AI Company Cleverbots Attracts $1 Million Investment for Development in the International Markets

The integrator of solutions based on artificial intelligence Cleverbots has raised $1 million from the AST Group of companies, one of the Russian agroindustrial conglomerates, ICT Moscow reported.

Cleverbots plans to use the funds received to scale the business and further develop it in the Russian and international markets.

According to the director of strategy of the company, Adam Turaev, offices in Switzerland and the United Arab Emirates, where AST has already opened its offices, can become launching sites.

In addition, the startup intends to expand the development team fivefold and the sales team threefold. Participation in government tenders and development of its own product solutions will also become key areas of the company’s development.