Koreans use machine learning technology of Russian origin

Stickeroid AI, a two-year-old startup, earlier this year sold its technology to a Korean group of companies called Naver. 

The Cyprus-based company of Russian origin is developing a cloud platform that applies machine learning to converting words into stickers. 

According to CEO Viktor Kokh, it’s “not the company that’s been sold in the deal; it’s only part of the technology.” 

In late November 2018, Stickeroid AI joined the winners of a special start-up competition called GoTech, and was eligible for a $200K prize from, a Russian investment fund. The start-up didn’t receive the prize, though, because it refused to negotiate terms as it was preparing for the Korean deal.

This story initially appeared in Marchmont Innovation News, Russia`s daily business news website.

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