Yury Melnichek

Yury Melnichek (Belarusian: Юрый Мельнічак, Russian: Юрий Мельничек) a Belarusian tech-entrepreneur, venture investor and software engineer. Born in Minsk (Belarus), now living in Zurich (Switzerland). Founder of free cartographic service Maps.me, AIMATTER company (mobile applications Fabby & Fabby Hair). In spring 2018, together with his business partner Andrei Avsievich, founded an investment company Bulba Ventures to invest in Belarusian and ready-to-relocate to Belarus startups. Apart from investment activities Yury provides consulting services in venture investment,[1] mobile applications marketing and also consults IT-companies and startups working with machine learning, computer vision and data science.

Yury Melnichek
Юрый Мельнічак
Born
Minsk, Byelorussian SSR, Soviet Union
EducationBelarusian State University
OccupationTech entrepreneur, venture investor
OrganizationBulba Ventures
Known forCo-founded MapsWithMe
Websitehttp://bulba.com/

Education

Yury graduated with a degree in applied mathematics and informatics from the Belarusian State University in 2005[2]

Public activities

Yury is a long-time partner of Social Weekend[3] – a social project competition and the Open Data Science Belarus community.[4] He also takes part in hackathons as a mentor and speaks at tech conferences.

He has been recognised as a prominent figure in the IT sphere by various publications:

  • IT-entrepreneur of 2017 according to dev.by[5]
  • Number 6 in "Top-50 persons in Belarusian IT 2017"[6]
  • Included in "Top-200 successful and influential Belarusian businessman 2018"[7]
  • Number 7 in "Top-40 Belarusian entrepreneurs under 40"[8]

Bulba Ventures

In March 2018, Yury, together with his business partner Andrei Avsievich, founded Belarus-based startup investment company Bulba Ventures.[9] Bulba Ventures focuses on machine learning startups and is interested in startups at the intersection of real economy & IT, life & health sciences.

At the moment Yury invested in six startups: OneSoil[10] (Minsk, Belarus) – a precision farming platform; WANNABY[11] (Minsk, Belarus) – a computer vision and e-commerce startup; Daedalean[12] (Zurich, Switzerland) – a startup focused on building autonomous flight control for the electric personal aircraft; FriendlyData[13] (San Francisco, USA) – an enterprise data startup that is working to fundamentally change the way people interact with data; RocketBody[14] (Minsk, Belarus) – a startup which is building a personal trainer for professional athletes and healthy lifestyle followers; VOIR[15] (Dover, USA) – a mobile app which helps users to experiment with their style and appearance.

In October 2018 FriendlyData, a startup backed by Bulba Ventures was acquired by ServiceNow.[16] This deal became the first exit for Bulba Ventures during the first 8 months of its existence.[17]

AIMATTER

AIMATTER was founded in April 2016 and in autumn 2016[18] launched a neural network-based AI platform and SDK to detect and process images quickly on mobile devices. This was the world's first technology working on mobile devices and in streaming video. The photo and video app Fabby served as a proof-of-concept of the tech. Fabby became popular among users and was highly reviewed by experts (the app twice became №1 in its category on ProductHunt[19]). AIMATTER also developed hair segmentation technology during live streaming video that was later introduced in the Fabby Look app.

In August 2017 TechCrunch[20] announced news about Google acquiring AIMATTER. The deal became historic for the Belarusian IT industry. It was the first time that an international company bought Belarusian legal entity. Terms of the sale were not disclosed. Some members of the AIMATTER team relocated to the Google offices in San Francisco and Zurich, while others remained in Minsk.

MAPS.ME

Today Maps.me is a free cartographic service available on iOS, Android and Blackberry platforms. The company, initially called MapsWithMe, was founded in 2010 with the head office in Zurich and the R&D center in Minsk. Yuri launched the project together with Alexander Zolotarev, Victor Govako and Sergey Retchiskiy. Before founding MapsWithMe Yuri worked at Google[21] (cartographic service), eBay, include7 and Qnective.[22]

MapsWithMe was first released on iOS in April, 2011. In 2012, the service team won first prize at the StartupMonthly competition in Vilnius and won an internship in Silicon Valley. In February 2012, a new update of MapsWithMe was released for Android and in July 2014 the company was renamed to MAPS.ME.

In November 2014 MAPS.ME was acquired by Mail.ru Group[23] who were interested in preserving product independence within its structure and further development of MAPS.ME. Along with Mail.ru Group, MAPS.ME received acquisition offers from Yandex and Google.

Yuri Gurski, MAPS.ME mentor comments:

“MAPS.ME is the coolest Open Street Map project in the world, that’s my personal opinion. Together with Mail.Ru it will do a lot to improve open geographical data, will become global and big 100%. There are the skills, the knowledge and the money to make it happen”[24]

MAPS.ME acquisition garnered a lot of media attention and was featured among the most significant deals of Runet[25] (Lenta.ru, the Runet, VC.ru[26]). "Thanks to this deal the popular cartographic service is now available for free".[27] At the moment of the deal "the app was downloaded more than 7 million times and it was one of the most popular in the “Travel" section in more than 100 countries".[28]

References

  1. "Mapbox acquires neural network startup Mapdata to help it expand into AR maps". Techcrunch. Retrieved 2018-03-20.
  2. "Yury Melnichek profile". ej.by.
  3. "Social Weekend partners". socialweekend.by.
  4. "Open Data Science Meetup". dev.by.
  5. "Dev.by 2017 outlook". dev.by.
  6. "Top-50 persons in Belarusian IT". itmentor.by.
  7. "Top-200 successful and influential Belarusian businessman 2018". ej.by.
  8. "Top-40 Belarusian entrepreneurs under 40". probusiness.io.
  9. "Bulba Ventures launch story". dev.by.
  10. "OneSoil overview". onliner.by.
  11. "WANNABY overview". news.tut.by.
  12. Innovation, GlobalTechBox com-Startups, Tech & (2017-07-24). "#82: How Soon Will We Fasten Our Seat Belts In An Autonomous Airplane with Daedalean?". Medium. Retrieved 2018-05-29.
  13. https://www.crunchbase.com/organization/friendlydata#section-overview
  14. https://www.crunchbase.com/organization/rocketbody#section-overview
  15. https://www.crunchbase.com/organization/ommy-by-emoji-apps-inc#section-overview
  16. https://techcrunch.com/2018/10/10/servicenow-to-acquire-friendlydata-for-its-natural-language-search-technology/
  17. https://dev.by/news/servicenow-acquires-friendlydata
  18. "AIMATTER overview". TUT.by.
  19. "Fabby – Product Hunt". Product Hunt. Retrieved 2018-05-29.
  20. "Google acquires AIMatter, maker of the Fabby computer vision app – TechCrunch". techcrunch.com. Retrieved 2018-05-29.
  21. "Interview with Yury Melnichek, CEO and founder of MAPS.ME". dev.by.
  22. "Yury Melnichek about MAPS.ME".
  23. "Russia's Web giant Mail.ru acquires Maps.me to accelerate global expansion". VentureBeat. 2014-11-13. Retrieved 2018-05-30.
  24. "Mail.Ru acquires MAPS.ME".
  25. "What happened in Runet, 2014".
  26. "Mail.ru acquires MAPS.ME".
  27. "Most significant deals in Runet, 2014".
  28. "Mail.Ru acquires MAPS.ME".
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.