Corporate

Tencent backs Russian game studio to re-create robotized Soviet atmosphere

February 5, 2021

Russian game publisher Mundfish has secured a Series B funding round led by Tencent. Two existing investors — Moscow-based GEM Capital  the investment vehicle of oil industry executive Anatoliy Paliy and Gaijin Entertainment’s founder Anton Yudintsev — also took part in the deal. The amount of the capital injection was not disclosed, but industry insiders told Russian business …

Tencent backs Russian game studio to re-create robotized Soviet atmosphere Read More

Russian telecom majors MegaFon and MTS invest in the startup space

August 30, 2021

MegaFon, a major Russian mobile operator and retailer, has increased its stake in video service Start to 50%, as reported by business daily Kommersant.  The move follows the acquisition of 33.8% of the company, announced in October 2020. The valuation of the startup — which was founded in 2017 — could reach or exceed 4 billion rubles (some …

Russian telecom majors MegaFon and MTS invest in the startup space Read More

Yandex invests in Russian DNA testing company

January 19, 2021

Last month, according to media reports, Russian DNA testing company Genotek raised $4 million in a funding round led by Yandex. No information was disclosed about the other investors or the terms of the deal, and Genotek did not answer EWDN’s media inquiries.  The company, founded in 2010, says it partners with “leadings Russian and European research institutes in the field of genetics and …

Yandex invests in Russian DNA testing company Read More

Sber and Skoltech aim to “set the standards for using AI in public healthcare”

January 8, 2021

Sber Group, the state-controlled financial and digital giant, and the Skolkovo Institute of Science and Technology (Skoltech) are teaming up to create “an ecosystem for the development of artificial intelligence in Russian healthcare.”  Operated by SberMed.AI, a company established this past summer, this ecosystem will “combine the solutions designed by Skoltech research teams with Sber’s cloud-based engineering infrastructure.”  Aiming to “set the standards …

Sber and Skoltech aim to “set the standards for using AI in public healthcare” Read More

Oleg Dubnov of Skolkovo Energy Cluster: “Green is not contradictory to business — and technology is key to this”

December 24, 2020

After holding top positions across the Russian energy industry for more than a decade, Oleg Dubnov has been heading Skolkovo’s energy cluster since 2017. He shared with East-West Digital News fresh insights about the emergence of green technologies in Russia, the related industrial challenges and the international potential of Russian startups in this field. So …

Oleg Dubnov of Skolkovo Energy Cluster: “Green is not contradictory to business — and technology is key to this” Read More

Sber’s international accelerator launches third batch with support from 500 Startups

December 23, 2020

Sber, Russia’s state-controlled financial and tech giant, and its US partner 500 Startups announce the third batch of Sber500, their joint startup acceleration program. The closing date for entries is January 10, 2021.  This batch is touted as a “powerful response to the current challenges and conditions that startups faced in 2020.”  The program will …

Sber’s international accelerator launches third batch with support from 500 Startups Read More

Russian dating major Mamba invests $3 million to develop in Germany, Italy

December 21, 2020

Russian online dating leader Mamba is investing some $3 million to develop its business in Germany and Italy, reported Kommersant, citing exchanges with company representatives. The company expects the average monthly revenue per user in these countries to be almost twice as high as in Russia, where it stands around 500 rubles ($6.7 at the …

Russian dating major Mamba invests $3 million to develop in Germany, Italy Read More

Russia’s Cleverbots launches AI solution marketplace and secures $1 million from agroindustrial group

December 8, 2020

Cleverbots, a Russian integrator of AI-powered enterprise solutions, has raised $1 million from the agroindustrial group AST. No details of the transaction were disclosed.  The fresh funding will allow Cleverbots to hire new employees, support marketing and scale the business both domestically and abroad. AST’s existing offices in Switzerland and the United Arab Emirates, may be used as launchpads for …

Russia’s Cleverbots launches AI solution marketplace and secures $1 million from agroindustrial group Read More

Sber to launch international AI research institute in Russia

November 5, 2021

Last week Sber, Russia’s financial and tech giant (previously known as Sberbank) announced plans to open an international institute for artificial intelligence in Russia as early January 2021.  Sber’s head Herman Gref defined the main mission of the institute as “to provide an interdisciplinary approach to research” in the field of AI.   At the …

Sber to launch international AI research institute in Russia Read More

Sber invests in AI-powered brand reputation management

November 30, 2020

Sber, the state-controlled financial and tech giant (previously known as Sberbank) has acquired a 8% stake in Watchout!AI  in exchange for a acquired 8%. The startup was valued at 125 million rubles, or $1.6 million at the current exchange rate. Founded in 2019, Watchout!AI uses computer vision and machine learning algorithms to “easily detect and prevent brand …

Sber invests in AI-powered brand reputation management Read More

Sber AI

Sber upgrades ranking of Russian neural networks

November 30, 2020

Sber has presented its leaderboard called Russian SuperGLUE (General Language Understanding Evaluation), the first ranking of neural networks for the Russian language. A neural network’s ranking position depends on how well it deals with tasks in logic, commonsense, reasoning, and general language understanding. Designed by the SberAI team with Huawei and the Higher School of Economics, the …

Sber upgrades ranking of Russian neural networks Read More

Anton Mironenkov, Head of X5 Technologies: “In this pandemic, digital transformation is proving essential”

November 26, 2020

Over the last years, X5 Retail Group, a leading Russian food retailer listed on the London and Moscow stock exchanges, has undertaken a process of deep digital transformation from procurement automation, to facial recognition, to video analytics. As Head of X5 Technologies, Anton Mironenkov, leads a team of some 2,500 professionals. In this interview with …

Anton Mironenkov, Head of X5 Technologies: “In this pandemic, digital transformation is proving essential” Read More

Scroll to Top

This site is under maintenance. Sorry for the inconvenience.

This site is under maintenance. Sorry for the inconvenience.