Analysis

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

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 …

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Russian team with mysterious backers wins world’s biggest eSports prize

On October 17, Russia’s Team Spirit triumphantly lifted the Aegis of Champions. The team of five youngsters – the oldest of them only 23 years of age – looked somewhat out of place, dwarfed by Romania’s biggest stadium. The International 10 is no ordinary sporting event: it is the world championship for multiplayer online battle …

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Amid market breakthroughs and geopolitical crises: 20 years of venture capitalism in Russia

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 …

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The pursuit of a human face: Can interfaces make machine learning accessible?

The adoption of artificial intelligence (AI) and machine learning (ML) in various business processes is on the rise. This is evidenced, for example, by the steadily increasing media coverage, which indicates an increasing relevance of the technology. A growing number of application practices confirm the fact: the ICT.Moscow database, in 2021 alone, collected more than a …

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Survey: 77% of Russian investors prefer Bitcoin to gold and forex

In late August Russia’s Association of Forex Dealers (AFD), a local self-regulatory organization focused on the foreign exchange market, released a survey about the local investor sentiment regarding cryptocurrencies. The survey was conducted from Aug. 4 to Aug. 24, 2021 among 502 respondents. Nearly 77% of them said that cryptocurrencies such as Bitcoin, Ether and …

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Russia’s drive to replace foreign technology is slowly working

The relentless Russian offensive against global online platforms doesn’t show any sign of slowing down. That poses a question: Is Russia preparing to get rid of global platforms by the end of the year?  Such a development now seems highly likely, given the scale of the Russian import substitution effort in technology — a campaign which is …

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Five electric cars made in the USSR

The Soviets developed an electric garbage truck as early as in 1935, but the electric car industry failed to gain any momentum in the USSR. Dubbed ‘LET,’ the very first electric vehicle in the USSR was made in 1935. Oddly, it was designed to be used as a garbage truck. The new electric model was …

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Eastern Europe quarterly review : SPACs with Russian flavors, new VC darlings, food delivery disruption

Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia, Ukraine, and Belarus, with a column by EWDN Chief Editor Adrien Henni highlights the most notable industry facts and trends across the region. The second quarter of this year was marked, in particular, by the emergence of SPACs …

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Why is Russia not using Pegasus spyware?

When a group of international investigative journalists and researchers broke the news that spyware called Pegasus, produced by the Israeli NSO Group, had helped repressive governments across the world spy on journalists, activists and lawyers on an unprecedented scale, the question emerged: Where was Russia? Russia’s government bodies — the secret services — are known …

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Annoying LinkedIn networkers are actually Russian hackers spreading zero-days, Google says

Most LinkedIn spam is just annoying. But new research from Google suggests some of it was outright dangerous: Russian government hackers targeted European government officials with LinkedIn messages that contained malicious links designed to exploit unknown vulnerabilities in Windows and iOS, according to Google’s report. Google’s Threat Analysis Group published new research on Wednesday, detailing …

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Behind stereotypes: Putin’s cybercrime challenge

By Mark Galeotti, Director of the consultancy Mayak Intelligence, Honorary Professor at UCL School of Slavonic & East European Studies. Following recent cases of Russian-linked cyberespionage and ransomware attacks, President Joe Biden has cranked up the pressure on Vladimir Putin to act. Despite easy stereotypes that the Kremlin is behind, or at least passively sanctions …

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