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East-West Digital News
East-West Digital News @ East-West Digital News 1 place · 11/12/2021 07:35 EDT

Russian-founded incident management tool Amixr acquired by US major Grafana Labs

US open source software platform Grafana Labs has acquired a Russian-founded startup called Amixr. Launched in 2019, this company has developed an incident management platform that allows DevOps and SRE engineers to “optimize channels, recipients, and content” and solve IT problems more rapidly.   Grafana Labs provides a monitoring solution for databases, featuring “beautiful, flexible dashboards” to “create, explore and 
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East-West Digital News
East-West Digital News @ East-West Digital News 1 place · 11/11/2021 00:01 EDT

Russia’s Sber join Council of Europe technology corporate partnership program

Sber, the Russian state-controlled financial and digital giant, is joining a Council of Europe technology partnership program. “The parties are set to exchange information, opinions, and best practices while developing interaction and partnership in high-tech fields,” Sber stated.  The agreement was inked on Nov. 10 during Sber’s international AI conference, Artificial Intelligence Journey — in which BjĂžrn Berge, Deputy Secretary General of 
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East-West Digital News
Russia Beyond @ East-West Digital News 2 place · 11/10/2021 15:04 EDT

Russian users outraged by first official ads appearing in Telegram

The minimum amount to be deposited to Telegram’s new advertising cabinet is €2 million. But instead of global brands, the first ad messages promoted channels about cryptocurrencies, random news and stock exchange trading courses.  The Russian-speaking audience and channel owners turned out to be dissatisfied and even outraged about the “innovation” – in their opinion, the ads, on the contrary, look 
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East-West Digital News
East-West Digital News @ East-West Digital News 3 place · 11/10/2021 10:49 EDT

Just-born games studio raises $3 million to address “the most exciting and fastest-growing entertainment niche”

Kek Entertainment, a Moscow and Cyprus-based “gaming video creator,” has attracted $3 million in pre-seed funding to develop mobile action games. This is “the largest pre-seed round ever in a gaming startup from in Russia or neighboring countries,” the participants in the deal claimed. The company started in September and is hiring. It was founded by two former 
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East-West Digital News
East-West Digital News @ East-West Digital News 1 place · 11/09/2021 02:30 EDT

Online realty leader Cian raises $293 million in New York listing, carsharing major Delimobil postpones IPO

Cian, a leading online real estate classifieds platform in Russia, began trading on the New York exchange on Friday, Nov. 5, under the symbol ‘CIAN.’ At a valuation of $1.1 billion, the company offered 18,213,400 American Depositary Shares (ADS). A dual listing on the Moscow exchange was announced imminently. The ADS were priced at $16.00 per ADS, the upper limit of its indicative range. Cian shares had 
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East-West Digital News
East-West Digital News @ East-West Digital News 1 place · 11/05/2021 09:32 EDT

Sber to open R&D center in Berlin “to expand horizons in machine learning”

Sber, the Russian financial and digital, is preparing to open an R&D center in Berlin — its first one in Europe. These plans were announced by Sber’s Executive Vice President and CTO, David Rafalovsky at the Web Summit conference in Lisbon. This initiative aims to attract high-class IT developers, architects and specialists. “Our center is focused on 
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East-West Digital News
East-West Digital News @ East-West Digital News 2 place · 11/04/2021 18:36 EDT

How the pandemic has impacted retail, logistics and delivery in Russia

The pandemic has had an unprecedented impact on retail and delivery markets. In Russia, e-grocery was among the most impacted industries: the number of orders in this segment increased by 174% y-o-y in the first half of 2021, according to Data Insight. Fast delivery has become one of the main trends in the food sector 
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East-West Digital News
Bloomberg @ East-West Digital News 1 place · 11/03/2021 07:01 EDT

Ransomware HQ: Moscow’s tallest tower is a cybercriminal cash machine

The crown jewel of Moscow’s business district, a 97-story glass tower known alternately as Federation Tower East or Vostok, is a tribute to Russia’s post-Soviet economic influence and national strength. Promotional materials for the building, which was the tallest in Europe when it was completed in 2017 and is now number  2, boast of its 
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East-West Digital News
bne IntelliNews @ East-West Digital News 1 place · 10/28/2021 04:15 EDT

Russian team with mysterious backers wins world’s biggest eSports prize

On October 17, Russia’s Team Spirit triumphantly lifted the Aegis of Champions. The team of five youngsters – the oldest of them only 23 years of age – looked somewhat out of place, dwarfed by Romania’s biggest stadium. The International 10 is no ordinary sporting event: it is the world championship for multiplayer online battle 
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East-West Digital News
East-West Digital News @ East-West Digital News 1 place · 10/27/2021 08:38 EDT

Russian IT major Softline raises $400 million in London IPO

Softline, an international IT solution and service provider with Russian roots, started trading today on the London Stock Exchange with a secondary listing in Moscow. New shares worth $400 million were sold at $7.50 apiece, valuing Softline at about $1.5 billion, according to a company statement cited by Bloomberg.  The company initially targeted a valuation of around $2 
 Russian IT major Softline raises $400 million in London IPO Read... Read more â€ș

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East-West Digital News
Cointelegraph @ East-West Digital News 2 place · 10/26/2021 12:03 EDT

Russia does “absolutely nothing” to regulate cryptocurrencies, says industry advocate

Despite Russia adopting its first cryptocurrency law in January 2021, the country’s cryptocurrency market is still largely unregulated and is associated with a lot of uncertainty, according to a local industry advocate. Yury Pripachkin, head of the Russian Association of Cryptoindustry and Blockchain (RACIB), argued that the existing Russian crypto regulations are nothing more than “half-measures” that 
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East-West Digital News
bne IntelliNews @ East-West Digital News 1 place · 10/21/2021 18:48 EDT

Tinkoff enters e-commerce race as competition intensifies

Russian online bank Tinkoff has launched an e-commerce venture. The new platform, a constellation of services and tools designed to help entrepreneurs handle and boost their online sales, will cater to a rapidly expanding online economy in Russia, as well as to clients hoping to grow their international presence. Tinkoff has hired Ilya Kretov, formerly 
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East-West Digital News
East-West Digital News @ East-West Digital News 1 place · 10/21/2021 09:30 EDT

New Russian delivery services launched in London, Oman and Vancouver

As part of an already established trend, the past few weeks saw Russian players assert themselves again on the international express delivery scene. In early October, two Russian entrepreneurs, Yevgeny Bisovka and Razmik Sukiasov, secured a $6.1 million round to develop Tiggy. This serve offers “free 15-minute grocery delivery with great retail prices and exceptional customer service” in Vancouver, 
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East-West Digital News
East-West Digital News @ East-West Digital News 3 place · 10/21/2021 04:27 EDT

Russian-founded startup raises $4.5 million to reinvent the Rubik’s Cube

WowCube, a startup founded by IT entrepreneur Ilya Osipov from Nizhny Novgorod, is reinventing the Rubik’s cube. Launched in 2017, the company touts itself as “the first-in-class innovative gaming platform where virtual gameplay is controlled by physically tilting, twisting, and shaking the device.” According to CrunchBase data, the company — now registered in Florida — 
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East-West Digital News
East-West Digital News @ East-West Digital News 3 place · 10/20/2021 13:21 EDT

Affiliate network Admitad buys two Russian startups, opens US office to “expand aggressively”

Admitad, an international affiliate network with Russian roots, announced two acquisitions this month, targeting Russian startups CheckScan and Pampadu.   The previous is a QR code scanner for receipts that allows customers to analyze their spending and compare prices across various outlets. CheckScan claims to  processes over 2 million receipts a day, serving “hundreds of thousands of consumers” across the country.  
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East-West Digital News
East-West Digital News @ East-West Digital News 1 place · 10/19/2021 05:05 EDT

Now a top global crypto mining location, Russia considers introducing higher energy tariffs

Russia has become one of the world’s important locations for Bitcoin mining activity, following China’s crackdown on crypto earlier this year. In August 2021, according to the Cambridge Bitcoin Electricity Consumption Index,  Bitcoin miners in Russia account for 13.6% of the total global BTC mining hash rate distribution, bested by only the United States (26.2%) and Kazakhstan (21.9%). Energy consumption has grown dramatically in 
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East-West Digital News
East-West Digital News @ East-West Digital News 2 place · 10/18/2021 16:12 EDT

Russia and WEF to launch ‘Centre for the Fourth Industrial Revolution’ in Moscow

Last week the Russian government and the World Economic Forum announced Russia is joining the WEF’s Centre for the Fourth Industrial Revolution (CFIR) Network. The agreement was inked in Moscow by WEF President BĂžrge Brende and Russian Deputy Prime Minister Dmitry Chernyshenko.  CFIR Russia will be hosted by Digital Economy, a Moscow-based non-profit created by national technology leaders to facilitate 
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East-West Digital News
The Moscow Times @ East-West Digital News 1 place · 10/15/2021 06:11 EDT

Moscow metro introduces “world’s first” pay-by-face system

The Moscow Metro on Friday rolled out what authorities have touted as the world’s first fare payment system based on facial recognition technology. The cashless, cardless and phone-less system, called ‘Face Pay,’ has been fitted at special turnstiles across the Russian capital’s more than 240 metro stations. “To enter the metro, passengers won’t need a 
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East-West Digital News
TechCrunch @ East-West Digital News 2 place · 10/14/2021 16:28 EDT

Yandex acquires Wind’s Israeli e-scooter operations

Russian tech giant Yandex is expanding its mobility footprint in Israel with the acquisition of shared e-scooter company Wind’s Israeli operations. The two are not sharing the terms of the deal, but Israeli financial newspaper Globes reported that it is estimated to have cost $40 million to $50 million. Wind is one of the top e-scooter sharing 
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East-West Digital News
East-West Digital News @ East-West Digital News 1 place · 10/14/2021 13:10 EDT

Russian and Ukrainian roots, US exit: Jelastic acquired by Virtuozzo

Last week Jelastic, a multi-cloud Platform-as-a-Service (PaaS) company established in Silicon Valley with Russian and Ukrainian roots, announced its acquisition by Seattle-based Virtuozzo. The terms of the deal were not disclosed.  Jelastic’s cloud services combine platform and container capacities in a single package for hosting providers, enterprises and developers. Virtuozzo is a leader in virtualization and hyperconverged software: its 
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