Big Data

Sberbank and Sistema team up to create adtech leader and monetize Big Data at an unknown scale

December 27, 2016 December 27, 2016

Russia’s national savings bank Sberbank has announced a “strategic agreement” with Sistema, a major Russian conglomerate, and Sistema_VC, the venture arm of Sistema, in the fields of advertising technology and Big Data monetization. Under the agreement, Sistema_VC is to acquire a 50% stake in Sberbank’s subsidiary Segmento for an undisclosed amount. Sistema_VC will also provide Segmento with expertise and …

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Tech hires see Russia’s Sberbank catching up on Big Data

December 15, 2016 December 15, 2016

Russia’s biggest bank is paying up to keep the nation’s best tech talent from emigrating to Silicon Valley. To analyze 135 million customers, it needs the power of big data. Sberbank PJSC, which holds 46% of Russian retail deposits, says it’s luring experts in the field with some of the highest salaries at the state-owned …

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Russia considers creating a “national Big Data operator”

July 18, 2016 April 6, 2017

Less than one year after the introduction of new restrictions on personal data collection, use and storage, and in parallel to recently adopted ‘anti-terrorist’ measures, Russian officials are considering yet additional moves to tighten state control over users’ digital data. Speaking last month at the Saint Petersburg International Economic Forum, Alexander Zharov, who heads Russia’s telecom and …

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IIDF launches Big Data investment program

November 25, 2015 December 26, 2018

The Internet Initiatives Development Fund (IIDF, or FRII in Russian), Russia’s largest seed and early stage venture fund, intends to invest 500 million rubles (approximately $7.7 million at the current exchange rate) in Big Data projects. FRII will support a few dozen projects, taking into account the needs of large Russian corporations, Russian business daily Vedomosti reported yesterday, …

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Maxfield Capital invests in “magic” Californian farming data platform

July 13, 2015 November 12, 2020

Maxfield Capital, a venture fund operating globally from its offices in Moscow, New York City and Tel Aviv, has invested “up to $500,000” in OnFarm. This Fresno, California-based startup defines itself as an “Internet-of-Things platform that enables a comprehensive array of leading farm hardware technologies into a single grower-friendly management and decision platform.” Thus the startup …

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