Kamaz, the Russian truck giant (part of the state-owned Rostec corporation), and Pulsar VC, an established Russian venture firm, announce an international startup scouting partnership focusing on mobility and IoT. The scouting program targets, in particular, technologies related to navigation, last-mile service, quick repairs, as well as drones, sharing services and second-hand truck marketplaces. A … Russian truck giant Kamaz aims to scout startups across the world Read More Read more ›
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Messaging service Parler, popular among the far right and ex-US President Donald Trump’s more radical supporters, was removed by the Apple store and blocked by Amazon earlier this month. But it bounced back this week with a Russian accent. Parler’s return is at least partially due to the work of Russian IT firm DDoS-Guard, whose … How a Russian IT company saved US far-right app Parler Read More Read more ›
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On January 13, a hacker dubbed “LMonoceros” posted proof that he broke into the private network of Russian Railways (RZD) and accessed surveillance from cameras at train stations, on railway platforms, along rail tracks, and inside company offices. RZD employees contacted the hacker and together they patched the weakness in the network. This isn’t the … Russian Railways IT security issues threaten company employees and passengers Read More Read more ›
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Just days after Alexey Navalny’s arrest in the Moscow airport and the publication of his killer video on “Putin’s palace,” a digital rebellion is underway in Russia, involving millions of teenagers and elder users of social networks. As of Jan. 21, the investigative video on “Putin’s palace” had broken all records, garnering more than 50 million views … As Navalny’s video on “Putin’s palace” breaks records on YouTube, Russian school... Read more ›
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TraceAir, a construction software startup with Russian roots, announces the completion of its Series A $3.5 million round. It was led by London-based XTX Ventures with participation from Liquid 2 Ventures, GEM Capital, GPS Ventures, Andrew Filev (CEO Wrike), Metropolis.VC (which invested in a previous round) as well as US construction industry majors Independent Construction and ENGEO. TraceAir has developed a cloud platform to help construction companies … Russian-American startup... Read more ›
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Motorica, a Moscow-based high-tech prosthetic startup, has attracted 300 million rubles (some $4 million at the current exchange rate) from two major government funds: the sovereign wealth fund RDIF and the Far-East High Technology Fund. The news was reported yesterday by business publication RBC, which cited exchanges with the Far-East fund’s press service. Touting itself as “the only company in the world to make … Moscow startup receives $4 million... Read more ›
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Motorica, a Moscow-based high-tech prosthetic startup, has attracted 300 million rubles (some $4 million at the current exchange rate) from two major government funds: the sovereign wealth fund RDIF and the Far-East High Technology Fund. The news was reported yesterday by business publication RBC, which cited exchanges with the Far-East fund’s press service. Touting itself as “the only company in the world to make … Moscow startup receives $4 million... Read more ›
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Biohacking startup Bioniq raised $15 million from Russian investors in two phases last year: in July, the startup agreed a $7.2 million investment from Medsi (in exchange for a 25% stake, as reported by Rusbase); later in 2020, OKS Group brought in another $7.8 million. Owned by Sistema, a major Russian conglomerate, Medsi is a leading Russian healthcare chain. OKS Group is a large media- and … UK biohacking startup... Read more ›
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Sber, Russia’s state-controlled financial and tech giant (previously known as Sberbank), is considering the acquisition of Citilink.ru alongside some other asset of the Merlion group. The discussions were reported by business daily Kommersant but not confirmed by the parties. Selling electronic appliances and a variety of other product categories, Citilink is among the top Russian e-commerce sites. It was … Sber said to be in talks with Merlion on major... Read more ›
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Wildberries, the number one Russian e-commerce company, announced yesterday its launch in Germany in the latest stage of its international expansion. Through a localized interface, German online shoppers can access more than four million products — from fashion items, to electronic and household appliances, to books, to sports items, to cosmetics and more. The Russian company … Russian e-commerce leader Wildberries launches in Germany Read More Read more ›
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Telegram now surpasses 500 million active users, its Russian co-founder Pavel Durov announced Tuesday. No less than 25 million new users joined  the platform in the previous 72 hours alone.These new users came mostly from Asia (38%), Europe (27%), Latin America (21%) and MENA (8%). “We’ve had surges of downloads before, throughout our seven-year history of protecting user … Amid explosive user growth, Telegram considers raising more than $1 billion... Read more ›
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An award-winning fintech startup from Moscow, APIBank, has attracted 120 million rubles in Russia (some $1.6 million at the current exchange rate) from the Russian-Belarusian Investment Fund (RBF Ventures). As reported by CNews.ru, this is the first external capital infusion — in the form of a convertible loan — in this startup launched in 2018. The money will be used “to develop products for payment aggregators and marketplaces, and …... Read more ›
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A Russian hacker was sentenced to 12 years in a US prison Thursday for consumer data theft worth $19 million from 100 million customers of over a dozen financial service companies, the Justice Department said. Andrei Tyurin, 37, pleaded guilty in 2019 after his extradition from the country of Georgia the previous year, admitting to computer intrusion, wire fraud, … Russian hacker jailed in US for $19 million fraud Read... Read more ›
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Following amendments to the Russian tax code which were adopted in July 2020, Russian software developers may, starting from Jan. 1, benefit from significant tax cuts. The new tax regime provides: Reduced rates on the taxes on profit: from 20% to 3% for federal taxes and to 0% for regional taxes; A reduced rate on social security … “Better than India and Ireland:” Tax relief for Russia’s software developers comes... Read more ›
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In late December VEB Ventures (formerly VEB Innovations), a venture fund backed by state development agency VEB.RF (Vnesheconombank), announced an investment of 990 million rubles ($13.4 million at the current exchange rate) in Zyfra. This Russian company develops AI, IIoT-based solutions and robotic mining equipment to digitize the heavy industry. These solutions are intended to provide “objective data analysis” for industrial companies … VEB Ventures invests 1 billion rubles in... Read more ›
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Sber Group, the state-controlled financial and digital giant, and the Skolkovo Institute of Science and Technology (Skoltech) are teaming up to create “an ecosystem for the development of artificial intelligence in Russian healthcare.” Operated by SberMed.AI, a company established this past summer, this ecosystem will “combine the solutions designed by Skoltech research teams with Sber’s cloud-based engineering infrastructure.” Aiming to “set the standards … Sber and Skoltech aim to “set... Read more ›
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On December 25, the Federation Council, Russia’s upper house of parliament, approved a bill against “censorship” of Russian media and other illegitimate restrictions to content distribution on the Internet. The new law targets Internet resources, including foreign ones, that restrict “distribution of socially significant information in the territory of the Russian Federation on the grounds of nationality, language, origin, property and official status, profession, place of residence and work, attitude... Read more ›
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Illustrating the current traction of Russian edtech startups, online programming school Kodland has raised $1.5 million in its first round of financing. The money was brought in by Russian venture capitalist Alexander Nevinsky (a partner of I2BF) and an unnamed “European fund,” as reported by VC.RU. The startup will use the fresh funding to test product … Russian edtech on the rise: Kodland raises $1.5 million to expand internationally Read... Read more ›
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We have news for you: Russian robotics and robots are alive and kicking. They disinfect buildings, deliver parcels, put out fires, work the land and serve the public. We list the five most out-of-this-world (yet firmly in it). Robots for disinfection and temperature measurement; Courier drones; Agrobot; Robot for extinguishing oil and gas gushers; Robot … 5 handy robots made in Russia Read More Read more ›
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Botkin.AI (Intellogic), a Russian startup that has developed an AI-powered radiology platform, has completed a 160 million rubles Series B round ($1.2 million at the current exchange rate). The money was injected by two medtech investors: investment holding Tashir Medica and RVC-backed Unicorn Capital Partners.  The funds which took part in the previous round (100 million rubles in June 2019) backed again the … Russian startup attracts $1.2 million to... Read more ›
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Business Insider
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Tech Wire Asia
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15% 10 |
CNET
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6% 3 |
Eurogamer.net
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6% 2 |
The Verge
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5% 2 |
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27.11.2024 21:59
Last update: 21:40 EDT.
News rating updated: 04:50.
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