Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Mail Ru Group Ltd    MAIL

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Mail Ru : My.com Invests in Neural Network Technology Based Mobile App Prisma

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/21/2016 | 04:25pm CET

21.06.2016

My.com Invests in Neural Network Technology Based Mobile App Prisma

My.com has become an investor in Prisma, a mobile app created by the team of Russian developers that goes viral globally and within a week after launch tops charts in 10 countries. Prisma uses deep learning techniques for image processing. Deal terms are not disclosed.

Prisma app offers image processing based on deep learning. The iOS version was launched on June 11, 2016, and became one of the most popular apps on the App Stores of ten countries including Russia, where, according to the internal data provided by the Prisma team, it reached 650,000 installs. According to App Annie, Prisma got a rating of 4.5 in the US and Russia, and 4 in Germany. The Android version is scheduled for release in July 2016.

'We are inspired by the fantastic success of this app conquering the world so rapidly with its beautifully simple idea and unprecedentedly fast technology. Prisma's team has done a great job, and we will be happy to participate in this project as an investor. Artificial intelligence and neural network will bring a lot of change in all types of media content and we are happy to support such startups. We will continue investments into this perspective trend further', says Dmitry Grishin, Chairman of the Board of Mail.Ru Group/My.Com.

'I am really happy that My.com is investing into our project. I've gained a lot of experience working for My.com. The company provides great technological grounds for new projects, it's open for dialogue and long term cooperation as an investor. My.com proves the best possible partner and investor for Prisma', says Alexey Moiseyenkov, Co-founder and CEO of Prisma.

XBT Holding and Gagarin Capital Fund are also investors in the project.

[Attachment] [Attachment]

mail.ru Group Ltd. published this content on 21 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 June 2016 14:25:02 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MAIL RU GROUP LTD
12:00p MAIL RU : Russia's MegaFon mobile operator to buy stake in Mail.ru internet majo..
01/11 MAIL RU : DBMS Tarantool to Help Yota Interact with Its Customers
01/06 MAIL RU : MegaFon taking over online social networks VK, OK
2016 MAIL RU : Information on Traffic Is Now Available in MAPS.ME for iOS and Android
2016 MEGAFON : to become a leader in digital convergence, announces intention to acqu..
2016 MAIL RU : Product collaboration between Megafon and Mail.Ru Group
2016 MAIL RU : ICQ for iOS Has Integrated Neural Networks to Process Photos and Video..
2016 MAIL RU : ICQ Messenger Now Supports CallKit, the Latest iOS Technology
2016 MAIL RU : MegaFon May Acquire Majority Stake in Mail.ru
2016 MAIL RU : MAPS.ME Creates Routes with Uber
More news
Sector news : Internet Services - NEC
02:08p Verizon earnings and subscriber additions fall short of estimates
08:48aDJALPHABET : Foreign Hire Exits China's Xiaomi -- WSJ
08:48aDJYahoo-Verizon Deal Pushed Back -- WSJ
08:48aDJWHAT'S NEWS : Business & Finance -- WSJ
01:57aDJVERIZON COMMUNICATIONS : Yahoo Sees Verizon Deal Taking Longer Than Expected -- ..
More sector news : Internet Services - NEC
News from SeekingAlpha
2016 Why Naspers Is A Solid Choice For International Growth
2016 Why Naspers Is An Undervalued Tech Play On The Developing World
2015 RSX - NOVEMBER REVIEW : The Share Price Driven By Geopolitical Factors
2015 NASPERS : The Best Asset Manager In The Media And Internet Services Space
Advertisement
Financials ( RUB)
Sales 2016 40 187 M
EBIT 2016 13 473 M
Net income 2016 11 223 M
Finance 2016 9 747 M
Yield 2016 11,5%
P/E ratio 2016 20,01
P/E ratio 2017 21,90
EV / Sales 2016 5,31x
EV / Sales 2017 4,42x
Capitalization 222 947 M
More Financials
Chart MAIL RU GROUP LTD
Duration : Period :
Mail Ru Group Ltd Technical Analysis Chart | MAIL | US5603172082 | 4-Traders
Full-screen chart
Technical analysis trends MAIL RU GROUP LTD
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 1 174  RUB
Spread / Average Target 9,6%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Dmitry Grishin Chairman & Chief Executive Officer
Matthew Charles Perrins Hammond MD, CFO, Director & Head-Investor Relations
Vladimir Nikolsky Chief Operating Officer
Vladimir Gabrielyan CTO, VP & Head-ECommerce Business
Aleksandr Gornyi Director-Information Technology
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
MAIL RU GROUP LTD-1.91%3 759
NASPERS LIMITED5.54%69 272
NETFLIX, INC.10.98%58 960
LESHI INTERNET INFO. &..--.--%11 269
WEIBO CORP (ADR)17.07%10 111
IAC/INTERACTIVECORP7.96%5 546
More Results