How Severstal produces technology for Russia

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From sources close to the Russian company Severstal, it became known how it invests in the development of innovative of technologies. They are needed for subsequent implementation in production and deepening the processing of secondary resources. As a result, this should lead to cost reduction, increase productivity and make the company even more competitive in the global market.


Severstal is a vertically integrated steel and mining company with a capitalization of about $ 13 billion, owned by businessman Alexei Mordashov. And for the "extraction" of technology, it was, specifically, created a separate unit - Severstal Ventures.



It is reported that the aforementioned subsidiary has already invested about $ 10 million in Chrysalix RoboValley, the Netherlands. This fund is a special venue for various startups and high-potential companies that are engaged in research in the field of artificial intelligence, robotics, and automated systems.

Currently, the Chrysalix RoboValley fund has $ 100 million. Its partners are specialized universities in the Netherlands, Shell Oil Company, Accenture (consulting) and other legal entities.
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