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NtechLab has achieved a record high in revenue

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Image source: NtechLab

The company's revenue doubled in 2024 and reached 1.7 billion rubles.

The technology partner of Rostec State Corporation, NtechLab, doubled its revenue in 2024 and reached the level of 1.7 billion rubles. The company concluded 2.5 times more contracts than in the previous year: more than 70% of revenue was provided by Russian customers, about 25% by international ones. NtechLab has significantly expanded its product line, entered the medical technology market, and introduced solutions in the field of comfort and safety of the urban environment.

Since its foundation, NtechLab has transformed from a startup to a global leader in the artificial intelligence market, successfully implementing large-scale projects in more than 34 countries and 70 regions of Russia, developing high-tech solutions for smart cities, healthcare, industry and transport. Over the past seven years, NtechLab's revenue has increased 18-fold, which highlights the steady growth and sustainability of the business.

In 2024, the company not only recorded record sales, but also increased the number of contracts by more than 2.5 times to 450. NtechLab launched long—term strategic projects with a number of Russian regions, including Moscow, the Nizhny Novgorod Region, and signed agreements with the Republics of Tatarstan and Chuvashia, the Novosibirsk and Saratov regions, and the Krasnodar Territory.

"We have significantly revised our further development strategy, and this has yielded results. Our goal for 2025 is not only to maintain, but also to increase the set pace, increase sales in Russia by 35-40%, and actively promote new products abroad," said Alexey Palamarchuk, CEO of NtechLab.

Today, NtechLab operates in the CIS, Latin America, the Middle East, and Asia. One of the main directions in international business development is safety in transport, as well as in industrial facilities and compliance with labor protection requirements. Solutions for the "smart city" are in demand: video analytics related to the performance of housing and communal services functions, monitoring the condition of roads, garbage collection, and assessment of tourist infrastructure.

In 2024, the company entered the medical technology market by launching the NtechMed CT Brain stroke diagnostic product, a solution already used by doctors in Moscow clinics. Products for detecting brain tumors and early signs of Alzheimer's disease from CT scans are in high readiness.

New solutions were also presented in the field of comfort and safety of the urban environment. In 2024, a new generation of video analytics was launched in the pilot regions with an instant response to violations of order — smoking, walking dogs in the wrong places — using speech. The customer's demand was shown by the new NtechCity functionality for quality control of urban cleaning. Exclusively for the first production Russian electric car Atom, a service has been developed to identify and check the condition of drivers.

In 2025, it is planned to launch a line of its own software and hardware complexes for public areas, industrial enterprises, and traffic police. Artificial intelligence-based services are being prepared for the restaurant business, gas stations and the service sector.

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