yaM Labs, a Russian startup not to be confused with Yammer, has secured $500k from Foresight Ventures. The company has developed Cloud-based software to make meetings – both face-to-face and virtual – more efficient by enabling participants to collaborate on the planning, running, and execution of a meeting.
The premise being that traditional offline tools make for a lot of wasted time because meetings lack focus and ‘memory’ – you have to be there to know what went down and even if you were, often the answer is not a lot or there at least exists no actual record. Shifting these tools to the Cloud – the yaM app runs completely in a web browser – and improving them along the way is supposed to help with this. The startup broke cover at our recent TechCrunch Moscow event.