Russia: Statsbot raises $1.6m in seed funding from US investors

Graphic from Statsbot Facebook page.

San Francisco-headquartered Statsbot, which was incepted in Russia in 2015, has closed $1.6 million in seed funding from Innovation Endeavors, Eniac Ventures, Betaworks and a fourth unnamed investor.

An application designed to work as a bot for enterprising messaging application Slack, Statsbot helps teams track metrics from data sources like Google Analytics, Mixpanel, and New Relic. In enables corporate executives, professionals, managers and technicians to access SaaS apps via natural language to run their business.

According to the company, the funding will be used to enlarge the team in the company’s Moscow office. According to data compiled by Crunchbase, as at 22 December 2016, it has previously raised $200,000 in July 2016 and $125,00 in September 2016.

Founded in 2015 by the team of Artyom Keydunov, Mikhail (Mike) Melanin and Pavel Tinuov, the ventureinitially graduated HSE Inc. the business incubator of the Higher School of Economics in Moscow.

In order to build further traction and grow the company, the Statsbot team move to the US and secured support from startup accelerators Betaworks Botcamp and 500 Startups.

The development of Slack bots has emerged as a niche area that presents strong growth prospects, given its enterprise-oriented bent. Bots, which are small programmes that automate human interactions via AI and machine learning, can accelerate and aid interactions or help retrieve information in a faster manner.

In December 2015, Slack launched the Slack Fund in partnership with Accel, Index Ventures, KPCB, Social Capital, Andreessen Horowitz, and Spark Capital targetted at supporting ventures building products on top of the Slack platform. In July 2016, it announced that it had invested $1.97 million in 11 different startups, all of which were bot services integrated into their platform.

With further advancement in this area, more such bot startups are expected to emerge, given that the current wave of growth in the fields of AI and machine learning are expected to impact the human capital of startup ventures.

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Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.