Artificial intelligence

Russian and Belarusian investors back AR technology developer Banuba

December 4, 2018

Larnabel Ventures, a company founded by Russian businessman Said Gutseriev, and VP Capital, a venture fund backed by Belarusian businessman Viktor Prokopenya, have teamed up to invest $7 million in Banuba. Born in Belarus but now registered in Hong Kong and operating internationally, this startup develops innovative AI technologies and AR apps. Users are provided with an experience …

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International AI conference to attract top scientists, corps, startups and investors in Moscow (Dec. 14-16)

December 19, 2018

On Dec. 14-16, Moscow will play host to A!One World, a three-day event dedicated to artificial intelligence and its applications in five industries: finance, retail, medicine, energy and agriculture. Topical sessions will also cover the automotive sector, creative industries, marketing and advertising, as well as AI practice and prospects in physics, space, geology and ecology …

International AI conference to attract top scientists, corps, startups and investors in Moscow (Dec. 14-16) Read More

PicsArt to open AI lab in Moscow

October 12, 2018

PicsArt, a Californian startup with Armenian roots, is opening a an AI lab in Moscow. The company is planning to hire 20 local engineers and invest up to $2 million in the facility. The lab will help PicsArt develop  AI approaches for photo filters, AR cameras, and advertising. Such companies as Microsoft, SAP and Samsung also …

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Severstal Ventures backs international fund to invest in intelligent systems and automation solutions

November 12, 2020

Severstal Ventures, an investment vehicle created earlier this year by the Russian steel and mining giant Severstal, has backed the first round of the Chrysalix RoboValley fund (Chrysalix RBV GP Ltd), along with other corporations. The amount of Severstal Ventures’ contribution has not been disclosed officially, but in an exchange with Russian business daily Vedomosti, …

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VKontakte develops object recognition and artificial intelligence tools to boost social commerce

October 2, 2018

VKontakte (VK), Russia’s leading social network and a property of Mail.Ru Group, is developing a technology for object recognition in photos and video recordings, with a special button to purchase the corresponding products in just one click. The project was unveiled at a recent meeting with investors and analysts, the TASS news agency reported last …

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AI-powered service marketplace raises $17 million to “disrupt the classifieds market”

September 23, 2018

YouDo.com, a platform that matches people requesting and providing day-to-day services, has raised $17 million in an equity funding round led by mobile operator MTS, as reported by the business daily Kommersant. MTS put $12 million on the table, while undisclosed amounts were brought by Sistema Venture Capital (one of the investment vehicles of Sistema, a …

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Skolkovo to cooperate with Japan in the fields of AI, Big Data and IoT

September 14, 2018

Earlier this week, on the eve of the Eastern Economic Forum, the Skolkovo Foundation signed a memorandum of understanding with Japan’s IoT Acceleration Consortium. The agreement followed talks between Russian President Vladimir Putin and Japanese Prime Minister Shinzō Abe in Russia’s Far Eastern port city of Vladivostok. The IoT Acceleration Consortium aims to foster the development of technologies related …

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Russian startup found out how to measure the impact of online communications on offline sales

September 13, 2018

It has been difficult so far to assess the efficiency of online advertising to drive offline purchases. In the absence of precise tools, advertisers and agencies can rely only on conventional online metrics such as click-through-rate, which do not tell much about what happens after the users left their screens. Segmento, a programmatic platform based …

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House-call doctor service DOC+ secures $9 million from Vostok New Ventures, Yandex and Baring Vostok

August 20, 2018

The Russian house-call doctor service DOC+ has secured $9 million in a round led by Swedish fund Vostok New Ventures VNV), with participation from existing shareholders Yandex and Baring Vostok Capital Partners. The deal, which took place in the second quarter of this year, according to the VNV’s latest financial report, was reported in details yesterday by …

House-call doctor service DOC+ secures $9 million from Vostok New Ventures, Yandex and Baring Vostok Read More

Russian-founded startup raises $5.7 million to help crowdworkers and data scientists work together

August 14, 2018

Dbrain, a startup that “turns raw data into real-world AI,” has just raised $5.7 million from Angelvest and Bitfury Group. Two distinct deals were closed in late July, the startup’s press service told us: an equity and a private token sale, of $3 million and $2.7 million respectively, with a group of cryptocurrency traders contributing to the token sale. …

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After praising stalinism, Yandex’s AI assistant takes on Putin

August 7, 2018

Launching ‘Alice’ in October last year, Yandex presented this conversational intelligent assistant as being able to “carry free-flowing ‘chit-chat’ conversations with users that can surprise and delight them.” Far from being “restricted to a set of predefined scenarios,” Alice would demonstrate “a distinct personality with a sense of humor,” the Russian search giant announced. These …

After praising stalinism, Yandex’s AI assistant takes on Putin Read More

UK company launches Russian-to-English “Neural Machine Translation” with 90% accuracy

July 11, 2018

In late June SDL, a UK-based developer of language translation technologies, announced that its solution, a next-gen Neural Machine Translation 2.0, has learned to translate from Russian to English with “over 90% of its output labelled as perfect by professional Russian-English translators.” “A machine running SDL NMT 2.0 can now produce translations of Russian text …

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