Turkish Startup Exar Receives Investment at $2.4 Million Valuation
Summary
Exar is a Turkish startup that develops solutions focused on augmented and virtual reality. In addition to strengthening Exars R&D activities, it will also be used for the companys growth in foreign markets.Exar was founded in 2022 by Emir Cokun, Hasan Koyuncu and Murathan Demirci. The company aims to create technological ecosystems by developing solutions in the field of artificial intelligence integrations, Internet of Things (IoT) and cloud systems. Sharing that this investment will be used strategically to strengthen the companys R&D activities and expand in foreign markets, Exar co-founder Hasan Koyuncu stated that these resources will be directed to R&D projects to increase their competitive advantage through innovation and technological developments. At the same time, he added, they will be spent on market development activities to strengthen their presence in the international arena.