The Far East High Technology Fund (DFVT), created by RVC, RUSNANO and the Far East and the Arctic Development Fund, has invested 200 million roubles in the largest producer of service robots in Europe, the Russian company Promobot. The funds will go to the opening of the production of robots in the Far East and new developments in the field of artificial intelligence. Following the transaction, a controlling stake Promobot remains with top management and co-founders of the company.
A part of the Promobot investment will be directed to business development in the Far East. The company will open a separate division in Vladivostok, which will create exterior elements for humanoid robots — Robo-C. The Far Eastern office tasks will also include research and development in the field of modeling appearance.
Head of the Far Eastern Office Promobot will become Peter Chegodaev — Russian sculptor and designer. He is known for participating in the creation of special effects for Russian blockbusters, such as The Flight Crew and The Age of Pioneers.
Investments will also go towards developing a new dialogue system — Promobot based on AI — in the future, indistinguishable from humans, and the development of cases for the use of a service robot — Promobot V.4 — the “flagship” product of the company.
Promobot became the fifth portfolio company of the Fund. The investment portfolio also includes two Far Eastern companies — Visitek, LLC and Hotlid, LLC, the manufacturer of portable mini-projectors Multikubik (Cinemood), and the manufacturer supercapacitor and hybrid drives for transport and energy — Titan Power Solutions. The total amount of monetary funds allocated and approved for financing exceeds 700 million roubles.
Promobot was founded in 2015 in Perm. Since that year, it has been a resident of Skolkovo. Today, Promobot is the largest manufacturer of autonomous service robots in Europe. Promobots work in 38 countries around the world as administrators, promoters, consultants, guides, and concierges, replacing or supplementing “live” employees. The Promobot robots can be found in Sberbank, the Museum of Modern History of Russia, the International Financial Center, Baltimore-Washington Airport, Dubai-Mall. All company products are manufactured and developed in Russia.
The Far East High Technology Fund was established in 2018 by the Far East and the Arctic Development Fund, RVC, and Rusnano. The fund invests in promising high-tech projects and localization projects in the Far East. The volume of the fund is 5 billion roubles.