The Untitled, one of the most established VC firms investing across Russia and Eastern Europe, has analyzed investment deals involving startups founded over the past 10 years in Russia or by Russian entrepreneurs. The research covered the deals completed from December 2020 to November 202. It was conducted jointly by The Untitled and Rusven, an influential Telegram …
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 …
Russian IoT startup receives $5.4 million in state money to develop in Western markets Read More
On Friday last week, Russia slapped tech giants Google and Meta with penalties totaling over $125 million for repeated failure to remove banned content, the media reported. A Moscow magistrate’s court fined Google 7.2 billion rubles (around $98 million at the current exchange rate) under a legal clause that allows courts to impose between 5% and …
Russia imposes record fines to Google, Meta for failing to remove banned content Read More
As Buy Now Pay Later (BNPL) has become a popular way for consumers around the globe to settle their purchases, Russia’s Central Bank is seeking to regulate this activity. In this exchange with East-West Digital News,, industry pioneer Irene Shvakman – who co-founded Revo Technologies, Russia’s first BNPL service, even before today’s Western leaders appeared …
No less than two million preliminary diagnoses using a neural network were made to date in Moscow during medical home visits, city authorities announced last week. “Today, the latest digital tools are used in routine medical practice in all adult polyclinics relies – including a clinical decision support system (CDSS) allowing for AI-powered preliminary diagnoses,” according Moscow’s Department of Information Technologies (DIT). After the practitioner enters the patient’s …
On Dec. 22 New East Tech Awards highlighted 11 startups from Eastern Europe operating in a variety of fields. One of the winners is based in Kyiv, Ukraine, three are from Estonia while the others are located in Russia or founded by Russians. The awarded companies received investment proposals from The Untitled, one of the …
New East Tech Awards highlight 11 promising startups from Russia, Estonia, Ukraine Read More
The Russian online education platform Synchronization, launched by in 2015, has raised $2.25 million, reports business daily Kommersant. The round was led by investment holding Avenir and Rusagro co-owner Maxim Basov. The deal also involved Adfirst VC as well as individual investors Stas Korostelev, Mikhail Tsyferov, Anton Volkov and others. The platform offers courses in …
Geographers know Yakutia (also called Republic of Sakha) for its low temperatures, commonly dipping below −35 °C in winter, its capital Yakutsk being the world’s coldest large city. Economists and businessmen are aware of its considerable wealths in terms mineral exploitation, with a focus on diamond, gold, and tin ore mining industries. But Yakutia has also engaged on the road to technology development, with notable achievements in terms …
Last week Lenta announced an agreement to acquire online-retailer Utkonos from Severgroup. The parties expect to complete the transaction in February 2022. A major Russian retail group listed in both Moscow and London, Lenta aims to “create a leading e-grocery platform covering all key shopping missions and market segments.” Lenta will also “significantly expand its online …
Wildberries, the number one Russian e-commerce company, has launched sales on the UK market, its “19th country of presence.” UK customers can find on the site no less than 5.5 million goods from 164,000 international brands — from apparel and footwear, to beauty goods, toys, electronics and books — says Wildberries, cited by the TASS …
Russian e-commerce leader Wildberries makes first steps on UK market Read More
Earlier this month — just weeks after it began trading on the Nasdaq — Russian online real estate service Cian.ru announced “changes in publication rules” and started deleting ads offering rentals “for Slavs only.” According to this new policy, “advertising text must not contain direct or indirect discrimination, nor incitement to discrimination based on race or ethnicity (including indicators such as …
Nasdaq-listed Cian.ru bans racial discrimination in rental ads Read More
Sber’s excellence in certain technology segments, including artificial intelligence, was highlighted several times earlier this month through a variety of international and domestic awards. In the yearly ranking “World’s Best Trade Finance Providers” of international magazine Global Finance, the Russian financial and digital giant appeared as number one in the category “Best Use of Artificial …
3 awards in 2 weeks: Sber’s AI teams and products gain international recognition Read More
