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 (24) / images (0) / Streetbee (0) / BeMyEye (0) /

Latest News: Central regions
23 Aug '19 | Technology & innovation
22 Aug '19 | Materials, extraction | Finance, business
22 Aug '19 | Technology & innovation
 

Feature stories

25 Jul '19
Russian scientists have come up with a new method of...
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...
Search (News archive - 21442)
Advertising
Vox_Angelis
Advertising
NATT
Advertising
Venture_Russia_2018
Advertising
Marchmont News

Latest News

23 Aug '19
Sberbank, Russias largest savings bank, is said to...
22 Aug '19
A Russian VC fund and a famous American accelerator...
21 Aug '19
Russias largest savings bank may soon launch its own...

Most read stories from last week

22 Aug '19
A Russian VC fund and a famous American accelerator...
23 Aug '19
Sberbank, Russias largest savings bank, is said to...