Starting April 1, 2021, tech device manufacturers will be required to pre-install Russian-made, government-approved applications and software onto new devices sold on Russian soil. Dubbed “anti-Apple law,” this legislation was adopted in late 2019 as part of the Putin administration’s “sovereign Internet” strategy. While the law did not specify what devices new electronic devices are …
The founders of GetMobit, a Russian startup that has developed a multi-purpose docking station, intend to invest nearly $6 million to develop their business. The GetMobit device, dubbed ‘GM-Box,’ is designed as an all-in-one substitute to such standard office devices as telephones, computers, web camera, sound devices, and other gadgets. Company employees using it are …
Russian startup invests $6 million to “merge phones with computers” in corporate offices Read More
Tech-friendly Russian digital lending giant Tinkoff Bank has developed one of Russia’s most powerful super computers. Named after the eminent Russian mathematician Andrey Kolmogorov, the machine has been ranked 8th in the Top 50 supercomputers in Russia – at the highest place among participating businesses. It boasts the highest per-node performance in Russia (41.9 TFlop per second), according to the ranking. As explained by …
Supercomputer helps Russian digital lender solve AI tasks “hundreds of times faster” Read More
Less than two months after the arrest of Baring Vostok founder Michael Calvey and just days after that of former minister and investor Mikhail Abyzov, another high-profile Russian businessman with a relation to the tech business was sent to jail on March 26 in pre-trial detention. (In what looks like an epidemics, several other high profile businessmen …
Yet another arrest in Moscow: supercomputer company founder faces 10-year sentence Read More
The Internet Initiatives Development Fund (IIDF, or FRII in Russian, Russia’s leading startup fund) has teamed up with the Russian-Belarusian Investment Fund (RBF Ventures) to provide 263 million rubles (roughly $4 million) in fresh funding to Russian startup Multikubik. The news was reported in late December by business daily Kommersant based on an exchange with a Multikubik representative. Also participating …
Cinemood raises $4 million from Russian and Belarusian investors Read More
Ruselectronics, a major Russian group, has designed an unkillable laptop for use in extreme conditions. Made of heavy duty aluminium alloy, its sealed case can “resist to such external factors as vibration, shocks, moisture, and extreme temperatures from -20 to +55°С,” according to the company. Dubbed EC1866, this device has an impressive thickness (8 cm). …
New Russian-designed laptop resists shocks, moisture and extreme temperatures Read More
Grishin Robotics, an international venture capital fund with Russian roots, has led a $14 million round of financing for Wonder, a Los Angeles-based startup which is developing an “all-in-one and one-for-all-gamers” product with a focus on virtual reality (VR) features. The startup makes much ado about what it says will be a “new type of …
Grishin Robotics teams up with Shakira and Gérard Piqué to back enigmatic US startup Read More
As the Russian currency lost nearly a half of its value against the US dollar since 2014, it is now cheaper to produce tablets, smartphones and other hi-tech devices in Russia than in China. Developers are also attracted by convenient logistics and a skilled workforce. As a result, a number of Russian gadget developers are beginning …
Russian electronic device makers return home from China Read More
In yet another illustration of the globalization of the venture market, Ruvento, a investment company managed by a Russian team, has announced the creation of a new vehicle to invest in hardware projects in the USA and Asia. The $25 million new fund will be managed by Vyacheslav (Slava) Solonitsyn and Alex Toh, who are respectively Managing …
Ruvento launches $25 million seed fund to invest in hardware across Asia and USA Read More
Scientists at MISiS, a top Russian tech university based in Moscow, have developed a technology to slash the production cost of smartphone displays, the MISiS website announced. Obtained through chemical processes from high-purity aluminum oxide, artificial sapphires (monocrystalline corundum) today play an essential role in the production of smartphone displays. They are a key component of LEDs and protective glass …
Russian researchers promise to slash cost of smartphone display manufacturing Read More
CommIT Capital, the venture arm of national telecom operator Rostelecom, has invested some 130 million rubles (a little more than $2 million at the current exchange rate) in the RDP.RU group in exchange for a 15% stake. RDP.RU is a major Russian developer of network solutions for telecoms operators and corporate clients. Rostelecom, among other clients, uses RDP’s products, including …
Rostelecom invests $2 million in network solutions developer RDP.RU Read More
This summer Social Discovery Ventures (SD Ventures), an international technology and investment group with Russian roots, invested an undisclosed amount in Latvian drone company AirDog. The group also is also creating a new co-working space in Riga, which is scheduled for launch in September. In an interview with EU-Startups, SD Ventures founder Dmitry Volkov, a Russian-American serial entrepreneur, explained his interest …
SD Ventures invests in Latvian drone company, opens co-working space in Riga Read More
