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Yandex.Factory to Invest in Startups

Files under: News, Tech, Web 2.0
Posted by: admin @ 22:07 [13. 04. 11]

If you have a startup you can now sell it to Yandex right away. The leading Russian search engine company Yandex announced that its startup fabric Yandex.Factory (Яндекс.Фабрика) is going to invest in internet and mobile startups internationally. The seed and early-stage investments will range between $50,000 and $150,000.

Yandex.Factory will consider investing in the following ventures: face recognition, bar code recognition, navigation, social communuications, information analysis, user behavior analysis, and advertising technologies.

Yandex recently acquired two Russian startups such as web login service Loginza and website analytics service WebVizor. Each deal was in the range of few hundred thousand dollar.

In 2010, Yandex invested in facial recognition company Face.com from  Israel.

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