Corporate

Russian “robotic nurse” provides primary medical care and administrates drugs

September 27, 2018

Tecmash, an entity of state-controlled technology conglomerate Rostec, has presented an enhanced version of Angel, an automated diagnostic and therapeutic system. This “robotic nurse” has been designed to “provide medical care during primary diagnostics, automated control over vital functions of an injured person, and ensure invasive administration of prescribed drugs in accordance with a specific …

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Airline company S7 to launch $50 million venture fund

September 27, 2018

S7 Group, a major Russian airline company, is about to launch a $50 million venture fund, Vedomosti reports. Since last year, the group has already invested some $10 million “in startups developing digital and industrial technologies,” S7’s VP for innovation Dmitry Chuiko told the business daily. These startups are from Western Europe, the USA, India and China, with …

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AI-powered service marketplace raises $17 million to “disrupt the classifieds market”

September 23, 2018

YouDo.com, a platform that matches people requesting and providing day-to-day services, has raised $17 million in an equity funding round led by mobile operator MTS, as reported by the business daily Kommersant. MTS put $12 million on the table, while undisclosed amounts were brought by Sistema Venture Capital (one of the investment vehicles of Sistema, a …

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Alibaba and Mail.Ru Group join forces to create “one-stop platform for social, communications, gaming and shopping”

October 15, 2018

Alibaba, Mail.Ru Group, Russian telco MegaFon and sovereign fund Russian Direct Investment Fund (RDIF) today announced a “strategic partnership” that encompasses such a wide area as e-commerce, social media, online entertainment and communications combined. The agreement aims to leverage on the existing businesses of AliExpress Russia, the B2C marketplace owned by Alibaba which controls a …

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Rusnano used for Russian intel activity in Silicon Valley, says US media

September 8, 2018

“Russian intelligence has had an intensive interest in San Francisco stretching back to the beginning of the Cold War,” wrote Zach Dorfman in Politico this summer in an in-depth article about foreign intel activity in Silicon Valley. Russians initially aimed at gathering information on local military installations, but as Silicon Valley transformed itself into a …

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Sistema’s Asian venture arm invests in Indian health product marketplace

September 15, 2018

Sistema Asia Capital, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema, and Cambodian investment holding company Tanncam, have invested for the second time in Indian healthcare startup Netmeds. As reported by Techiexperts, they have just participated (with undisclosed contribution) in a $35 million Series C round which also involved Daun Penh Cambodia Group …

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Crypto ticket to the future: Will Russian Railways run on blockchain?

August 27, 2018

For two years already, Blockchain technology has inspired corporate projects in a variety of industries in Russia – from banking, to capital markets, to universities, to cite just examples. Russian Railways (RZD) is also embracing the trend, with a blockchain-based digital trading platform already operating since last year and new projects under plans. The state monopoly is aiming to manage the repair …

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House-call doctor service DOC+ secures $9 million from Vostok New Ventures, Yandex and Baring Vostok

August 20, 2018

The Russian house-call doctor service DOC+ has secured $9 million in a round led by Swedish fund Vostok New Ventures VNV), with participation from existing shareholders Yandex and Baring Vostok Capital Partners. The deal, which took place in the second quarter of this year, according to the VNV’s latest financial report, was reported in details yesterday by …

House-call doctor service DOC+ secures $9 million from Vostok New Ventures, Yandex and Baring Vostok Read More

Chinese investors take full control of YotaDevices, the maker of Russia’s first international smartphone

October 15, 2018

Rostec, a major Russian tech corporation, has agreed to sell its 25.1% stake in mobile device maker YotaDevices to a consortium that includes Chinese companies Trinity World Management (TWM) and China Baoli.  [Update Oct. 15, 2018: The deal was cancelled following a decision from the Hong Kong exchange authorities, as reported by Kommersant.] The deal, …

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Rostec and Citadel to invest more than $60 million in IT security joint venture

July 26, 2018

State corporation Rostec and IT holding Citadel have announced an agreement to launch a joint venture which will create corporate IT products based on military developments in the field of information security. As reported by Russian business daily Kommersant earlier this month, the JV will mainly focus on cryptography, quantum calculations, machine learning, Big Data …

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Sberbank and Rambler & Co to create multifunction restaurant and food service platform

July 16, 2018

Sberbank, Russia’s national savings bank, Rambler & Co, a sizable Internet group, and tech businessmen Grigory Gurevich and Evgeny Malakhov are joining forces to create a multi function platform for the Russian restaurant and food delivery market. The news was reported earlier this month by the Russian business daily Vedomosti, which cited exchanges with several of …

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Sberbank customers can now transfer money using just a mobile number

July 15, 2018

Tinkoff Bank, a pioneer in P2P money transfers using a mobile number, has made available this service to Sberbank customers – expanding its potential audience to millions of customers of Russia’s leading savings bank. This service, which Tinkoff describes as being one of its most popular payment methods, will be made available to all Sberbank customers …

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