Microsoft will run a 30-day ad campaign in Russian newspapers Delovoy Peterburg and The Moscow News in an effort to notify the parties responsible for the Rustock botnet that the botnet has been shut down and that they are being summoned to court, the company reported in its blog on Monday.
Prominent Russian venture fund Almaz Capital Partners has provided a round of financing for Tallinn based online dating service Flirtic, the latter reported in a news release yesterday. The undisclosed amount will be used for the development of Flirtic in Russian and English speaking communities.
Yandex announced earlier this week it will finance St. Petersburg-based Zenmoney.ru, a personal accounting and budget planning service. This seed financing round of an undisclosed amount will be made under Yandex.Factory, an investment program launched last April to help startups finance their product, prototype, or project development at the seed or early stage.
AlterGeo, a Russian startup inspired by the Foursquare concept, announced yesterday it has closed a third round of financing with Intel Capital, prominent Russian venture fund Almaz Capital — sometimes called the Almaz-Cisco fund, and U.S. angel investor Esther Dyson, who is involved in several Russian IT projects.
Russia and Iran have agreed to build a high-speed telecommunications cable linking Europe to Persia, signing the deal on Wednesday during a visit to Iran by Russian Minister of Communications and Mass Media Igor Shchegolev. The information superhighway will start in Oman, pass through Iran and Russia, and end in Germany. The line may eventually be extended to …
Russia’s leading online shoe retailer Sapato.ru announced today that it has raised $12 million in a third round of financing. Intel Capital, Intel’s global investment fund, led the investment round along with earlier investors in the project – Direct Group, a Western investment company operating in Moscow through its incubator FastLane, eVenture Capital Partners, the …
Microsoft has denied any intention to hand over Skype encryption algorithms to the FSB, Russia’s Security Service. At a press conference held yesterday morning, Microsoft’s representative in Russia, Nikolai Pryanishnikov, made an ambiguous statement about such a possibility, saying “I would be glad to do it” after Skype is integrated into the company, reported several …
Microsoft waffles, then denies offering Skype encryption code to FSB Read More
Russia’s national long distance carrier and leading telecom group Rostelecom has wrapped up a deal with its Chinese peer China Telecom to expand the capacity of the Transit Europe-Asia (TEA) system, Rostelecom reported in a press statement on Monday.
Founders Bootcamp, a four day intensive training program for Russian startups, took place June 2–5 at the Moscow State University Science Park. More than 60 startup teams gathered to discuss their projects with business angels and venture capitalists from the US and Russia.
Mail.ru Group, a leading player on the Russian Internet market, has just launched two new services on its top two web properties: a real-time news and blog search on its Mail.ru portal and a streaming audio and sharing application on its Odnoklassniki.ru social network.
The Organization for Economic Co-operation and Development report on Russia, published on June 6, urges the Russian government to step up protection of intellectual property rights, strengthen competition and invest more in research and development to boost innovation and entrepreneurship across the economy.
Microsoft is ready to invest some $10 million into 100 Russian startup companies over a 10-year period, the president of Microsoft Russia Nikolya Pryanishnikov told RBC, a Russian news agency yesterday. “Our experience is that investment into a single startup should total between $50,000 and $500,000 with an average of $100,000,” Pryanishnikov explained. According to …
Microsoft to distribute $10 million among 100 Russian startups over 10 years Read More
