Central regions | Technology & innovation | Finance, business

Yury Milner invested into US startup Flotype

11 Jan '12
American startup Flotype has raised $1.4m from Yury Milner, a Russian venture investor, co-owner of Mail.ru Group, as well as the fund Salesforce, the incubator Y Combinator, and two other partners, RBC Daily reports.

The company is engaged in development of simplified technologies of instant messages for mobile applications. The raised investment will be spent on development of new products and marketing.

The young company Flotype develops universal protocols that allow messengers to exchange data between themselves more efficiently. Darshan Shankar, the founder and director general of the company, noticed that the first Flotype product named Most, scheduled to be launched in Q1 2012, will allow to establish real-time connection between any server, any device, on any platform – iOS, Android or Windows.

According to developers, the technology does not require installation and long tuning of software, which allows fast and cheap integration. The company’s business-model assumes charging subscription fees from client-companies, Mr, Shankar said.

DST Global assured RBC Daily that this was Mr. Milner’s personal investment, unrelated to the group’s financial activity. The company would not provide further details.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations:

Tags: Yury Milner (8) / Y Combinator (0) / Salesforce (0) / Flotype (0) /

Latest News: Central regions
23 May '12 | Technology & innovation
23 May '12 | Technology & innovation
21 May '12 | Technology & innovation
18 May '12 | Technology & innovation
 

Feature stories

21 May '12
Scientists from Kazan National Research Technological...
16 May '12
10 May '12
Russia’s Rusnano has bought into California-stationed...
Search (News archive - 17813)
Advertising
InvestecUSA

Latest News

23 May '12
Biopolymer will invest $795m into biotechnological...
23 May '12
Tomsk-made innovative nanobandage “Vitavallis” will...
23 May '12
Trackpore Technology to launch its plasmaphairesis...
Kendrick White starts with this series of postings sharing his thoughts of where, in his opinion, Russia should go to reinvent itself.

Most read stories from last week

21 May '12
Scientists from Kazan National Research Technological...
21 May '12
Konstantin Novoselov, a Russian physicist, living and...
21 May '12
RUSNANO and Arkhangelsk region will set up a center...