Yandex.Checkout, a leading Russian payment service provider, is going to run its international operations – essentially in cross-border B2C payment operations – under a new brand, ‘YooMoney.’ The company says the transition will be completed by mid-December, 2020. As for domestic operations, they are now run under brand of ‘YooKassa.’ These changes are coming as … Now fully owned by Sber, Yandex.Checkout rebrands to ‘YooMoney’ Read More Read more ›
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Rostelecom, Russia’s national telecom operator, is in the process of acquiring a 51% stake in Bolshaya Troika (Big 3), a provider of waste processing automation solutions. The transaction, which amounts to $16.6 billion, will be completed in the first half of 2021. Big 3’s flagship product, a waste management platform, is used in some 60 … Rostelecom takes control of waste management solution provider for $16.6 million Read More Read more ›
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Russia’s Digital Development Ministry is finishing work on a new mobile app designed to combat the spread of COVID-19. Its working name is ‘Stopcoronavirus. My contacts.’ The contact-tracing app, which relies on technologies developed by Apple and Google, is designed to track nearby mobile devices and warn the user if they have been within 10 … Russian government prepares to launch coronavirus contact-tracing app Read More Read more ›
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Russian 3D rendering company Megarender has secured $3 million from Scalo Technologies, a firm launched earlier this year to invest in artificial intelligence and B2B cloud services. Megarender facilitates access to powerful servers to increase considerably the speed of 3D rendering. Customers may thus use such software as 3ds MAX, Arnold, Blender, Cinema 4D, Corona Renderer, … New Russian AI and cloud investment firm backs 3D rendering company Megarender Read... Read more ›
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The Russian government has plans to use of artificial intelligence increasingly in the framework of its digital transformation. On November 12, the heads of digital transformation of seven federal ministries and agencies — covering energy, industry and trade, culture, education and science, cadastre, agriculture, and taxes — gathered in a “strategic session on artificial … From energy policies, to education, to crime investigation, Russian government bets on AI to achieve... Read more ›
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Financial Times reports that Ozon — the leading multi-category e-commerce platform in Russia — is to file paperwork this Tuesday for its NASDAQ IPO. The company will go public at a valuation of $4.6 billion to $5.6 billion, FT reported from “two people familiar with the plans.” Amid strong demand, Ozon is seeking to raise between $750 million and $1 billion … Amid strong investor demand, Ozon hopes to raise... Read more ›
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Cognitive Technologies, an established Russian software corporation, is developing one of the world’s most advanced autonomous AI-based driving systems for farming equipment. Under the brand ‘Cognitive Agro Pilot,’ this system was used across 35 regions of Russia when reaping the 2020 harvest. “Between June and October 2020, over 350 autonomous harvesters fitted with [our] solutions … Russia’s first AI-powered harvesting successes open the way to a wave of agritech innovation... Read more ›
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Russians have been bingeing on health food in an effort to build up their immune systems in the hope of protecting themselves from the novel coronavirus. That’s how Elena Shifrina, former model, MIT alumnus and now CEO of Russia’s premier health food company BioFoodLabs explains the surge in sales this year. bne IntelliNews profiled Shifrina three years ago when … Russia’s BioFoodLabs health food is flourishing in the times of... Read more ›
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Maria Plotkina and Arina Nuriahmetova were stressed young computer science teachers battling an entrenched system of learning when they decided to set up Geek Teachers to equip school teachers across Russia with the IT skills to bring the latest education technologies to the classroom. Four years later, their platform, which has over 13,000 online followers, … ‘Geek Teachers’ innovate Russian classrooms Read More Read more ›
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Russia’s State Space Corporation Roscosmos has plans to develop a cluster of at least 500 “next-generation, multi-spectrum satellites” starting from next year. The program, dubbed ’Sfera,’ aims to provide high-speed Internet access and communications — particularly, along the Northern Sea Route — in a way similar to Elon Musk’s SpaceX. Under plans, the first satellites … Twice as expensive, Russia’s answer to SpaceX still awaits funding Read More Read more ›
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American investor Michael Calvey and six other defendants in the Baring Vostok case have been released from house arrest, Russia’s Supreme Court ruled Thursday. This is the latest breakthrough in one of the most high-profile cases in the Putin era involving foreign businessmen. Their private equity fund, Baring Vostok, has been an investor in some of Russia’s … Michael Calvey freed from house arrest weeks after settlement of civil claims... Read more ›
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The “Digital Twin” project, which allows to model the development of a city taking into account all parameters, received an award from the International Society of City and Regional Planners (ISOCARP). The Digital Twin is based on a photogrammetric model of the city and an archive of panoramas of the streets of Moscow. The visual … Moscow’s Digital Twin project receives international ISOCARP award Read More Read more ›
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Fura, a Moscow-based startup offering services for truck drivers, has raised a 160 million ruble ($2.1 million at the current exchange rate) in a Series A round led by an unnamed Swiss-Russian fund. Alexander Popov, Svyatoslav Vilde and other individual investors took part in the round. The fresh funding will be used to strengthen the development … After raising $2.1 million, this Russian truck driver service startup wants to become... Read more ›
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Upmarket, a service that helps e-merchants trade on marketplace, has agreed a 170 million ruble ($2.2 million) investment plan with OKS Group. The investor may get a 31% stake in the company by mid-2021, reports business daily Kommersant. From content creation, to marketing strategy, to logistic support, Upmarket helps merchants place goods on here of Russia’s … OKS Group to invest $2.2 million in marketplace support service Upmarket Read More Read more ›
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An investor consortium led by Russian private equity firms Elbrus Capital and Winter Capital has acquired 60% of Banki.ru, a leading bank and insurance marketplace. The investors are buying all the shares of company founders Philipp and Kirill Ilyin-Adaev and Elena Ishcheeva for an undisclosed amount. Russia Partners, an affiliate of US private equity firm Siguler Guff & Company, is … Banki.ru founders sell their stake to settle conflict with... Read more ›
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Russian petrochemicals leader Sibur has been increasing capital investment in promoting digital transformation to tackle disruptive changes in the industry. Sibur told East-West Digital News it has developed a technology which allows high-precision modeling of physicochemical processes in petrochemical production. This technology is unique for Russia, claims the company. A pilot project was launched at Tomskneftekhim, where … Russian petrochemical major spearheads digital transformation Read More Read more ›
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Green technologies and innovations from high potential startups are key contributors to the global effort on reaching ambitious climate targets. With this in mind, the EU Delegation to Russia launches a call for pitches for EU and Russian startups that develop and promote green technologies and innovation. This pitching competition is organised in the run-up to the EU-Russia … European Union invites Russian green tech startups to climate conference (deadline:... Read more ›
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The Russian Direct Investment Fund (RDIF, Russia’s sovereign wealth fund) is investing in a telemedicine platform developed by Digital Medical Services (a subsidiary of state corporations Rostelecom and Rostec) and online consultation provider Doctis. While Digital Medical Services will provide expert and methodological support to meet public healthcare standards, Doctis will contribute its information system to the joint … Russian sovereign fund RDIF invests in telemedicine platform, targets 100 million Read more ›
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A center for combating cybercrimes, telephone spam and phishing will be created in Russia as part of a government program for the digital econiomy, the TASS news agency reported earlier this week, citing Minister of Digital Development, Communications and Mass Media Maksut Shadayev. In an attempt to exclude even the smallest external risks of disruption, the ministry … Russia sharpens knives against cybercrime Read More Read more ›
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MegaFon, a major Russian mobile phone operator, is to acquire 33.8% of Digital Media Holding LLC (DMH), the parent company of the Start video service. The amount of the deal was not disclosed, but RBC heard from industry analysts that MegaFon’s stake might have been valued between 1.5 and 2.7 billion rubles (from $19 million to $34 … MegaFon invest in fast-growing challenger on Russian online video market Read More Read more ›
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Most popular sources
Business Insider
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27% 1 |
Tech Wire Asia
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15% 9 |
CNET
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7% 4 |
The Verge
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6% 2 |
Gizmodo
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6% 1 |
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28.11.2024 00:34
Last update: 00:15 EDT.
News rating updated: 07:20.
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