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Smart Engines earned $3.3 million on AI in 2020

December 22, 2020, 18:00 (UTC+3)|

The Moscow developer of recognition systems Smart Engines  summarised the results for 2020. 

In particular, this year the company introduced a new generation of Smart Vision Engines recognition systems for automatic data extraction of ID documents, bank cards, barcodes, business, biometric verification and computed tomography of documents. The company's turnover exceeded 247.5 million rubles (equivalent to $3.3.million) which is 2.18 times more than in 2019. The export of AI technologies outside the countries accounted for 26%. The number of recognitions sold was 91.9 million, up 80% last year.

The company's client base has grown by 40% compared to last year. Smart Vision Engines software products are used for user identification, remote service, optimisation of business processes and development of payment services around the world, including the USA, the countries of the European Union, Asia, the Middle East and the CIS.

In October, the company became the first Russian artificial intelligence developer to join the United Nations (UN) Global Compact.


Vladimir Arlazarov - CEO of Smart Engines


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