ProdMap AI is a platform for product managers. The company aims to create a platform that will change the way companies develop products and help them improve the speed of their implementation. Project managers will be able to use the platform to guide the entire product cycle

ProdMap AI raises $250,000 BigStory VC plans to invest $10 million in approximately 24 Armenian startups over two years. A start-up boom is expected in Armenia in the next 10 years. BigStory VC, collaborating with other Armenian venture funds, will enable startups to make big rounds in Armenia.

In general, the IT sector in Armenia over the past 10 years has shown unprecedented growth, recording an average annual growth of 23%. Over the past 2 years, more than 20 start-up companies in Armenia have received a total of $700 million in investments. Armenian start-ups with less than 30 employees are exempt from income tax until the end of 2023, and the income tax for employees is 10%. As of 2021, the total turnover of IT companies operating in Armenia exceeded $1 billion. As of 2021, the industry employs 29,000 professionals.