Toruk MAGIC Deep Technology Valued at $2.5 Million in Investment
Toruk MAGIC Deep Technology, a company affiliated with Cube Beyoğlu, the incubation center of Teknopark Istanbul, received a $2.5 million investment with a valuation from entrepreneur Sinem Dede, who operates in the field of mobile electronics and communication device trade.
Toruk MAGIC Deep Technology develops artificial intelligence-based software with machine learning capabilities, and their software directs the right products/services to the right customers. Continuing its operations at Cube Beyoğlu within Teknopark Istanbul’s Beyoğlu Incubation Center, Toruk MAGIC Deep Technology is working on a project to convert the corporate service known as MAGIC (Meaningful Artificial Logic) into a rentable software service (SaaS) that will “bring justice to digital promotion processes.” The project is said to encompass both paid and free digital marketing methods, with its most important feature being its ability to show the right product to the right customer.
Success guaranteed in every geography!
Through its developed MAGIC method, Toruk MAGIC Deep Tech reduces marketing costs while simultaneously increasing sales volumes. This method achieves the same success with necessary location optimizations in every geography, from Turkey to Europe and from Europe to the United States.
Alihan Çetin: “Thanks to MAGIC, we can show the right content to the right person.”
Alihan Çetin, CTO of Toruk MAGIC Deep Technology, stated that these days, when artificial intelligence and machine learning are just beginning to be used, actually shed light on the future, emphasizing that businesses that do not invest in deep technology and do not renew themselves may face difficulties. Çetin shared that the investment they received provides a great opportunity to develop the MAGIC SaaS project and make a mark on the international stage. He continued by saying: “In the days when artificial intelligence was not popular, we were working on training MAGIC intelligence to educate search engines, social media accounts, and internet advertisements in the digital universe. Now, thanks to MAGIC, we can show the right content to the right person.”
Bilal Topçu: “Our main motivation is to provide an environment for innovative ideas and projects.”
Bilal Topçu, General Manager of Teknopark Istanbul, emphasized that their main motivation at Teknopark Istanbul has always been to provide an environment for the development of innovative ideas and projects. He stated:
“As the deep technology center hosting 12 universities and the first incubation center in Turkey with its thematic areas, Cube Beyoğlu is an ecosystem that serves 400 entrepreneurs simultaneously in the heart of Istanbul. What we value most in Cube Beyoğlu, which is an important step in the construction of the Turkey Century, is to create an environment for the development of projects and to work to be the leading Technopark in our region. Some of the opportunities we offer to entrepreneurs in our incubation centers include training and events in designated areas according to needs and demands, regular mentoring, meetings with venture groups at monthly intervals, collaborations with universities and corporate/global companies, and one-on-one meetings with investors. Toruk MAGIC Deep Technology is a company that continues its activities within the Cube Beyoğlu ecosystem, developing artificial intelligence-based software with machine learning capabilities. They aim to provide a ‘rentable software service that educates artificial intelligence in digital marketing processes’ with their project. It is a prideful development for our country and Teknopark Istanbul Incubation Center that they received investment for their project to develop the ‘artificial intelligence-educating digital marketing model.’ I congratulate everyone who contributed to this project and extend my thanks to the entrepreneur who made the investment.”