East-West Digital News

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

November 12, 2021 November 12, 2021

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

November 11, 2021 November 12, 2021

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 Bjørn Berge, Deputy Secretary General of …

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

November 10, 2021 November 10, 2021

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 …

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

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

November 9, 2021 November 14, 2021

Cian, a leading online real estate classifieds platform in Russia, began trading on the New York exchange on Friday, Nov. 5, with a secondary listing on the Moscow exchange announced as imminent. At a company valuation of $1.1 billion, Cian shares had been oversubscribed 10 times by investors, a source in the financial market told Reuters. In their debut on the Nasdaq, the …

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

International family office invests in Russian sexual wellness startup

November 8, 2021 November 12, 2021

Earlier this month Tizzi, a Russian “sexual wellness” startup founded in 2019, announced the completion of its second investment round, attracting 80 million rubles (around $1.1 million). The funding was provided by Mikhail Ryvkin — a business angel who already invested in such projects as ‘Gym-Gym’ and ‘Bright Kitchen’ — alongside an undisclosed “international family office.” Tizzi …

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

November 5, 2021 November 5, 2021

Sber, the Russian financial and digital giant, is preparing to open an R&D center in Berlin — its first one in Western 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 …

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

November 5, 2021 November 5, 2021

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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From driverless cars, to connected transport, to air taxis, Russian mobility technologies are on the rise

November 2, 2021 November 4, 2021

Last month Moscow-based Smart Driving Labs presented its concept of connected vehicle for urban public transport. The solution reportedly “involves the installation of telematics modules with a set of sensor equipment on buses and minibuses and connection via a cellular network to a cloud platform.” The system will allow public transport companies to collect real-time data on movement, speed, sharp …

From driverless cars, to connected transport, to air taxis, Russian mobility technologies are on the rise Read More

Kaspersky acquires SDN/NFV software vendor Brain4Net to boost its cloud security business

November 1, 2021 December 1, 2021

In late October Kaspersky Lab announced the acquisition of Brain4Net, an SD-WAN and NFV orchestration software developer born in Russia in 2015. “We’re going to significantly boost our cloud security capabilities and XDR offering. The acquisition enables us to develop reliable detection and response capabilities in the ‘cloud-first’ paradigm by delivering our own solutions based …

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While political pressure mounts at home, startups and investors from Eastern Europe amass successes on the global stage

October 29, 2021 October 30, 2021

Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia, Ukraine, and Belarus, with a quarterly review by EWDN Chief Editor Adrien Henni highlighting the most notable industry facts and trends across the region. More than with tech innovations, Russia made the news this past summer by staging …

While political pressure mounts at home, startups and investors from Eastern Europe amass successes on the global stage Read More

Russian IT major Softline raises $400 million in London IPO

October 27, 2021 October 27, 2021

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 …

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This techie from a small Siberian town co-owns a $6 billion German HR tech startup

October 25, 2021 October 26, 2021

The impressive list of Russian entrepreneurs involved in multi billion dollar tech companies — from Pavel Durov (VK, Telegram), to Andrew Filev (Wrike), to Nikolay Storonsky (Revolut), to Ratmir Timashev (Veeam Software), and many more — is not coming to an end. 31-year-old Arseniy Vershinin, who was born in Ulan Ude, a small town in Siberia, is also one of them. A …

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