Corporate

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

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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Mail.ru Group rebrands to ‘VK’

October 15, 2021

On Tuesday Mail.ru Group, the LSE-listed Russian Internet major, announced its rebranding to ‘VK,’ uniting most of its online activities around the abbreviated name of its social media flagship Vkontakte.  “While market analysts and professionals know us as Mail.ru Group, the connection between our projects was not always obvious to users,” explains the group, and …

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Report: Russian venture market hit $1 billion mark in H1 2021

December 31, 2021

Dsight, a Moscow based business intelligence company with a focus on investment, has just released the English version of its Russian venture report covering the first half of 2021.  In contrast with last year’s disappointing numbers, the market showed signs of renewed growth earlier this year, with total deal value exceeding $1 billion for the first semester. This is an …

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Skoltech and IBM researchers create energy-efficient optical switch for next-gen computers

September 25, 2021

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 …

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Russian mobile operator MTS to invest $100 million in AI startups across the world

October 11, 2021

MTS AI, the artificial intelligence arm of Russian telco MTS, is launching an international acceleration program and venture fund to invest in AI startups across the world. Dubbed ‘Intema,’ the platform plans to invest some $100 million in startups from late seed up to Series B. The investments focus on language, image and behavior analytics, edge computing and logistics, Alexey Posternak, CFO …

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Sber considers listing digital subsidiaries in a few years

September 6, 2021

Sber, the state-controlled financial and digital giant, considers having some of its digital subsidiaries listed, stated Sber President Herman Gref last week on the sidelines of the Eastern Economic Forum, reiterating previous statements.  The placement, however, would not take place before 2023, news agency Interfax reported Gref as saying.  Sber’s digital ecosystem includes a myriad of companies in the …

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Sber plans to register digital asset issuance platform in September

September 6, 2021

Sber, Russia’s state-controlled financial and digital giant, continues progressing with the development of its blockchain-based platform for issuing digital assets. Anatoly Popov, deputy chairman of the executive board at Sber, said his organization is planning to have registered its digital asset issuance platform with the Bank of Russia — the country’s central bank — by …

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MegaFon exits AliExpress Russia, Mail.Ru injects $60 million to support company expansion

August 20, 2021

AfterOzon, Sber, Yandex and Auchan, a new big capital injection was announced earlier this week in the Russia e-commerce space. AliExpress Russia, the cross-border e-commerce leader and a major player on the domestic market, will receive $60 million from Mail.ru Group, one of its shareholders. The fresh funding will support AliExpress Russia’s “ongoing active expansion …

MegaFon exits AliExpress Russia, Mail.Ru injects $60 million to support company expansion Read More

Sber and Yandex invest piles of rubles in digital services and e-commerce

August 4, 2021

In the first half of this year Sber, the state-controlled financial and digital giant (previously known as Sberbank), invested some 73 billion rubles (around $1 billion) in its digital ecosystem, a company representative told business daily Vedomosti. These investments account for 11.5% of Sber’s net profit for H1 2021 (630 billion rubles).  Sber’s investments in this field are accelerating dramatically: …

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Russian mobile major MTS acquires blockchain trade finance platform

August 3, 2021

MTS, a leading mobile operator and provider of digital services and content, has acquired a 51% stake in blockchain-based trade finance platform Factorin.  The two year-old company touts itself as “the biggest factoring platform in Russia andone of the leading B2B blockchain systems for trade finance in the world.”  Founded by Andrei Maklin with support from venture builder Digital Horizon — …

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Russian-founded graphene nanotube leader valued at $2 billion, inks investment agreement with Daikin

August 4, 2021

OCSiAl, the Russian-founded global graphene nanotube leader, has inked an investment and business cooperation agreement with Japanese giant Daikin Industries. The companies disclosed  OCSiAl’s valuation (“about $2 billion”) but not the terms of the share subscription deal.  Pronounced ‘Oxial,’ OCSiAl refers to four chemical elements: oxygen (O), carbon (C), silicon (Si) and aluminum (Al). Touted as the …

Russian-founded graphene nanotube leader valued at $2 billion, inks investment agreement with Daikin Read More

M.Video uses high tech to automate CRM, raise service level and track employee attendance

June 29, 2021

M.Video, a part of the M.Video–Eldorado consumer electronics retail group, now processes nearly half of customer calls via a virtual assistant called ‘Alyona.’  “Voice processing technologies have enabled [us] to reduce the workload of [our] contact center staff, reduce response times and increase customer satisfaction and loyalty,” the company says.  The AI-based robotic customer support system …

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