Digital services & Apps

Altair VC teams up with international investors to back Indian healthcare startup

November 15, 2017

Just days after Russia’s Sistema Asia Fund invested in the Indian healthcare startup Netmeds, Altair VC, a fund with Russian roots operating internationally, participated in a $5 million round for another Indian healthtech startup, DocTalk. The deal was reported last week by the Times of India. Led by two California-based funds — Matrix Partners and Khosla …

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Why startups from Eastern Europe are so strong in face recognition and augmented reality

January 9, 2018

Russian-speaking engineers seem to have some special skills, or secret sauce, to develop face recognition and related AR technologies, if judging by the number of startups with roots in Eastern Europe that have made the news over the past few years. Emerging from Russia, Belarus and Ukraine in particular, they have topped international contests, received …

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Robomed aims to connect healthcare service providers and patients through smart contracts

November 10, 2017

Robomed, an international startup with Russian roots which aims to develop a smart contract platform in the field of medical services, claims to have raised $2.5 million in just 24 hours in a closed token pre-sale in late October. The news was reported by Firrma.ru based on exchanges with Robomed CEO Filipp Mironovich. One of the key …

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Russian and Cambodian investors team up to back Indian healthcare startup

November 14, 2017

Sistema Asia Fund, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema, and Cambodian investment holding company Tanncam have injected $14 million in the Indian healthcare startup Netmeds. Among the earlier investors in the startup are investment bank MAPE and OrbiMed Asia, along with Pradeep Dadha and his family. Sistema Asia Fund targets …

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Russian investors back French online freight service Convargo

November 1, 2017

Last week French startup Convargo announced that it raised a $19 million Series A round from an international pool of venture funds and business angels. Among these investors are Inventure Partners, a major Moscow-based fund, and Oskar Hartmann, a German tech entrepreneur who founded several successful Russian startups. Just months ago Inventure Partners invested $3 million in a …

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Twitter bans RT and Sputnik from advertising, RT denies any illegitimate activity

October 27, 2017

Twitter is banning advertising from all accounts owned by RT (Russia Today) and Sputnik effective immediately, after US investigators concluded the Russian media companies attempted to interfere in the 2016 presidential election, reports Bloomberg. This is one of the biggest changes made yet by social media companies who have been called to respond to the US government’s concerns. …

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Telegram challenges Russian court decision over ‘Big Brother law’

October 26, 2017

The instant messenger Telegram has formally challenged a fine imposed for refusing to obey orders from the Russian Federal Security Service (FSB) to surrender the encryption keys it uses to protect its users’ communications. Telegram was fined by a Moscow district court on October 16. After the ruling takes effect, Roskomnadzor, the Russian telecom and Internet regulator, will have legal grounds to block …

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Russian and US funds team up to support Armenian food delivery startup

October 20, 2017

SOLventures, a Russian venture fund focusing on IT and e-commerce projects, has just taken part in a $3 million round of funding for Armenian food delivery startup Menu Group. The round also involved such US-based funds as Perea Capital and Hayastan 1. Menu Group, which touts itself as “the leader of the restaurant food delivery …

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Report: China, India and Russia among the top 36 countries for marketplace expansion in 2018

October 13, 2017

Earlier this month Hyperwallet, a US-based payment solution provider, released its 2018 Marketplace Expansion Index. Intended for “gig economy” startups, ecommerce marketplaces and social selling companies, this report aims to identify the countries offering the most favorable conditions for marketplace expansion. No fewer than 209 countries were compared across 10 key indicators like infrastructure, e-commerce activity, foreign …

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Russia’s Medme invests in Italian connected healthcare startup

October 11, 2017

Torino-based startup Biotechware has just secured €2 million euros from MEDME Group, a Russian digital health investor targeting Western Europe. Biotechware develops hardware and software solutions to collect and transfer clinical information coming from different sources without altering the information. One of these solutions has been designed to collect and process remotely electrocardiographic (ECG) monitoring …

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Kremlin to use Telegram channels for own benefit

October 11, 2017

The presidential administration plans to use encrypted and anonymous Telegram channels to collect and monitor voter sentiment in the Russian regions, RBC daily reported on October 10 citing the draft of the project developed by a third-party contractor. Kremlin would turn Telegram from foe to friend, as previously the privacy-minded brainchild of exiled Russian tech …

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Yandex’s launches AI assistant with “near-human levels of speech recognition accuracy”

October 11, 2017

Defining itself as “a technology company that builds intelligent products and services powered by machine learning,” Yandex has announced the launch of a conversational intelligent assistant that is “not restricted to a set of predefined scenarios.” Dubbed ‘Alice,’ this new AI assistant integrates the ability to “carry free-flowing ‘chit-chat’ conversations with users that can surprise …

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