FERASET is a company that develops AI-powered mobile applications focused on end users. The company offers applications in categories such as design, video, music, photography, and other useful tools. Currently, FERASET has gained attention with applications like Hexa, Livensa, Aura, and Music AI, reaching over 2 million downloads per month.
The company's founder and CEO, H. Burak Demir, stated that the $4.5 million seed investment received from Play Ventures and e2vc will be used to advance innovations in artificial intelligence, scale operations, and introduce cutting-edge products to the global market.
With this investment, FERASET plans to expand its team, accelerate the development of new AI applications, and grow its existing portfolio. Harri Manninen, the co-founder of Play Ventures, emphasized that FERASET is well-positioned to lead the field by combining its expertise in mobile gaming with artificial intelligence. e2vc General Partner Enis Hulli highlighted that the combination of FERASET's founding team's knowledge in mobile product development and AI was the key reason for investing in the company.
This development indicates the increasing trends and investments in the AI and mobile application market.
