The top CEOs in IT in Armenia

May 9, 2025
4 min read
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Armenia has rapidly emerged as a significant hub for information technology, driven by a vibrant ecosystem of innovative companies and visionary leaders. At the forefront of this transformation are the country’s top IT CEOs, whose leadership and strategic direction have propelled their organizations to new heights, both locally and on the global stage. This article highlights the most influential CEOs in Armenia’s IT sector, exploring their backgrounds, achievements, and the impact they have made on the industry.

Hovhannes Avoyan

Company: Picsart

Hovhannes Avoyan is the founder and CEO of Picsart, a leading creative platform for photo and video editing. With a background in computer engineering and entrepreneurship, he has played a pivotal role in shaping Armenia’s tech ecosystem. Avoyan has previously founded and exited several successful startups. Under his leadership, Picsart has grown to serve millions of users worldwide. He is recognized for his commitment to innovation and tech education.

Vahagn Poghosyan

Company: Krisp

Vahagn Poghosyan is the co-founder and CTO of Krisp, a company specializing in noise-canceling technology for remote communication. He has a strong background in machine learning and signal processing. Poghosyan has contributed to Krisp’s rapid growth and global recognition, helping users enjoy clearer online conversations. His work has earned accolades in both the tech startup and AI communities. He is passionate about building scalable solutions for global challenges.

Artavazd Mehrabyan

Company: Renderforest

Artavazd Mehrabyan is the co-founder and CEO of Renderforest, an online platform for creating videos, logos, and websites. He has a background in engineering and extensive experience in product development. Mehrabyan has led Renderforest to become a widely used tool by millions of users globally. His focus on user-friendly design and automation has set the company apart in the creative industry. He is dedicated to empowering creators with accessible technology.

Vahe Kuzoyan

Company: ServiceTitan

Vahe Kuzoyan is the co-founder and President of ServiceTitan, a software platform for home service businesses. With a background in computer science, he has helped transform ServiceTitan into a unicorn company valued at billions. Kuzoyan’s leadership has driven innovation in the field service management industry. He is committed to supporting entrepreneurs and advancing the Armenian tech community. His journey exemplifies the power of technology-driven solutions.

Aram Pakhchanian

Company: Instigate

Aram Pakhchanian is the chairman of Instigate, a prominent software and hardware engineering company in Armenia. He has a rich background in technology, education, and leadership. Pakhchanian is known for fostering innovation and supporting STEM initiatives in Armenia. He has significantly contributed to the growth of the local IT sector through Instigate and various educational programs. His efforts continue to inspire young engineers and entrepreneurs.

Ruben Harutyunyan

Company: Hexact

Ruben Harutyunyan is the co-founder and CEO of Hexact, a company focused on automation and AI-driven business solutions. He has extensive experience in the tech industry, particularly in building SaaS products. Harutyunyan has led Hexact to help businesses automate workflows and gain actionable insights. His approach emphasizes innovation and customer-centric development. He is a strong advocate for the growth of Armenia’s technology sector.

Hayk Harutyunyan

Company: SuperAnnotate

Hayk Harutyunyan is the co-founder and CTO of SuperAnnotate, an advanced platform for annotating data for AI applications. With a background in computer science and machine learning, he has developed cutting-edge tools for data labeling. Harutyunyan has played a key role in scaling SuperAnnotate globally, enabling faster and more accurate AI model development. His expertise contributes to the advancement of AI technology. He is passionate about bridging the gap between research and industry.

Karen Vardanyan

Company: gg

Karen Vardanyan is the co-founder and CEO of gg, a leading ride-hailing and transportation platform in Armenia and the region. He has a background in business and technology, with experience in scaling startups. Vardanyan has overseen gg’s expansion and innovation in the mobility sector, making transportation more accessible. His leadership has positioned gg as a key player in the regional tech market. He is dedicated to fostering local entrepreneurship and digital transformation.

Conclusion

The success of Armenia’s IT sector is a testament to the ambition, expertise, and resilience of its top CEOs. Their forward-thinking approaches and dedication to excellence have not only contributed to the growth of their respective companies but also positioned Armenia as a key player in the global technology landscape. As the industry continues to evolve, these leaders will undoubtedly play a crucial role in shaping the future of IT in Armenia and beyond.

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