. Founded in 2017 after questioning whether AI could address this problem, it enables clearer remote conversations.

These success stories inspired more entrepreneurs. Armenia moves beyond outsourcing to become an innovation center with companies providing solutions for respective markets.

BostonGene exemplifies US tech companies in Armenia developing AI-powered cancer treatment innovations. Renderforest empowers no-skill users creating visual content, trusted by 20 million users.