Moscow Seed Fund invests in AI for best location of businesses
Moscow Seed Fund, a fund set up by the Moscow City government to do venture investing, has invested about $81,000 in BestPlace
Jul 24, 2018
BestPlace’s analytical platform enables businesses to forecast whether a certain location for a new retail outlet will be money-making. The Russian system operates using artificial intelligence (AI) and machine learning, analyzing more than 60 categories of data on a facility/room based on open or paid sources and a customer’s information.
The project developers claim that BestPlace analytics helps customers predict future retail outlet revenues with an accuracy of up to 95%.
In this funding round, Dmitry Kovalev, a Russian angel investor, joined Moscow Seed Fund with his $45,000 contribution.
The BestPlace team wants to use the money to keep scaling up the project and continue teambuilding.
The project developers claim that BestPlace analytics helps customers predict future retail outlet revenues with an accuracy of up to 95%.
In this funding round, Dmitry Kovalev, a Russian angel investor, joined Moscow Seed Fund with his $45,000 contribution.
The BestPlace team wants to use the money to keep scaling up the project and continue teambuilding.