M&A transaction between Google and Belarusian company AIMatter was finalized

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“Aleinikov & Partners” law firm finalized the M&A transaction, connected to acquiring by American giant Google Belarusian startup AIMatter, which has built a neural network-based AI platform and SDK to quickly detect and process images on mobile devices, and a photo and video editing app that has served as a proof-of-concept of the tech called Fabby.

Yury Melnichek, one of AIMatter’s founders, noted that “the precedent was setted”, because it is first M&A deal in the history of Belarusian IT industry when a top-level company acquires legal entity, rather than intellectual property or its affiliated company in other jurisdiction.

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