The story
Founded by David Yang in 1989.1
ABBYY began in 1989, when David Yang founded BIT Software company in Moscow. In the early 1990s, the company introduced optical character recognition (OCR) and since then kept investing in artificial intelligence (AI), natural language processing (NLP) and machine learning (ML). In July 1993, the company released the first version of its ABBYY FineReader text-recognition software.
In 2019, ABBYY acquired TimelinePI, a process mining company, and Marlin Equity Partners became its biggest shareholder in 2021.
After the full-scale invasion of Ukraine by Russia began in 2022, ABBYY began closing its sales, development, and service provision in Russia and Belarus. As of October 2024, ABBYY’s former Russian legal entities are liquidated.
On 1 October 2024, Radio Liberty reported that, according to accounts from employees, ABBYY employees with Russian citizenship had been dismissed from branches in Serbia, Hungary and Cyprus.
From Wikipedia’s article on ABBYY, shared under CC BY-SA 4.0.5
