Larnabel Ventures, a Moscow-based company founded by the Gutseriev family to invest in IT, and VP Capital, a venture fund backed by Belarusian businessman Viktor Prokopenya, have teamed up to invest $2 million in Read2play, as reported by VentureBeat earlier this month. Developed by Belarusian AI startup FaceMetrics, this app presents itself as “not just …
Russian and Belarusian funds invest $2 million in AI startup Read More
Under the five-year contract, US Lighting Group, a major producer of LED bulbs, gains the exclusive rights (for $600,000) to sell Promobot’s friendly, talking promotional robots in the U.S., and has put down an advance order for more than 2,000 robots, worth $56 million. “This is one of the biggest deals in the history of …
Russian robot maker strikes giant deal with US company Read More
Yesterday the Russian search giant announced the launch of a new smart speaker, Google Home style. Dubbed Yandex.Station, the device “not only our first hardware product, but also the first smart speaker [made] for the Russian market,” Yandex stated. Yandex.Station includes such basic functions as creating alarms and playing music hands-free, but also “incorporates a full video streaming experience,” according …
In late March Flint Capital, a fund with Russian roots operating internationally, participated in a $11.3 million Series A round for Audioburst, an Israel-based audio search startup. The news was reported in late March by Calcalistech. The round was led by Samsung, which invested $4.6 million through its venture arm Samsung Ventures, with participation from Japanese …
Just two months after the Russian cybersports market witnessed two major acquisitions and a $30 million ICO, Gosu.ai, a Russian-founded startup from this industry announced via Twitter that it attracted $1.9 million in funding. The round was led by Runa Capital, a VC fund with Russian roots, with participation from its existing investor Sistema VC, the venture arm …
Russian-Lithuanian startup Gosu.ai raises $1.9 million from Russian and French investors Read More
On April 19, the Russian capital will host the second edition of the international conference on artificial intelligence application in business AI Conference. The event is a platform for developers, entrepreneurs, startups, creators of Big Data-powered platforms and AI-powered companies to network. Experts will discuss the use of artificial intelligence in medicine, retail, insurance, marketing, …
Moscow to host international AI conference (April 19) Read More
AddVenture and Target Global Fintech Opportunities have injected 60 million rubles (roughly $1 million) to support Pravoved.ru, a legal consulting platform, the Russian media reported last week. The Pravoved legal consultants serve 7 million users per month — a record in Russia and even Europe, claims the company. The data accumulated over the years by this remote legal …
Russian robot-lawyer secures $1 million from two major funds Read More
Earlier this month HealthifyMe, which presents itself as India’s leading e-health and fitness platform, announced the completion of a $12 million series B round of funding led by Sistema Asia Fund, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema. The round also involved Silicon Valley-based Samsung NEXT, Singapore’s Atlas Asset Management and …
Russia’s Sistema Asia Fund invests in Indian startup offering “world’s first AI coach” Read More
Earlier this week Russian startup Stafory announced a partnership with Alroid Group to commercialize Vera, its AI-powered recruiting robot, in the United Arab Emirates (UAE). Vera goes along the recruitment chain, from search and selection of potential employees across the largest recruitment sites, to calls and invitation of suitable applicants, to a video or face-to-face interview. “Hello! …
Russian robot to help recruit 25,000 people in Dubai Read More
Moscow Institute of Physics and Technology (MIPT, also known as Phystech) has teamed up with Oleg Tinkov and Tinkoff Bank managers to establish a 100 million-ruble (nearly $1.8 million) endowment fund for artificial intelligence and machine learning research. The fund — the largest MIPT endowment thus far — was initiated by Artem Yamanov and Evgeny Ivashkevich, MIPT graduates and currently …
Earlier this week Neuromation, a Blockchain and distributed synthetic data platform for deep learning applications, announced that it sold 60 million of its tokens just eight hours after the start of its public sale. This brings the amount raised during both the pre-ICO and ICO campaigns to the total equivalent of $50 million. Contributors from …
Neuromation raises $50 million through ICO “to democratize the AI industry” Read More
After struggling personally with the U.S. visa application process, a young Russian entrepreneur, Artem Goldman, created an artificial intelligence chatbot to help other immigrants and tech professionals who are moving to Silicon Valley. The service has already helped more than 100,000 people apply for green cards and visas. Visabot was launched in the U.S. in autumn 2016, just before the presidential …
Russian startup aims to help immigrants “make America great again” Read More
