Sber (previously know as Sberbank) is demonstrating once again its ambitions in the field of e-commerce with the acquisition of SaaS provider InSales, announced yesterday. The state-controlled financial and digital giant has agreed to acquire an 80% stake in InSales for an undisclosed amount, The rest of the shares will remain in the hands of the co-founders ⊠Sber acquires InSales to help Russian SMEs sell online Read More Read more âș
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In late March Moscow startup Briskly raised $3 million from Maxim Poletaev and Gauss Ventures alongside two unnamed new investors. Poletaev, a former Sber executive, and Gauss, a Cayman-based fund with Russian connections, backed Briskly from the very beginning, with a $370,000 injection in 2019. The deal came just five months after a previous $2 million round â and is preceding a new ⊠Russian unmanned retail startup raises millions... Read more âș
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Yandex Music announces today The Sound of Stars, a playlist of audio compositions celebrating the 60th anniversary of the first human flight into space. To create the playlist, the Yandex Music team used algorithms to convert the physical properties of stars, pulsars and galaxies into music, with each of the nine tracks dedicated to a ⊠âThe Sound of Stars:â Yandex Music uses algorithms to turn cosmic bodies into art... Read more âș
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Sber, the state-controlled financial and digital giant, and RVC (Russian Venture Company, now affiliated to the sovereign wealth fund RDIF) yesterday announced plans to launch a joint $100 million fund for early-stage tech startups. This is a substantial amount for Russia, where annual domestic venture investment volumes are in the hundreds of millions of US dollars. The fund will ⊠State-backed $100 million fund will support domestic startups and help... Read more âș
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Russiaâs internet regulator Roskomnadzor has extended the deadline until May 15 for Twitter to delete content the government objects to or face a ban, the watchdog said on April 6. The state information agency said that it would not block Twitter if it deletes posts relating to pornography and suicide instructions amongst other things. However, ⊠Kremlin gives Twitter another month to comply with content removal demands Read More Read more âș
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In late March Sber, the state-controlled financial and digital giant previously known as Sberbank, took control of a Russian video creation startup called Movika. Sberâs subsidiary Digital Assets acquired a 58% stake of Movika and could increase it to 80% in the future, Sber said. The amount of the deal was not disclosed. Movikaâs technology allows ⊠Movika acquisition: Sber goes video Read More Read more âș
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A pool of individual investors has put 431 million rubles (around $5.6 million at the current exchange rate) in Beri Zaryad, a Moscow-based smartphone charging service. As reported by Forbes, the investors include Alexander Kabatov, Valery Ivanov, Bogdan Leonov and Alla Merman. The funding has been split as follows: 102 million rubles in capital injection ⊠Russian investors put millions in smartphone service startups Read More Read more âș
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A new Russian tech billionaire emerged last week on the NASDAQ with the SPAC-enabled IPO of Arrival, a company touted as a game-changer in the electric car industry. Born 42 years ago in the Soviet republic of Georgia, Denis Sverlov is one of the most successful tech entrepreneurs from Russia. He founded in first company â an ⊠This former Russian deputy minister is now worth $10 billion after SPAC-enabled... Read more âș
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The board of the Artificial Intelligence Alliance met in late March in Moscow, providing updates about this organization created by large Russian companies 2019. An investment platform will be launched to âconsolidate the AI project and idea pipelineâ and provide participating companies with access to the corporate accelerators of the members. Dubbed âAI-Hub,â this platform will also âallow ⊠Russiaâs AI Alliance launches training programs, contests and an investment platform... Read more âș
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On April 8, the online fair âYour Next Move: Spotlight on the Balticsâ will highlight the regionâs fast-growing tech ecosystem and its opportunities for international talents, including from Russian-speaking countries. This online event aims to position Latvia, in particular, as a first-choice destination to build a professional carrier or do business within a number of companies, from ⊠New remote opportunities in the Baltics for tech talents worldwide (online fair,... Read more âș
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While Russian authorities have in recent months ramped up pressure on foreign social media and video hosting platforms, Kremlin spokesman Dmitry Peskov said today he hopes Russia will not be forced to block them. âNo one wants a full ban and it would be silly to advocate for one, but itâs necessary to force these ⊠Putin spokesman on Western social media platforms: âWeâd like to hope it wonât come... Read more âș
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The rumors aired in late 2020 about dissensions between Mail.ru Group (an LSE-listed Russian Internet major) and Sber (the state-controlled financial and technology giant previously known as Sberbank) could be confirmed soon. The Financial Times learned that the two groups are considering splitting jointly owned assets, including meal delivery service Delivery Club and ride-hailing service Citimobil. As reported by East-West Digital News, ⊠Sber and Mail.ru Group âon the brink... Read more âș
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Ford is set to become the first automaker to launch mass production of electric vehicles in Russia, the Kommersant newspaper has reported. The U.S. car giant, through a joint venture with Russian firm Sollers, will start making electric versions of its Ford Transit vans at a plant in Russiaâs republic of Tatarstan from 2022, a company ⊠Ford to become first mass producer of electric vehicles in Russia Read More Read more âș
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The Russian Ministry of Digital Development considers providing AI developers with access to anonymized medical data of Russian citizens. As reported by business daily Kommersant, patientsâ data could be used by companies working on AI-based solutions for disease diagnosis or prediction, as well as for epidemiological purposes. AI developers would be connected to a special ⊠Russia considers opening patientsâ medical data to AI developers Read More Read more âș
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Dsight, a Moscow based business intelligence company with a focusing on investment, has just released the English version of its yearly Russian venture report. The trends are disappointing, with a 20% contraction of total investment volume â from $869 million in 2019 to $702.8 million in 2020. Perhaps a bit superficially, Dsight attributes this fall ⊠2020 report: Russian VC market fell to $702 million, foreign investment reached new lows... Read more âș
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Earlier this week Playrix, a global Russian-founded gaming giant, announced the acquisition of Ukrainian game studio Boolat Games. The terms of the deal have not been disclosed. Launched 20 years ago, Boolat Games creates multi-platform free-to-play and adventure games. Different genres are available, from casual to hardcore: RPG, time-management, hidden objects, strategy, etc. The studioâs portfolio features dozens ⊠Russian gaming giant Playrix acquires Ukrainian Boolat Games Read More Read more âș
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ICT Moscow, an internationally-oriented resource on technology development in Russia and Moscow, has released a dedicated section to feature blockchain practice in the country. Fifty-two practices are featured, involving such companies as Kaspersky Lab, M.Video, Megafon, Norilsk Nickel, Rostelecom, Russian Railways, Sber, S7 Airlines, as well as the Federal Tax Service of Russia and the ⊠From fintech, to transport, to medtech, blockchain practice takes off in Russia Read More Read more âș
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On April 7-8, more than 200 Russian and foreign speakers as well as thousands of attendees are expected to take part in the 15th edition of the Russian Venture Forum (RVF), one of the countryâs leading industry events held each year in Kazan. This edition will be held in a traditional offline format â making it âone ⊠Russian Venture Forum: âA new decade of radical transformationsâ (offline+online, Kazan, April... Read more âș
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Startup Recipe, a leading tech news outlet from South Korea, and East-West Digital News, the international resource on tech innovation in Eastern Europe, have teamed up to provide their respective audiences with new insights. Startup Recipe now offers a selection of translated EWDN content on its website. In the past few weeks, through this this ⊠Korean tech news site teams up with EWDN to bridge global innovation Read More Read more âș
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On March 15 Yandex, the Russian NASDAQ-listed digital tech giant, launched an online course on data labeling, presenting the initiative as a worldâs first. The course has attracted more than 2,000 students in just one week. This five-week course aims to teach âefficient and scalable data labeling for ML and various business processesâ based on a crowdsourcing approach. Students are explained how ⊠Yandex launches worldâs first crowdsourced data-labeling course... Read more âș
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Business Insider
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9% 4 |
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27.11.2024 16:32
Last update: 16:25 EDT.
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