Jane Kuhuk

“Next years promise to be no less interesting,” says Grishin after Ring’s $1 billion deal

March 1, 2018 March 2, 2018

Grishin Robotics, an international venture fund with Russian roots, was among the investors in Ring, a global manufacturer of home security products which has just been acquired by Amazon at a $1 billion valuation. The Ring devices, which provide “smart security at every corner,” can integrate with Amazon’s voice-controlled assistant Alexa — and there’s a potential …

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Russia’s Sistema Asia Fund invests in Indian startup offering “world’s first AI coach”

February 20, 2018 February 20, 2018

Earlier this month HealthifyMe, which presents itself as India’s leading e-health and fitness platform, announced the completion of a $12 million series B round of funding led by Sistema Asia Fund, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema. The round also involved Silicon Valley-based Samsung NEXT, Singapore’s Atlas Asset Management and …

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MTS acquires two event ticketing companies, aims for market leadership

February 19, 2018 February 19, 2018

Last week MTS, a leading Russian mobile operator, announced the acquisition of a 100% share in Ticketland.ru and a 78.2% share in Ponominalu.ru, two leading event ticket operators in the Russian market. MTS says it expects to establish itself as a leading ticket operator in Russia. The deal “will allow the company to broaden its …

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Crypto rush in Russia: Miners from nuclear research center may face up to 20 years behind the bars

February 14, 2018 February 15, 2018

The cryptocurrency fever can push people to a variety of ill-advised steps. In Russia, a group of employees of a nuclear research center in Sarov were detained by the Federal Security Service (FSB) for “unauthorized use” of the facility’s supercomputers to mine cryptocurrency. The news was reported last week by the online publication TJournal, which cited …

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Tinkoff Bank now valued at $4 billion, launches R&D center at Skolkovo

February 12, 2018 February 12, 2018

On February 9, Tinkoff Bank, the Russian digital lending giant, announced the launch of an R&D center at Skolkovo, the international tech hub under completion on the outskirts of Moscow. The new center will focus on Blockchain-based solutions and cryptoeconomics research in order to boost the Tinkoff’s financial ecosystem. “The ideas and prototypes developed at …

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Telemedicine becomes legal, attracts more investment in Russia

February 9, 2018 February 9, 2018

A new telemedicine law came into effect on January 1, allowing Russian citizens to benefit from a range of e-healthcare services. Signed by President Vladimir Putin in July 2017, the legislation makes legal remote professional communication between doctors, as well as communications between doctors and patients or their legal representatives, as reported by the news …

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Belarusian Wargaming and Russian VRTech invest $16 million in VR gaming company

February 6, 2018 February 6, 2018

Wargaming, the famous Belarusian game publisher, has teamed up with VRTech to make the popular tank battles of the World of Tanks available in virtual reality (VR) format. To this end, the two companies intend to inject $16 million in a dedicated joint venture named Neurogaming, as reported in late January by the Russian business …

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Softline Venture Partners invests in social media brand pages analytics

January 25, 2018 January 25, 2018

Softline Venture Partners, the venture arm of software publishing group Softline, has invested an undisclosed amount in JagaJam in exchange for a minority stake. The company will use the fresh investment to develop its technological platform, create new adjacent analytical products and scale up its business in Russia and beyond. A pioneer in the segment …

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VEB Innovations to invest $3.5 million in Russian retail systems developer

January 24, 2018 January 24, 2018

VEB Innovations, the venture arm of Vnesheconombank supporting innovative projects, is planning to invest up to 200 million rubles ($3.5 million at the current exchange rate) in Compo, a Russian developer and manufacturer of automated retail solutions. Compo is planning to use the financing to develop sales on the global market. Currently, the company is …

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Neuromation raises $50 million through ICO “to democratize the AI industry”

January 11, 2018 January 12, 2018

Earlier this week Neuromation, a Blockchain and distributed synthetic data platform for deep learning applications, announced that it sold 60 million of its tokens just eight hours after the start of its public sale. This brings the amount raised during both the pre-ICO and ICO campaigns to the total equivalent of $50 million. Contributors from …

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AddVenture invests in Greek and Spanish online services

December 14, 2017 December 17, 2017

AddVenture, a major Russian venture fund, has invested $500,000 into the Spanish same-day laundry and dry-cleaning online service MrJeff in exchange for a 10% stake in the company. The news was reported by the Russian online publication Firrma.ru earlier this week. Touted as “the laundry revolution,” this subscription-based service claims to have over 15,000 clients in …

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Sberbank invests in VisionLabs to build “unique biometric identifier”

November 23, 2017 December 15, 2021

Last week Sberbank, Russia’s national savings bank, announced an investment in VisionLabs, a Russian startup specializing in facial recognition, data analysis and robotics. The deal, the terms of which remain undisclosed, aims to support VisionLabs’ expansion on the international markets, including Europe, the USA and Asia. Sberbank has acquired a 25.07% stake, the remaining shares belonging to …

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