VIST Mining Technology

In 1988, a group of friends and fellow graduates from the Moscow Institute of Electronics and Mathematics decided to channel their academic and research backgrounds into a new venture. This was the beginning of VIST Group, a company founded with the goal of applying modern control and automated systems to various industries. By 1994, the company identified a massive opportunity and sharpened its focus to a single, heavy-duty sector: mining. This pivot proved crucial, setting the stage for their future growth. A key breakthrough came in 1999 when VIST Group launched its own mine fleet management system. This system provided a hardware and software solution to manage and optimize mining operations, aiming to reduce costs. The product found success not just in Russia, but globally. The company's journey took a significant turn in November 2018 when it was acquired by Zyfra, a developer of IIoT and AI solutions, for approximately $30 million. This acquisition was a strategic move by Zyfra to dominate the intelligent mining market and expand its international footprint. For VIST Group, which now operates as Zyfra Mining, the deal provided substantial resources to accelerate research and development in cutting-edge areas like self-driving vehicles and robotic mining machines.