Timur Turlov invested $1,000,000 in a Kazakh startup
Today, the media spread the news that the Kazakh startup Cerebra received a $1 million investment from Timur Turlov, head of Freedom Holding Corp. and a member of the Forbes global list. The company started its journey as a member of the international technopark of IT startups Astana Hub, and later entered the TOP-10 best startups in Kazakhstan in 2020.
About the project: Cerebra is developing AI-based software for rapid stroke diagnosis. To date, the service is already being used in pilot mode in 8 hospitals in Kazakhstan.
What is the value of the product? Artificial intelligence embedded in the Cerebra platform is able to recognize a stroke within 10 minutes. As a result, the patient is given immediate treatment and the risks of disability and mortality are minimized.
Why is it important? According to statistics, in Kazakhstan, a stroke is a disease that leads to death more often than others - every second patient dies (52%). Kazakhstan is in the top 30 countries in terms of stroke mortality in the world, and 80% of the survivors remain disabled.
“This successful closing of the SEED funding round from Timur Turlov equalizes our chances in the fight against global competitors and will allow us to go beyond the borders of the Republic of Kazakhstan,” says Doszhan Zhusupov, CEO of Cerebra.
Recall that all participants of the international technopark of IT start-ups Astana Hub receive tax preferences. Preferences exempt participants from paying taxes such as CIT, VAT, VAT on imports of goods, royalty tax, PIT and social tax for non-residents. Such a measure of state support allows IT companies to reinvest the saved funds in the development of their projects.