Sabancı Ventures invests in Bulutistan and Zack.ai

11.04.2022

Sabancı Group's corporate venture capital fund, Sabancı Ventures, has made two new investments as part of its long-term growth strategy focusing on the "new economy." Sabancı Ventures has become a shareholder in Bulutistan, a domestic cloud system integrator that offers hybrid cloud solutions such as data storage and cloud management to its customers, and Zack.ai, a company specializing in artificial intelligence-based smart assistant services. These investments bring the total number of startups in Sabancı Ventures' portfolio, established in 2020, to four.

Bulutistan, which offers solutions such as virtual servers, firewalls, databases, and technical support, was named the fastest-growing technology company in Turkey by the Deloitte Technology Fast 50 Turkey 2019 program. In 2020, the company received the IBM Beacon award in the technology and innovation category.

On the other hand, Zack.ai develops smart voice assistant and bot products using natural language processing with a 90-95% understanding rate to replace call centers. In addition, the startup's bot products feature a ‘mood analysis’ feature that uses algorithms to categorize opinions expressed in text and determine whether customer attitudes are positive, negative, or neutral.

Sabancı's investment in these companies will also contribute significantly to the international growth of startups, as Sabancı operates with seven different business partnerships in a total of 13 countries and has long-term partnership experience with multinational companies.

"The New Economy Will Be the Most Important Element of Our Growth Strategy"

Gökhan Eyigün, President of Sabancı Holding's Strategy and Business Development Group, commented on the investments, saying, "To realize our vision to create a Sabancı Group that constantly renews itself, develops, strengthens, and quickly adapts to the changing world economy, one of the most important parts of our strategy is to invest in companies that represent the future. In this context, we make the Sabancı Group ecosystem available to startups and enable them to use the Sabancı network to access global markets. As we are a group with a global footprint, bringing initiatives we interact with to the geographies we have access to is one of our most important contributions to the ecosystem in terms of globalization."

Mr. Eyigün emphasized that energy and climate technologies, material technologies, and digital technologies, referred to as ‘new economy,' will be the most critical elements of the Sabancı Group's growth journey in the coming period: "When we say digital technologies, we are talking about cybersecurity, digital marketing, cloud technology, advanced data analytics, the internet of things, and software development. Therefore, we have initiated an investment period within the Sabancı Group in which these areas will come to the fore. Furthermore, we aim to increase efficiency and cost advantage in our processes by taking advantage of innovation and the digital world, to create added value for our customers by integrating our products with new technologies, and to access new markets. Sabancı Ventures, with its investments in startups, and SabancıDx, with its strategic investments, will be the driving force behind this entire restructuring.”