AR/VR

New Russian AI and cloud investment firm backs 3D rendering company Megarender

November 19, 2020

Russian 3D rendering company Megarender has secured $3 million from Scalo Technologies, a firm launched earlier this year to invest in artificial intelligence and B2B cloud services. Megarender facilitates access to powerful servers to increase considerably the speed of 3D rendering. Customers may thus use such software as 3ds MAX, Arnold, Blender, Cinema 4D, Corona Renderer, …

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Moscow subway to deploy facial recognition surveillance system

November 12, 2020

The subway cars working in the Moscow Metro will soon be equipped with facial recognition systems, reports the BBC Russian Service. According to a tender announced on July 9, the Moscow Mayor’s Office is spending 1.4 billion rubles (more than $19.7 million) on the purchase of the necessary surveillance cameras and specialized software. The first stage …

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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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WayRay secures $80 million from international consortium, targets $1 billion valuation in 2019

September 19, 2018

Wayray, a startup with Russian origins which has developed holographic AR displays for cars, has attracted $80 million in a Series C round led by Porsche and China Merchants Capital, a major Chinese investment firm. The other investors are Hyundai Motor, Alibaba Group, JVCKENWOOD and a consortium of sovereign funds. These include the Russia-Japan Investment Fund, established last year, alongside the …

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Moscow-based “funtech incubator” invested in 20 companies in one year

August 29, 2018

The Moscow-based investment firm FunCubator has invested 35 million rubles ($550,000) in PlatformaVR, a Russian VR-oriented game publisher. The deal was closed in April and publicly announced earlier this month. The funding will be used to create new content as well as for PlatformaVR’s international expansion. The startup has “one of the strongest teams in …

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Russian startup builds decentralized marketplace to make VR content accessible to all

April 24, 2018

This story is an excerpt from an industry report on the Blockchain and ICO markets in Central and Eastern Europe, recently published by EWDN and ICObench. Over the last several years, augmented reality (AR) and virtual reality (VR) have have been regarded as promising segments in the entertainment industry, with all major technology firms vying …

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Startup with Russian roots aims to build “universal AR infrastructure” and deploy its “Digital Land” across the world

March 19, 2018

A startup named Arcona is developing a “universal augmented-reality infrastructure,” aiming nothing short of building “a blockchain ecosystem” and “an AR layer to merge together real and virtual worlds.” Arcona says its project makes use of the latest scientific achievements in the fields of computer vision, prototyping and neurobiology. It is building upon the technologies developed …

Startup with Russian roots aims to build “universal AR infrastructure” and deploy its “Digital Land” across the world Read More

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