Six months after its launch, the IPO Board platform has attracted no fewer than 90 non-listed startups, enabling them to trade their shares electronically through private placements. An initiative of the Moscow stock exchange, IPO Board – also known in Russian as RII-board – has enjoyed the support of RVC and Rusnano, two state-owned organizations dedicated to innovation.
One of the participating startups, Balakam, has been identified as one of the best companies on the IPO Board platform, RVC reported earlier this week.
As reported earlier this year by East-West Digital News, Balakam has developed and patented particular search algorithms and an advanced web crawling technology to retrieve and index live media streams throughout the Internet. This includes live broadcasting from websites, TV channels on location, and even web cameras transmitting live audio and/or video content over the Internet.
A prototype system is currently available at their project website. The commercial launch of Balakam’s product is slated for the end of this year.
Based in Nizhny Novgorod, Russia’s fourth largest city, Balakam is a portfolio company of RVC’s Seed Fund and a resident company of Skolkovo, the state-sponsored tech hub under construction near Moscow.
