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11 July 2016

Russian startup VisionLabs raises $5.5m from Sistema VC

Sistema's corporate venturing fund has paid $5.5m for a 25% stake in the facial recognition, data and robotics technology developer.

Author: East-West Digital News

VisionLabs, a Russian startup specialising in facial recognition, data analysis and robotics, announced today that it has secured RUB350m ($5.5m at the current exchange rate) from Sistema Venture Capital. The fund received a 25% stake, valuing the startup at $21.5m.