Digital data

Personal data storage on Russian servers will be mandatory starting from September 2015

February 27, 2017

Last week, the lower house of the Russian parliament adopted amendments making personal data storage on domestic servers mandatory as early as September 2015 – instead of September 2016 as previously foreseen by legislation adopted this past summer. In October, Russian lawmakers had considered an even earlier deadline (January 1, 2015). However, the period allowed for compliance …

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New EWDN study: Cross-border sales still growing fast, Chinese players invading the market

March 1, 2016

In spite of the international turmoil, the Russian e-commerce market is still growing with cross-border sales to Russia jumping to $5 billion this year, up from $3 billion last year. However, while e-commerce flows from China is reaching new heights, the present troubled times have brought new difficulties – but also left many  opportunities – …

New EWDN study: Cross-border sales still growing fast, Chinese players invading the market Read More

US company with Russian brains and Russian money unveils “breakthrough” in microprocessor performance

November 10, 2014

In late October, Soft Machines Inc., a Silicon Valley-based semiconductor startup company with an important R&D center in Russia, unveiled the Soft Machines VISC architecture – a “breakthrough” in microprocessor performance-per-watt scaling that will “significantly improve performance and power for all segments of the computing ecosystem,” according to the company. “We’ve been quietly building the …

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Maxfield Capital leads $5 million round in Boston-based cloud data storage startup

October 29, 2014

Maxfield Capital, a venture fund operating globally from its offices in Moscow, New York City and Tel Aviv, has led a funding round of “more than $5 million” in nCrypted Cloud, a Boston-based online security service for cloud data storage. A pool of business angels from companies including Microsoft, Cisco, Reveal Imaging and Broadcom has also …

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Lawmakers drop Jan. 1 deadline for mandatory personal data storage on Russian servers

February 15, 2017

Last month, the lower house of the Russian parliament discussed new amendments to make personal data storage on domestic servers mandatory as early as January 2015 – instead of 2016 as previously foreseen by new legislation adopted this past summer. Those amendments were adopted in their first and second readings. The period allowed for compliance …

Lawmakers drop Jan. 1 deadline for mandatory personal data storage on Russian servers Read More

Russians still actively invest in Ukrainian startups; Western VCs eye the market, too

October 8, 2014

Amid political turmoil, Russian investors have been involved in four of the five largest investment deals on the Ukrainian startup scene since early 2014. This trend was revealed by an analysis provided by Yevgen Sysoyev of AVentures Capital, a Kiev based international fund. A $3 million deal involving Gillbus, a bus-ticket software developer, took place in June. Investors included Russian …

Russians still actively invest in Ukrainian startups; Western VCs eye the market, too Read More

Telecom regulator Roskomnadzor wants Google, Facebook and Twitter to register

October 1, 2014

The Russian Federal Service for Supervision in the Sphere of Telecom, Information Technologies and Mass Communications (Roskomnadzor) has informed Facebook, Gmail and Twitter that they must register in Russia as “organizers of distribution of information,” according to Russian legislation. “We informed them and one way or another we will force them to follow the law,” …

Telecom regulator Roskomnadzor wants Google, Facebook and Twitter to register Read More

VKontakte doomed, says former top engineer

August 8, 2014

Mikhail Petrov, former chief engineer for Vkontakte (VK.com), has written a post about what has been going on in Russia’s leading social network since the departure of its founder Pavel Durov. He stated that Russian intelligence agencies and cellular operators now have full access to users’ personal data. According to Petrov, however, it is not …

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VKontakte co-founder Vyacheslav Mirilashvili launches new venture fund in Israel

August 6, 2014

VKontakte co-founder Vyacheslav Mirilashvili and his partner at MNS Consulting Nir Grinberg have opened Yesodot Private Equity, a new venture fund in Israel. The Yesodot Private Equity fund aims to develope energy storage and infrastructure projects. Grinberg is in charge of search into potential venture capital recipients, while Mirilashvili’s task is to attract new investors. Mirilashvili has …

VKontakte co-founder Vyacheslav Mirilashvili launches new venture fund in Israel Read More

SafeData invests in CDN operator Ngenix

July 22, 2014

The Center for Network Interaction Technologies (TsTVS in Russian) has invested in the content delivery network (CDN) operator Ngenix and received a blocking stake in it, reported last week IKS Media, an online publication covering the Russian IT and telecom market. TsTVS  is owned by data center operator SafeData and prominent Russian businessman Dmitry Shumkov. …

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New personal data storage rules to affect both foreign and domestic players – but still no “Chinese wall” surrounding Russia

March 5, 2019

Some foreign players panicked last week when they learned about the new rules adopted by the Russian parliament regarding the collection and storage of personal data – which will be allowed only on Russian territory starting from Sept. 2016. Concerns were fuelled by inflated media reports, including a Google Translate-based article that appeared on an …

New personal data storage rules to affect both foreign and domestic players – but still no “Chinese wall” surrounding Russia Read More

Vkontakte cofounders building technopark in St. Petersburg

June 13, 2014

Seleсtel, a data center company owned by Vkontakte cofounders Lev Leviev and Mikhail Mirilashvili, is investing about 1 billion rubles (about $29 million) in the first stage of a technopark in the Moskovsky district of St. Petersburg. It will house IT startups that Selectel is involved in. The technopark will include office space, a warehouse …

Vkontakte cofounders building technopark in St. Petersburg Read More

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