Monday 28 September 2020

Russian surveillance tech startup NtechLab nets $13M from sovereign wealth funds

Russian surveillance tech startup NtechLab nets $13M from sovereign wealth fundsNtechLab, a startup that helps analyze footage captured by Moscow's 100,000 surveillance cameras, just closed an investment of more than 1RUB billion ($13 million) to further global expansion. It's able to do so on a vast scale in real time, allowing clients to react promptly to situations It's a key "differentiator" of the company, co-founder Artem Kukharenko told TechCrunch. The latest round, financed by Russia's sovereign wealth fund, the Russian Direct Investment Fund, and an undisclosed sovereign wealth fund from the Middle East, certainly carries more strategic than financial importance.




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