Central regions | Finance, business | Technology & innovation

Machine learning tech of Russian origin sold to Koreans

9 Jan '19
Stickeroid AI, a two-year-old start-up, has sold its technology to a Korean group of companies called Naver, Rusbase reported, citing Stickeroid AI CEO Viktor Kokh. The deals value has yet to be disclosed.

The Cyprus-based company of Russian origin is developing a cloud platform that applies machine learning to converting words into stickers.

According to Mr. Kokh, its not the company thats been sold in the deal; its only part of the technology.

In late November 2018, Stickeroid AI joined the winners of a special start-up competition called GoTech, and was eligible for a $200K prize from AD.ru, a Russian investment fund. The start-up didnt receive the prize, though, because it refused to negotiate terms as it was preparing for the Korean deal.
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Tags: machine learning (5) / stickers (0) / Stickeroid AI (0) / Naver (0) /

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