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Larnabel Enterprises And VP Capital To Invest $100 mln In Artificial Intelligence Sector

December 15, 2016, 12:00 UTC+3
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MINSK, Belarus, Dec. 15, 2016 /PRNewswire/. Larnabel Enterprises, a company founded by the Gutseriev family to invest in the information technology sector, and VP Capital, a technology-focused investment vehicle founded by Viktor Prokopenya, today announced that they have together committed to investing $100 million in various artificial intelligence assets throughout Europe.  

Mikhail Gutseriev, Chairman of the Board of Larnabel Enterprises, said, "Artificial intelligence technologies provide a number of attractive investment opportunities, and we are pleased to continue to strengthen our investment in the information technology space. Viktor has a successful track record in the field, and I am glad to have his expertise and involvement as we identify the best and most promising ideas."

Mr. Prokopenya said, "Advancements in artificial intelligence and computer programming are continuing to transform our lives and how we interact with computers and mobile devices. Artificial intelligence has long been at the heart of my career – almost every company that I have been involved with has leveraged AI in cutting-edge ways, and I am thrilled to continue that trajectory. I am excited to partner with the Gutseriev family and am confident that our investments will produce exciting results."  

About Larnabel Enterprises

Larnabel Enterprises was founded by the Gutseriev family to invest in the information technology sector. 

About VP Capital

Founded by Viktor Prokopenya, VP Capital is a global investment vehicle focused on the technology sector. Past investments include Viaden Media, a leading online mobile app developer founded by Mr. Prokopenya and sold in 2012, and exp(capital), a market making company that Mr. Prokopenya founded in 2012. For more information, please visit www.vpcapital.com.

For more information, please contact: media@vpcapital.com.

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