Magazine Button
MTS AI Center launches US$100 million Artificial Intelligence fund and global accelerator

MTS AI Center launches US$100 million Artificial Intelligence fund and global accelerator

Digital TransformationRussiaTelecomTop Stories

MTS AI Center, an international AI subsidiary of Russia’s largest telecom operator, MTS, has announced the launch of a US$100 million AI fund and accelerator to spearhead the development and commercialisation of AI solutions and promising AI start-ups across Asia, Europe and North America. 

Alexey Posternak, Chief Financial and Investment Officer and member of the BoD MTS AI Center, said: “The guiding vision for MTS Artificial Intelligence Center is to establish itself as an AI institute with deep technical expertise, boosting the capabilities of its investee firms to bring new products to the market.” 

The VC fund and accelerator platform, Intelligent Machines (Intema), will focus on supporting Artificial Intelligence start-ups with smart money: financial support, deep technical and business expertise, access to computing power and networking, leveraging its world-class AI experts and the established position of its parent company, MTS, a leading multinational with expertise in telecoms, FinTech, cloud technology, Big Data and AI.  

Over the next three years, the MTS AI Center will invest more than US$100 million in AI start-ups via a venture fund that will invest up to US$20 million in individual projects and companies, and a start-up accelerator that will invest up to US$100,000 per project.

Click below to share this article

Browse our latest issue

Intelligent CIO Europe

View Magazine Archive