Jane Kuhuk

Project manager at East-West Digital News and Ukraine Digital News. Graduated with honors from National Technical University of Ukraine "Kyiv Polytechnic Institute".

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UK company launches Russian-to-English “Neural Machine Translation” with 90% accuracy

July 11, 2018

In late June SDL, a UK-based developer of language translation technologies, announced that its solution, a next-gen Neural Machine Translation 2.0, has learned to translate from Russian to English with “over 90% of its output labelled as perfect by professional Russian-English translators.” “A machine running SDL NMT 2.0 can now produce translations of Russian text …

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Russian and Belarusian funds invest $2 million in AI startup

July 3, 2018

Larnabel Ventures, a Moscow-based company founded by the Gutseriev family to invest in IT, and VP Capital, a venture fund backed by Belarusian businessman Viktor Prokopenya, have teamed up to invest $2 million in Read2play, as reported by VentureBeat earlier this month. Developed by Belarusian AI startup FaceMetrics, this app presents itself as “not just …

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DST Global leads giant round for Indian food delivery startup

June 27, 2018

DST Global, a major global venture fund managed by Russian billionaire Yuri Milner, led a $210 million round for the Indian food delivery startup Swiggy, TechCrunch has reported. Another leading investor was the startup’s earlier backer Naspers. The round brought the company to a $1.3 billion valuation. According to CrunchBase, Swiggy has raised to date $465.5 …

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Russia’s Softline acquires stake in Norwegian Crayon

June 14, 2018

Softline, a Moscow-based international software licensor and IT service provider, has acquired a minority stake in its Norwegian IT counterpart Crayon, the company announced earlier this month. Although the amount of the deal has not been disclosed, Russian business daily Vedomosti reports that Softline may have put around $12 million on the table to acquire …

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IIDF, Russia’s largest startup fund, celebrates 5 years of operations

December 26, 2018

The Internet Initiatives Development Fund (IIDF, or FRII in Russian), Russia’s biggest fund for early-stage startups, has announced the results of its operations since inception. The fund launched in mid-2013 as an instrument to support the emergence of a strong startup industry in Russia. It initially received the equivalent of $200 million – a huge …

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Russian cinema goes crypto

June 11, 2018

Konstantin Khabensky, a famous Russian actor and director, has teamed up with Ilya Zibarev, the ex-chairman of the bank Russian standard, and Nick Evdokimov, the founder of ICOBox, an ICO suport service provider, to launch Cinematix. The news was reported last week by Russian business daily Kommersant. Touted as “the world’s first platform for mass-producing ICOs for …

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Russian DIY marketplace secures $500,000 from international business angels and VCs

January 16, 2021

GdeMaterial, Russian DIY marketplace, has attracted $500,000 from Niels Tonsen, Burkhard Binder and Dominik Picker, co-founders of fashion retailer Lamoda.ru, as well as from Vadim Fedotov, ex-CEO of Groupon Russia and Gazprom-Media Technologies. The news was reported earlier this weeek by Russian business daily Kommersant. Other investors included Impulse VC, a venture fund which is reportedly affiliated to …

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Russian supermarket delivery service attracts $1.9 million from local investors

November 12, 2020

iGooods, a Saint Petersburg supermarket delivery service, has attracted 123 million rubles (roughly $1.9 million at the current exchange rate) in exchange for a 24.6% stake in the company. The news was reported by Russian business daily Vedomosti this Monday. The investors included Moscow-based venture fund SOL Ventures, ex-partners at the venture fund Quadriga Capital Russia, …

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Skolkovo Ventures attracts over $8 million from QIWI co-founder and Russian Helicopters

October 27, 2018

After investing $17 million in Telegram’s ICO private presale this past winter, Sergey Solonin, a co-founder of payment operator Qiwi, has committed to invest 220 million rubles (roughly $3.5 million at the current exchange rate) in Skolkovo Digital, the IT fund managed by Skolkovo Ventures, Skolkovo announced on June 1. Skolkovo Digital primarily targets startups in the …

Skolkovo Ventures attracts over $8 million from QIWI co-founder and Russian Helicopters Read More

Sistema VC teams up with Alibaba Group to invest in US-based Big Data startup

May 31, 2018

Sistema VC, the venture arm of the Russian conglomerate Sistema, has taken part in a $26.4 million Series B round for SQream, a New York-headquartered startup offering a GPU database “for fast, scalable SQL analytics.” Announced on May 30, the round was led by Alibaba Group with participation from existing and new investors including Hanaco …

Sistema VC teams up with Alibaba Group to invest in US-based Big Data startup Read More

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