Central regions | Finance, business | Retail, FMCG

Russian AI developer taken over by UK company

21 Mar '19
Streetbee, a Russian developer of artificial intelligence based solutions for image recognition, earlier this year was purchased by BeMyEye, a British company.

Following the closing of the deal, BeMyEye is now valued at an estimated 50 million euros. The prior Streetbee shareholders, including UltimateVC which invested in the Russian developer three years ago, have got an aggregate 20% in the merged company.

Streetbee is using crowdsourcing and machine learning technologies to collect data on retail and FMCG outlets and pharmaceutical companies. The system is capable of automatically recognizing images and analyzing/reporting how each particular item on store shelves sells. Streetbees customer list includes Unilever, PepsiCo, Mars, P&G, Royal Canin, and Nestle.
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: retail (67) / machine learning (5) / artificial intelligence (21) / images (0) / Streetbee (0) / BeMyEye (0) /

Latest News: Central regions
24 Jun '19 | Technology & innovation
24 Jun '19 | Finance, business | Technology & innovation
20 Jun '19 | Technology & innovation | Finance, business
 

Feature stories

26 May '19
This article has been written by Carl Burch, an MBA,...
4 Apr '19
Russian scientists have come up with what they say is...
29 Jan '19
Russian biologists and biophysicists have developed...
Search (News archive - 21367)
Advertising
Venture_Russia_2018
Advertising
NATT
Advertising
Independent Software Developers Forum
Advertising
Marchmont News

Latest News

26 Jun '19
Russian Railways, the national railroad operator, has...
25 Jun '19
The Skolkovo Foundation has launched its new...
24 Jun '19
Starta Ventures, a U.S.-based accelerator of Russian...

Most read stories from last week

24 Jun '19
Starta Ventures, a U.S.-based accelerator of Russian...
25 Jun '19
The Skolkovo Foundation has launched its new...
26 Jun '19
Russian Railways, the national railroad operator, has...