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
9 Oct '18 | Finance, business
10 Sep '18 | Finance, business | Technology & innovation
24 Aug '18 | Finance, business | Technology & innovation
7 Aug '18 | Technology & innovation
 

Feature stories

27 Aug '18
7 Jun '18
Russian scientists have come up with a new method of...
3 Apr '18
In regions most of European Russians will hardly ever...
Search (News archive - 21280)
Advertising
RB_Partners_Report
Advertising
Independent Software Developers Forum
Advertising
Marchmont News

Latest News

15 Oct '18
InSize, a Russian company, has developed and is...
11 Oct '18
Russia is stepping up support for developers of IT...
10 Oct '18
Primer Capital, a Russian venture fund, has invested...

Most read stories from last week