Yuztech UseTech

Since 2006, Usetech has been carrying out a full range of work in the field of custom software development for its customers from the industries: retail, finance, telecom, IT and the public sector.

Areas of activity

For July 2021, the main activities of Usetech:

• Custom development and maintenance; software
• Mobile and Web Development
• Independent testing
• Usability and Design (UX/UI)
• Private and public Blockchain solutions
• Artificial Intelligence (AI)
• Machine learning
• IT consulting

Performance indicators

2022: Revenue growth by 79.6% to RUB 4,086 million

At the end of 2022, Usetech's revenue increased by 79.6% to 4,086 million rubles. In the ranking "TAdviser100: The largest IT companies in Russia 2023," such an indicator allowed the company to take 114 lines (14th line of the list of applicants for inclusion in the number of the largest IT companies in Russia).

History

2024: How to smooth out cloud turbulence

In the context of limited access to the most modern technologies, companies are increasingly striving to shift the care of maintaining performance IT infrastructures to professionals. And there are two options here: either consolidate computing resources on their own technological platform, the development of which will be carried out by their own IT service, or allocate computing resources to, outsourcing that is, use cloud services. providers It is easier, of course, to entrust management IT infrastructure to third-party professionals, but it is more reliable and safer to develop your own competencies by introducing modern automation tools for managing data centers (). DPC

In particular, one of the solutions is Octopus, developed by Yuztech Group of Companies. It is designed to automatically optimize IT resources using artificial intelligence technologies. Octopus allows you to increase the efficiency of computing resources, while maintaining sufficiently high reliability and fault tolerance. Read more here.

2023: Member of the TAdviser rating "Russian platforms for data and application integration"

Usetech participated the Russian in a platform integration data and application study conducted by the think TAdviser tank from October to December 2023 to identify market leaders in this segment, software as well as analyze the completeness of the functional and technological characteristics of the platforms and the level of organizational potential of suppliers. The results of the study were published in April 2024. Learn more here.

2022

10th place in the TAdviser rating "The largest IT outsourcers in Russia"

UseTech took 10th place in the ranking of the largest - IToutsourcers Russia prepared TAdviser in 2023 based on the revenue of companies from the provision of outsourcing services for 2022. More. here

Data for 2022

4th place in the TAdviser ranking "The largest developers of mobile applications for business and the public sector"

UseTech is included in the rating "The largest developers of mobile applications for business and the public sector," prepared by TAdviser in September 2023 based on the companies' revenue from the development of mobile applications for 2022.

2021

Revenue - 2,275 million rubles

At the end of 2021, Usetech's revenue amounted to 2,275 million rubles.

Raising $11.3 million in investments

At the end of 2021, UseTech raised $11.3 million in investments. The funds received will go to the development of the next generation NFT infrastructure.

The investment round, which was led by the Web3 Outlier Ventures fund, was also attended by NFT investors such as The LAO, Flamingo and Nalu Capital. In total - more than 200 investors. Taking into account these investments, the total amount of investments in the project reached $16 million, TASS reports with reference to the press service of the SEZ "Innopolis," whose resident was a startup.

Russian blockchain company UseTech raised $11.3 million in investments

Renat Khalimov, General Director of the Innopolis SEZ, stressed his readiness to provide service support to strengthen the project results.

We are glad that such strong projects, in demand not only in Russia, but also in international markets, are becoming part of our startup company. We are pleased to present UseTech with the status of a startup and hospitably accept it in our technology park, "he said.

UseTech is developing the Unique Network platform, which was launched in the summer of 2021. The Unique Network team created the Substrapunks - the first NFTs on Polkadot, won Hackusama in 2020 and created the Substrate pallet for the NFT.

As noted by Unique Network Co-Founder and CEO Aleksandr Mitrovic, Unique Network is created to address the economic and token storage challenges with Ethereum-based NFTs and create new levels of interoperability and capabilities that will take NFTs to the next level.

For all the excitement surrounding the NFT that has emerged in 2021, Mitrovic said there is still a huge barrier to entry. Gas charges, the need to buy cryptocurrency, storage and even the fact that NFTs have limited features for artists to express their vision are all holding back the industry, he added.^[1]

As of July 2021, Usetech has:

• More than 2000 completed projects
• More than 50 regular customers
• 6 offices across Russia
• among the company's clients are more than half of the top 20 banks in Russia and more than half of the top 5 Russian FMCG networks
• Over 20 million Usetech software users
• 60% of Senior level employees.

TAdviser interview with Director of Business Development Viktor Frolov

How the field of custom development is evolving, what technologies are now most interesting to financial companies and why the developer should become a business partner for the customer - these and other questions in July 2021 in an interview with TAdviser were answered by Usetech Business Development Director Viktor Frolov. Read more here.

2020

Inclusion in the TAdviser rating "Largest IT Service Providers"

The company "Yuztech" is included in the rating "Largest suppliers IT services Russia by revenue for 2020," prepared TAdviser in December 2021. More. here

Inclusion in the TAdviser rating "The largest IT suppliers in the Russian public sector"

The company "Yuztech" is included in the rating "The largest IT suppliers public sector Russia in by revenue for 2020," prepared TAdviser in December 2021. More. here

2016

As of October 2016, the main activities of Usetech were:

• design and development of custom software;
• development and implementation of applications based on own ready-made solutions;
• services in the field of usability and design of software systems;
• Consulting and training in business process analysis.

Notes