AlterGeo

  • Unnamed Russian Banks Are Using AlterGeo’s Location Data For Credit Ratings

    Unnamed Russian Banks Are Using AlterGeo’s Location Data For Credit Ratings

    To some extent, AlterGeo bills itself as the ‘Foursquare of Russia’. You can check-in to a location via their apps, get discounts, the usual sort of thing. But on the back end of the consumer facing apps it has a hybrid positioning technology which is a B2B product. It is far more sophisticated than Foursquare. Founded in 2008, AlterGeo employs WiFi, WiMAX, GSM, LTE, IP addresses… Read More

  • The Russians Are Coming, Bearing An Algorithm-Based Restaurant App Called Gvidi

    The Russians Are Coming, Bearing An Algorithm-Based Restaurant App Called Gvidi

    We’ve been fans of AlterGeo for a little while. Around since 2008, this startup has a clever hybrid positioning system which combines WiFi, WiMAX, GSM, GPS, CDMA, IP (and for all we know NSA data :-) to make it Russia’s leading location-based social networking service. Foursquare Schmorsquare, comrades. But in November last year they realised they were sitting on a lot of… Read More

  • AlterGeo, the Foursquare-of-Russia, raises $10m from Intel Capital and others

    Russian geolocation service AlterGeo has reportedly raised $10m from Intel Capital and Almaz Capital – a 25% share increase – and values the company at around $20-25m. Serial investor Esther Dyson, who has a track record in Russia, having previously invested in Russian search engine Yandex (a partner of AlterGeo‘s), is also said to have participated. The company plans to use… Read More

  • Yandex partners with AlterGeo for improved location-based search

    [Russia] Yandex, Russia’s leading search engine, has signed a contract with AlterGeo – a hybrid positioning startup – to use its technology to add location-based features to the company’s maps and toolbar web applications. AlterGeo technology aggregates GSM Cell-ID, Wi-Fi and WiMax to retrieve a user’s location. The traditional mobile triangulation with poor… Read More