AI Agents — Heading East

As Forbes reports, the Vostok Investments holding company and business angels Nikolai Antipin and Roman Chernov have invested 400 million rubles in Veai — an AI-based platform for working with code.

The company intends to allocate the funds to developing quality-control technologies and to scale sales in the domestic market. At present, the holding’s stake is minority, but it could be increased in the future.

According to Kirill Tishin, partner at KAMA FLOW, AI agents can address the shortage of developers and the growing complexity of IT products: “Global interest in this segment is well illustrated by Cursor AI, which received a valuation of about $30 billion with monthly subscription revenue of around $100k. Of course, for Russia valuations like Cursor AI’s are unlikely to be available, but the domestic market is moving in the same direction. For a Veai-level startup, a fair seed-stage valuation could be around half a billion rubles. With a focus on B2B and corporate clients, the company could potentially show twofold growth in the first years.”

The partner also added that Vostok Investments’ involvement in venture projects is a positive signal for the market, indicating that large capital is starting to systematically work with tech startups.

Full material — at the link