Magnus: A Fast-growing R&D Innovation Firm in Big Data
When Esra Ulasan (CEO, Magnus) was pursuing her doctoral degree at North Carolina State University in the field of Econometrics, she developed the portfolio recommender algorithm together with Prof. Dr. Mehmet Caner. When they met Ercan Gumus, a serial entrepreneur who was working both in Turkey and the United States, he came up with the idea that this system can be a good business. Ulaşan’s mentor Prof. Dr. Özlem Önder from Ege University also joined them and they started Magnus, named Akillifon back then. Despite many investors warning them about stepping into a very harsh market, they ensured to grow…