North West | Finance, business

Russian steel tycoon supports fund that backs AI

9 Oct '18
Severstal, a Russian steel giant owned by the billionaire Alexey Mordashov, has invested in Chrysalix RoboValley in its first round of funding. This Dutch fund itself supports projects in artificial intelligence (AI), automated systems, and Robotics, Firrma.ru reported.

A source familiar with the deal told Firrma that Severstal Ventures, a venture arm of Severstal, has invested about $10m in the fund.

A young $100m fund, Chrysalix RoboValley also provides acceleration program services on its premises, bringing together promising start-ups and offering them technical and business support.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations:

Latest News: North West
14 May '20 | Technology & innovation
29 Apr '20 | Technology & innovation
16 Apr '20 | Finance, business
 

Feature stories

21 May '20
Russian and Italian researchers have developed a...
5 Apr '20
To extend the service life of medical fabric masks—an...
26 Feb '20
A Russian developer has come up with its own...
Search (News archive - 21985)

World of the Future, World of AI

Luc Jones: A Guide to Doing Business in Russia and the CIS Countries
Why Russians Don't Smile
Advertising
Venture_Russia_2019_eng
Advertising
NATT
Advertising
Marchmont News

Latest News

25 May '20
Ecwid, a leading provider of social commerce...
22 May '20
The Russian Cabinet is mulling over possible...
20 May '20
Sberbank, Visa and a Russian retail partner are about...

Most read stories from last week

25 May '20
Ecwid, a leading provider of social commerce...