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AI-powered consumer applications provider and developer Feraset has raised $4.5 million in a seed round from Play Ventures and e2vc.
The company will use the funds to scale its marketing efforts and work towards increasing its global subscriber count.
Feraset is led by co-founder and CEO H. Burak Demir, who previously co-founded and later sold Zerosum Games to Zynga. The company is also led by CTO Said Kaban and CPO Onur Uras.
Based in Istanbul with a team across Türkiye, Feraset specialises in AI-driven mobile apps spanning design, video, music, photo, and utility categories. The company reportedly boasts two million monthly downloads. The team is now focused on developing AI-powered consumer applications.
Pushing boundaries
“We are witnessing a paradigm shift in AI-powered consumer applications, and Feraset is positioned to lead this movement,” said Feraset co-founder and CEO H. Burak Demir.
“With the backing of Play Ventures and e2vc, we will continue to push the boundaries of AI innovation, scale our operations, and bring groundbreaking AI products to a global audience.”
Play Ventures founding partner Harri Manninen commented: “We’re excited to back Feraset as they combine their deep expertise in mobile gaming to the rapidly growing AI consumer app space.
“At Play Ventures, we see immense potential in this intersection of AI, gaming and consumer, and Feraset is perfectly positioned to lead the charge.”
