The fund invested in MR-NET (MotionRay) – a platform for accessing the Internet anywhere in the world. This tech startup operates in the US, Europe, and China. Investments will be directed toward driving sales in the respective markets. In this round the company raised a total of $350K from Vibranium.VC and Roman Tyan’s NRGVentures funds.
MotionRay provides customers, wherever they are, with the most reliable connectivity for the best possible price by leveraging Internet bonding technology. The simple, plug-n-play solution guarantees the delivery of mission critical data, whether it is PoS transactions, a video production feed, or a Zoom call with your grandmother. The long-term vision is leveraging the network effects of ecosystem adoption to establish a decentralized marketplace for (wireless) broadband at scale.
Today, MotionRay’s roster of clients includes atVenu, Super League, AbelCine and many others.
MotionRay was founded in 2019 by Alexander Pestryaev and Yuri Bussel – radio communications experts with a cumulative 30 years of experience in the telecom industry, as well as Anton Shmakov – a UC Berkeley graduate with Silicon Valley expertise both in startups and in leading technology companies, such as Google and LinkedIn.
Zamir Shukho, Vibranium.VC founder and general partner: “We liked MotionRay’s unconventional approach to solving the problem that exists in the small and medium-sized business market – smooth and easy net access. This is especially relevant for areas where there is no broadband connection, and everything works via satellites. The startup has a breakthrough technology, and now their main task is to build a sustainable business model in the US market.”
Kirill Timofeev, Vibranium.VC co-founder and partner: “Together with Motion Ray, we are entering a competitive race, because several players are simultaneously working on solving the problem of unlimited Internet access. These large-scale projects include efforts to develop satellite Internet, as well as work on behalf of authorities and mobile operators to make uninterrupted WiFi available in large cities. However, this only emphasizes the demand for the product. If in the 2000s the Internet was important as such, in the 2010s speed and mobility came to the forefront. Following this logic I can assume that in the 2020-2030s these two parameters together will be absolutely critical. It will become crucial for users to get stable, consistently high-quality access to the network everywhere, and at an average price for cloud services.”
Anton Shmakov, MotionRay CEO: “The investment will allow us to satisfy existing demand, iterate on the product and establish a market foothold.”