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SBT Venture Fund II to pump up to $200 million into blockchain, AI, IoT projects

“The main task of SBT Venture Fund II is to invest in technology companies” reports SBT Venture Fund II has been set up, with Sberbank Rossii PAO(MCX:SBER) being among the founders, according to an announcement released on October 11, 2017.Blockchain, another of the foci of the new venture fund, retains the support of businesses and authorities in Russia.The fund will focus its investments on projects related to artificial intelligence, Internet of things, cloud technologies, marketplaces, financial technologies, as well as blockchain.

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