What QazCode does

QazCode is a Kazakhstan-based software development company headquartered in Almaty that operates as the dedicated AI and software subsidiary of VEON Ltd., a NASDAQ-listed telecommunications group. Founded in 2023, the company develops large language models, sovereign AI infrastructure, and local-language digital solutions targeted at VEON's telecom operations across Kazakhstan, Uzbekistan, Ukraine, Pakistan, and Bangladesh — markets collectively serving more than 150 million end users.

Its flagship product is KazLLM, positioned as the first large language model developed specifically for the Kazakh language, alongside a broader suite of local-language AI services covering text classification, extraction, summarization, generation, and agentic AI capabilities. The platform architecture emphasizes data sovereignty, with locally-deployed AI infrastructure designed to comply with domestic data residency requirements across multiple jurisdictions — a structural choice that targets under-resourced languages and cultures typically underserved by global AI providers.

Commercially, QazCode operates as an internal software arm within VEON's corporate structure. Its stated revenue model is subscription-style recurring, with AI services deployed directly through VEON's telecom subsidiaries rather than via an independent external sales motion. Go-to-market is effectively enterprise field sales to the parent group's operating companies. A strategic cooperation agreement with MeetKai (signed November 2025, expanded via an MOU at Mobile World Congress Barcelona in March 2026) underpins the next-generation LLM roadmap. Leadership is headed by CEO Oleksii Sharavar, who has publicly articulated international expansion ambitions including entry into Qatar.

Name

QazCode

Legal name

QazCode

Website

https://qazcode.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

501–1,000 employees

Short description

QazCode is the AI software subsidiary of VEON Ltd., developing local-language large language models — including KazLLM, the first Kazakh LLM — and sovereign AI infrastructure for telecom operators across Kazakhstan, Uzbekistan, Ukraine, Pakistan, and Bangladesh.

Ownership category

akta.pro rank

Product category

Enterprise AI Software

NAICS

Custom Computer Programming Services (541511), Computer Systems Design and Related Services (54151)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Programming Services (7371)

akta.pro primary industry

Generative AI & LLM Solutions Services (RAG, Agents, Copilots) (BPAEAHAG)

akta.pro secondary industries

Speech Translation & Multilingual Speech Tech (HDAAAFAE), Question Answering & Retrieval-Augmented Generation (RAG) (HDAAADAC)

Keywords

• Enterprise AI solutions
• Large language models
• Sovereign AI infrastructure
• Local language AI
• Telecom AI services

Headquarters

HQ city

Almaty

HQ country

Kazakhstan

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Enterprise AI Solutions: QazCode operates as a software subsidiary of VEON, developing and deploying AI solutions for VEON's telecom operations across multiple countries. Revenue is generated through internal software development and AI services deployment to VEON's operating markets.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

QazCode develops and trains large language models (LLMs) and AI-powered digital services for local languages and cultures, deployed across telecommunications operators and enterprises. Its flagship product is KazLLM, the first Kazakh large language model, alongside broader local-language AI services for Kazakhstan, Uzbekistan, Ukraine, Pakistan, and Bangladesh designed to meet domestic data sovereignty requirements.

Product overview

QazCode is a software company and AI subsidiary of VEON, providing Enterprise & Telecom AI Solutions. The company operates as a platform focused on national AI capabilities, with its flagship product being KazLLM (the first Kazakh large language model) and local language AI services. QazCode develops and trains large language models for VEON's markets, serving over 150 million customers across Kazakhstan, Uzbekistan, Ukraine, Pakistan, and Bangladesh with culturally fluent, linguistically inclusive AI capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• KazLLM (Kazakh Large Language Model) The first Kazakh large language model, representing QazCode's pioneering national AI capability. It is designed to serve local language and cultural requirements with sovereign AI infrastructure for telecommunications operators and enterprises operating in Kazakhstan.
• Local Language AI Services AI-powered digital services leveraging large language models trained for local languages and cultural contexts across Kazakhstan, Uzbekistan, Ukraine, Pakistan, and Bangladesh. Services comply with domestic regulations and support data sovereignty requirements for telecom operators and enterprises.

Quantifiable outcome

• 150+ million customers targeted with nationally governed AI capabilities

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• MeetKaicoreStrategic or Co-development Partner · 3 March 2026QazCode and MeetKai signed a memorandum of understanding at Mobile World Congress in Barcelona to explore launching sovereign, locally-deployed AI infrastructure across VEON markets. The partnership combines VEON's regional footprint and data center capabilities with MeetKai's sovereign AI platform and local language models. This builds on an earlier collaboration initiated in November 2025 for developing next-generation large language models.
• MeetKaicoreStrategic or Co-development Partner · 25 November 2025QazCode and MeetKai signed a strategic cooperation agreement to develop and train local-language large language models and deploy AI services across VEON's markets including Kazakhstan, Uzbekistan, Ukraine, Pakistan, and Bangladesh. The partnership aims to create sovereign, culturally fluent AI platforms that respect data sovereignty and support various local sectors.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Emerging players

• LightOn: France-based enterprise AI company offering sovereign LLM and generative AI infrastructure for regulated European clients. Comparable in its sovereign-AI positioning and enterprise focus, though operating in a more mature market than QazCode's emerging-market footprint.

Regional players

• Naver HyperCLOVA X: South Korean hyperscaler Naver's HyperCLOVA X is a sovereign Korean-language LLM platform comparable to QazCode in its focus on a single under-resourced language and tight integration with a domestic digital ecosystem.
• Yandex YaLM: Russian-language LLM family developed by Yandex. Comparable to QazCode's KazLLM as a sovereign LLM built for a single regional language with strong domestic distribution, though Yandex operates at a vastly larger scale.

Broad incumbents

• OpenAI: Global generative AI leader whose GPT models increasingly support non-English languages. Represents the broad competitive incumbent QazCode differentiates against through local-language specialization and sovereign deployment.
• Cohere: Enterprise-focused LLM provider offering multilingual models with deployment options for regulated industries. Broader incumbent in the sovereign/enterprise LLM space where QazCode competes at a regional niche level.

Direct peers

• Aleph Alpha: Germany-based sovereign AI company offering enterprise LLM services with strong data-sovereignty and European regulatory compliance positioning. Comparable to QazCode's sovereign-AI thesis applied to a different linguistic and regulatory region.
• Inception (G42): UAE-based AI company within G42 that developed Jais, the leading Arabic large language model. Highly comparable to QazCode as a sovereign, regionally focused LLM developer targeting under-resourced languages and regulated markets in the Middle East and adjacent regions.
• Sarvam AI: India-based AI company developing Indic-language foundation models for India's diverse linguistic landscape. Closely mirrors QazCode's strategy of building sovereign LLMs for under-resourced local languages with regulatory and cultural fit as the primary value proposition.
• AI71: UAE-based AI company building Arabic-first and multilingual sovereign LLMs derived from the Falcon model family. Directly comparable to QazCode's model of localized LLM development for regulated, non-English markets.
• MeetKai: US-based sovereign AI platform and QazCode's named strategic partner. Both build sovereign, locally-deployed LLM infrastructure for emerging markets with strong emphasis on data residency and culturally adapted models, making MeetKai the closest functional peer despite the partnership relationship.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks2 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about QazCode