Corporate

Russian petrochemical major Sibur spearheads digital transformation

November 12, 2020

Russian petrochemical major Sibur told East-West Digital News it has developed a technology which allows high-precision modeling of physicochemical processes in petrochemical production. This technology is unique for Russia, says the company.  A pilot project was launched at Tomskneftekhim in Tomsk, Siberia, where a digital model of a high-pressure polyethylene reactor made it possible to significantly optimize …

Russian petrochemical major Sibur spearheads digital transformation Read More

Russian youth innovation festival develops solutions for agriculture, aviation and automotive industries

November 11, 2020

Robofest, one of the largest technology festivals for young people in the world, is being held these days in online format. Its participants have developed solutions which could be used soon in the automotive, agricultural and aviation industries. For example, a team of students from Don State Technical University has presented a robotic manipulator, which is considered …

Russian youth innovation festival develops solutions for agriculture, aviation and automotive industries Read More

Sber and Visa launch data lab with AI supercomputer

October 16, 2020

Sber, the Russian state-controlled financial and tech giant, is teaming up with Visa to launch “Russia’s first Data Lab.” The partners intend to “use anonymized data to track changes in customer behavior and design the most customized offerings for all users of card products by applying artificial intelligence and machine learning tools.”  “The move is aimed at …

Sber and Visa launch data lab with AI supercomputer Read More

Quarterly review: Battle of digital titans in Russia, Belarusian IT exodus, acquisitions in Ukraine

October 20, 2020

Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia and neighboring countries in Eastern Europe. Since last year, EWDN chief editor Adrien Henni has offered a regular column to highlight the most notable industry facts and trends as well as promising tech innovations from these countries. Covering the third quarter of …

Quarterly review: Battle of digital titans in Russia, Belarusian IT exodus, acquisitions in Ukraine Read More

Smart city solution developer to receive up to $3.4 million from major corporate funds

October 13, 2020

Alphaopen, a Moscow-based developer of IoT solutions for smart construction, will receive up to 260 million ruble ($3.4 million) from two major corporate funds: Orbita Capital, the venture arm of state corporation Rosatom, and Veb Ventures (formerly VEB Innovations), which is backed by state development agency VEB.RF (Vnesheconombank). The startup will receive a first tranche of 130 million rubles, the second …

Smart city solution developer to receive up to $3.4 million from major corporate funds Read More

US health and beauty online giant iHerb plans to invest $100 million in Russia

October 16, 2020

iHerb, one of the most successful international e-commerce companies in Russia, is planning to invest some $100 million in this country in the next two years.  These investments are aimed to “improve the Russian customer services, support and expand product export by Russian manufacturers, [develop] partnerships with Russian logistics companies, expand in-house technology development center operations, and build …

US health and beauty online giant iHerb plans to invest $100 million in Russia Read More

Russian retail giant X5 uses advanced speech technologies to automate call centers

October 2, 2020

X5 Retail Group, a leading Russian food retailer, is deploying a robotic telephone platform based on advanced speech technologies. Used to handle incoming calls and make outgoing calls without human intervention, the group’s new voice assistants simulate dialogue with customers and help resolve their issues.  “After the caller formulates a question, the bot uses complex machine learning algorithms and accumulated data to identify the …

Russian retail giant X5 uses advanced speech technologies to automate call centers Read More

Russia and Gulf countries intensify cooperation in high tech

September 29, 2020

A series of news in the past few days came to underline the intensifying relationship between Russia and Gulf countries in the fields of technologies and investment. Mubadala eyes Russian technologies Thus last week Sberbank, the state-controlled Russian financial and tech giant (now known as Sber), announced a “strategic agreement” with Mubadala Investment Company (Mubadala), an Abu Dhabi-based sovereign …

Russia and Gulf countries intensify cooperation in high tech Read More

From Moscow to Berlin, digital music startups attract top investors

September 28, 2020

As the global digital music market pursues solid growth, last week saw three deals involving companies from Russia or with Russian founders. Sberbank acquires Zvooq Just a day before touting its transformation into a tech “universe,” Sber announced the acquisition of Zvooq, one of the most established Russian music platforms. No details about the transaction were disclosed.  Founded in 2010 by UK …

From Moscow to Berlin, digital music startups attract top investors Read More

Mail.ru Group plans to raise $600 million on London Stock Exchange

October 7, 2020

According to an announcement by Mail.ru Group on the London Stock Exchange, the Internet company plans to raise $600 million: $200 million in global depositary receipts (GDRs) to raise capital and $400 million in convertible bonds. Mail.ru Group will use this money to develop and support the business and finance future transactions, especially in areas that have …

Mail.ru Group plans to raise $600 million on London Stock Exchange Read More

Sberbank unveils sweeping transformation into tech company

September 27, 2020

Sberbank, Russia’s state-controlled financial behemoth, is showcasing what it calls the biggest transformation in its history, as it unveils a suite of new technology products in an aggressive drive to get deeper into the tech sector. In a flashy presentation Thursday morning — echoing Apple’s famous annual product launches which attract millions of viewers and …

Sberbank unveils sweeping transformation into tech company Read More

Scroll to Top

This site is under maintenance. Sorry for the inconvenience.

This site is under maintenance. Sorry for the inconvenience.