Earlier this week the International Consortium of Investigative Journalists (ICIJ) released the ‘Pandora Papers,’ a deep dive into “offshore havens and hidden riches of world leaders and billionaires.” Millions of leaked documents unveil financial secrets of current and former world leaders, politicians and public officials in 91 countries and territories, alongside “a global lineup of fugitives, con artists …
In late September Embracer Group AB, a major Swedish developer and publisher of PC, console and mobile games for the global market, announced the full acquisition of Russian Bytex. Founded in 2004 and based in Saransk (650 km east of Moscow), Bitex is a quality assurance (QA) studio focusing on games and B2B web portals. …
Swedish Embracer Group buys Russian game QA studio Bytex Read More
Yandex plans to launch a cloud business in Germany next year, the company said ahead of its annual Yandex.Scale cloud conference in late September. The NASDAQ-listed Russian digital major is making an initial investment of $30 million until the end of 2022. The money will be used to purchase equipment and rent data centers. Yandex …
Yandex invests $30 million to launch cloud business in Germany Read More
Amma Pregnancy Tracker, a fast-growing, Russian-made mobile application for pregnant women, has attracted $2 million to fuel its international expansion. The startup plans to develop teams in Latin America, its largest market today by number of users, as well as in Southeast Asia, and to grow its 10 million+ user base. This app helps …
Russia could impose record fines on Facebook and Google (held responsible for YouTube) for not removing prohibited content. Since these companies are accused of repeated violations, fines could be in the range of 1/20 to 1/10 of the yearly revenues they generate in Russia. Thus Facebook, which makes around 10 billion rubles per year in the …
Facebook and Google exposed to record fines for not removing unlawful content in Russia Read More
Softline, an international IT solution and service provider with Russian roots, confirmed yesterday its IPO plans. As reported by Reuters, the company plans to raise some $400 million through an IPO on the London Stock Exchange and a secondary listing in Moscow. Targeting a valuation of around $2 billion, Software will float 20-25% of its shares, “a person familiar with the matter” …
Russian IT major Softline plans dual listing on London and Moscow exchanges Read More
On Sept. 28 Russian authorities arrested Ilya Sachkov, the 35 year-old founder and CEO of a leading Russian cybersecurity company, under “state treason” charges. The news sent a chill through the IT and business community, as it followed recent cases involving prominent tech entrepreneurs and investors in Russia — from US private equity investor Michael …
Top Russian cybersecurity executive Ilya Sachkov arrested in state treason case Read More
OCSiAl, the Russian-founded global graphene nanotube leader (pronounced ‘Oxial’), intends to get listed on a Western exchange until the end of this year by merging with a SPAC. The company aims for a $3 billion valuation, its co-founder Yuri Koropachinsky told Forbes Russia last week. “We’re having very deep discussions with nine SPAC companies,” he said. SPACs are becoming trendy among Russian-founded …
Two Skoltech research units — the Laboratory for Quantum Information Processing of the Skoltech center of Photonics & Quantum Materials (CPQM) and the ‘Zhores’ supercomputing team of the Skoltech Center for Computational and Data-Intensive Science and Engineering (CDISE) — have teamed up to emulate Google’s quantum processor. Reproducing noiseless data following the same statistics as Google’s …
Skoltech scientists use supercomputer to probe limits of Google’s quantum processor Read More
Jiffy, a 10 month-old UK grocery delivery and dark store startup, has secured a $28 million Series A round. Coming after two funding rounds completed earlier this year, this capital injection brings to $35 million the total amount raised so far by the startup, as reported by TechCrunch. Led by family-owned investment company Heartland, the round was supported by Baring Vostok, …
An international research team led by Skoltech and IBMResearch has created an extremely energy-efficient optical switch that could replace electronic transistors in a new generation of computers manipulating photons rather than electrons. In addition to direct power saving, the switch requires no cooling and is really fast: at 1 trillion operations per second, it is …
Skoltech and IBM researchers create energy-efficient optical switch for next-gen computers Read More
The Russian venture market, which barely reached $700 million in 2020, could double this year, if judging by the performance of the first semester. Since it started to emerge in the nineties, this market experienced periods of growth, followed by crisis shocks which threw it down repeatedly. Alexey Solovyov, a figure of the Russian venture …
