Search Results for: tatarstan

Russian IoT startup receives $5.4 million in state money to develop in Western markets

February 24, 2022

Mircod, a Russian “IoT-as-a-service” company, has just received  400 million rubles ($5.4 million) from state-owned development corporation VEB.RF via its affiliate fund VEB Ventures, reports business daily Kommersant.  Established in 2016 in Tatarstan, a tech friendly region of Russia, Mircod enables rapid prototyping of IoT products and solutions. It has developed a “centralized platform to automate the development of IoT …

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Segezha Group: How a Russian forestry major addresses digitalization and sustainability challenges

March 29, 2024

Segezha Group, a major Russian producer of fiber-based packaging and forestry products, is a global leader in sack paper (#2), paper sacks (#2) and birch plywood (#5). Unlike most of its industry peers, the group is fully vertically integrated and controls its own forests. Operating across several countries, it holds long-term (typically 49 years) leases …

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Fighting brain drain and creeping authoritarianism in Russia’s techno-utopian village

April 30, 2021

Founded in 2015 near Kazan, Tatarstan — some 800 km east from Moscow, — Innopolis provides a glimpse into what technocrats within Putin’s regime hope will be the vision of a future Russia. As the government looks for ways to make the country less dependent on hydrocarbons and to build up the national tech sector, which is …

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Movika acquisition: Sber goes video

April 9, 2021

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. Sber announced its subsidiary Digital Assets acquired a 58% stake in Movika and could increase it to 80% in the future. The amount of the deal was not disclosed.  Movika’s technology allows …

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Ford to become first mass producer of electric vehicles in Russia

March 29, 2021

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 Russia’s republic of Tatarstan from 2022, a company …

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Russian Venture Forum: “A new decade of radical transformations” (offline+online, Kazan, April 7-8)

March 23, 2021

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 country’s leading industry events, this forum is held each year in Kazan, the capital of the Republic of Tatarstan. This edition …

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AliExpress Russia invests in regional marketplace KazanExpress

February 7, 2022

AliExpress Russia, a leading cross-border and domestic e-commerce platform in Russia, has invested in a major regional e-commerce company, KazanExpress, acquiring a 30% stake. The amount of the transaction was not disclosed but, in an exchange with Kommersant, KazanExpress co-owner Linar Khusnullin refered to an amount of “several billions of rubles” (dozens of millions of …

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Russian truck giant Kamaz aims to scout startups across the world

January 25, 2021

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 companies said they will “jointly search for new markets in the transport sector and attract investment in start-ups.” They may also consider “creating a …

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US health and beauty online giant iHerb plans to invest $100 million in Russia

October 16, 2020

iHerb, one of the most successful international e-commerce companies in Russia, is planning to invest some $100 million in this country in the next two years.  These investments are aimed to “improve the Russian customer services, support and expand product export by Russian manufacturers, [develop] partnerships with Russian logistics companies, expand in-house technology development center operations, and build …

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Kaspersky purchases additional stake in Russian cloud solution provider

July 22, 2020

Moscow-based Kaspersky Lab, one of the world’s top cyber security vendors, has increased its stake in New Cloud Technologies (NCT) from 29.5% to 47%, the Kommersant business daily reported. These shares were sold by company founder Andrey Cheglakov. Kaspersky acquired its initial 29.5% stake in May last year. Launched in 2013 — now with offices in Moscow, St. …

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In Russia’s regions under lock down, digital permits could expose citizens to mass data leaks

November 12, 2020

At least 21 autonomous republics and regions of the Russian Federation are setting up digital permit systems to enforce self-isolation rules: with a few exceptions, anyone who wants to leave their home in those regions needs or will need an official permission. These regional governments are using one and the same application: “Gosuslugi Stop Coronavirus,” …

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Kaspersky Lab acquires stake in Russian cloud tech company NCT

May 10, 2019

Moscow-based Kaspersky Lab, one of the world’s top cyber security vendors, has announced the acquisition of a 29.5% stake in New Cloud Technologies (NCT), the Interfax news agency reported. Launched in 2013 — now with offices in Moscow, St. Petersburg and Innopolis (Tatarstan) — this company develops complex cloud solutions  for online mass storage and document processing. Its …

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