Central regions | Finance, business | Technology & innovation
Communicative AI gets new investment
24 Jan '20
Just AI, a developer of communicative artificial intelligence solutions, raised investment from Sovkombank, a Russian bank, and one of the major telecom companies in the country, MTS, Firrma.ru reported.
The new investors now own a total of 22.5% of Just AI at its current valuation of $40m. Both MTS and Sovkombank have also joined the Just AI board as supervisors.
Just AI is developing a platform to enable large companies to create extended assistants and bots; solutions for SMEs (its Aimylogic platform for communicative machine skills and smart bots development is reported to have more than 15,000 registered developers); as well as a special open source toolkit for developers and data scientists to control dialog and train semantic models based on advanced neural network algorithms.
“Just AI’s most recent survey showed that there are more than 50 million people in Russia who use voice assistants,” said Kirill Petrov, the managing director and the co-founder of Just AI.