Wednesday, November 4, 2015

Snapchat buys Ukrainian-developed mobile startup for 150 mln USD

The U.S.-based developer of mobile applications Snapchat has finalized the deal to buy a Ukrainian-developed mobile startup Looksery, which features a real time face-changing technology. The technology was launched in 2013 by a team of developers from Ukraine's southern city of Odessa and has since reached around 10 million downloads on different mobile platforms.
Last time the successful acquisition of a Ukrainian project was made in 2012, when Google Inc. bought Ukrainian facial recognition software Viewdle for about USD 45 million.  Read more at http://uatoday.tv