Johannes Simon, Getty Images News
Yandex co-founder and Chief Technology Officer Ilya Segalovich died yesterday at the age of 48. He had been responding well to treatment for cancer when he collapsed into a coma on Wednesday with no sign of brain activity. Yandex had initially reported Segalovich had passed away
, but corrected the statement later in the day. He was removed from life support yesterday when doctors detected blood changes that were incompatible with life.
Segalovich co-founded Yandex with CEO Arkady Volozh in 1997, and the search engine became the so-called Google of Russia. It raised $1.3 billion in an IPO on the Nasdaq Stock Market in May 2011, and currently has a $10 billion dollar valuation and a 62 percent market share in Russia.
Segalovich will be buried in Moscow this week.