Yandex's secret Armenian "subsidiary " Beyond ML included in company's structure

YEREVAN, October 2. /ARKA/. Yandex's Beyond ML project, which was registered in Armenia in 2022, has joined the company's structure through Serbia's Teletech, according to the registry of legal entities in Armenia, RB.RU reported.

Last March Yandex registered a new holding company Beyond ML in Armenia and the United States. It specializes in the development of technological startups in the field of machine learning.

According to RTVI, the business was registered to Yandex top managers Maxim Zagrebin and Dmitry Stepanov, they owned the structure in equal shares.  

At that time, the managers of the startups developed by Beyond ML were Yandex employees who left the company after the start of the war in Ukraine.

In April 2023, the beneficiary registry of Armenia reflected changes in the composition of the company's owners. Thus, 100% of Beyond ML passed to the Serbian structure of "Yandex" Teletech.

Yandex told RB.RU that it has been developing the Beyond ML project since 2021 as an "internal experiment of the company". Now the Beyond ML team is focused on such products as Sellesta, Meteum and Futuruka. -0--

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18:58 10/02/2023