Estonian AI-startup Co-one raises €1M

Estonian company Co-one has raised €1M in a pre-Series A. The round was led by Turkish fund Ak Portföy together with the company's existing investors.

Co-one will use the proceeds to support the company's expansion in Turkey, the MENA region and Western Europe, as well as to continue research and development in the field of AI infrastructure.

Founded in 2020 by Arman Kayhan and Mert Menekşe in Estonia, Co-one develops data-centric tools and infrastructure for artificial intelligence and machine learning systems. The startup provides dataset generation and model validation services, aiming to support the practical implementation of generative AI technologies. Co-one now supports the continuous operation of over 100 AI products in more than 50 organizations.

Ak Portföy is a portfolio management company established in Turkey in 2000 as a subsidiary of Akbank T.A.Ş. The company specializes in venture capital for early stage startups, focusing on the data analytics and the e-commerce sector.