Russian IT Security Company Leta Invests In Photo Storage Site Baltostorage

Russian IT security firm Leta Group has recently invested USD350,000 into Baltostorage, an online photo archiving portal, through its investment arm Leta GIV. This is the group’s second investment since it was launched in May 2012; the first investment went into Displair, a company which develops interactive air screens. Leta’s investment focus is to make at least three or four globally promising early-stage companies; each investment may go as high as YSD 10 mln. Baltostorange offers free services up to 2 GB and then USD147 (4,790 roubles) for anything more than that up to 100 GB. The unique feature that this site provides is universal access: users can save their photo files on the site and then access it through their accounts on any electronic device with internet connectivity. Three short months after the service being launched, Baltostorage already boasts a huge cache of 1.7 mln photos from 50,000 customers.