Internet of Things

Russian IoT startup receives $5.4 million in state money to develop in Western markets

February 24, 2022

Mircod, a Russian “IoT-as-a-service” company, has just received  400 million rubles ($5.4 million) from state-owned development corporation VEB.RF via its affiliate fund VEB Ventures, reports business daily Kommersant.  Established in 2016 in Tatarstan, a tech friendly region of Russia, Mircod enables rapid prototyping of IoT products and solutions. It has developed a “centralized platform to automate the development of IoT …

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Russia and WEF to launch ‘Centre for the Fourth Industrial Revolution’ in Moscow

October 18, 2021

Last week the Russian government and the World Economic Forum announced Russia is joining the WEF’s Centre for the Fourth Industrial Revolution (CFIR) Network. The agreement was inked in Moscow by WEF President Børge Brende and Russian Deputy Prime Minister Dmitry Chernyshenko.  CFIR Russia will be hosted by Digital Economy, a Moscow-based non-profit created by national technology leaders to facilitate …

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Russian truck giant Kamaz aims to scout startups across the world

January 25, 2021

Kamaz, the Russian truck giant (part of the state-owned Rostec corporation), and Pulsar VC, an established Russian venture firm, announce an international startup scouting partnership focusing on mobility and IoT. The companies said they will “jointly search for new markets in the transport sector and attract investment in start-ups.” They may also consider “creating a …

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VEB Ventures invests 1 billion rubles in Zyfra to accelerate Russia’s industrial digitization

January 6, 2021

In late December VEB Ventures (formerly VEB Innovations), a venture fund backed by state development agency VEB.RF (Vnesheconombank), announced an investment of 990 million rubles ($13.4 million at the current exchange rate) in Zyfra. This Russian company develops AI, IIoT-based solutions and robotic mining equipment to digitize the heavy industry. These solutions are intended to provide “objective data analysis” for industrial companies …

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Rostec, Russian Railways committed to create $100 million venture fund to support IT, IoT projects

July 10, 2019

Russian state defense conglomerate Rostec and Russian Railways have pledged to create a joint R&D center for LPWAN XNB wireless network devices as well as Internet-of-Things (IoT) technologies to be used on transport. To support such activities, the parties are going to launch a $100 million venture fund, Russian industry resource CNews.ru reported. Last month as part of …

Rostec, Russian Railways committed to create $100 million venture fund to support IT, IoT projects Read More

Russian billionaire, defense conglomerate and satellite navigation operator team up to create nationwide IoT network

April 25, 2019

GLONASS-TM, a company launched in early 2018, intends to deploy an Internet-of-Things network across Russia as part as a “government assignment.” The network will be used to monitor, collect and analyze data in a variety of fields. It will help “control the state of the country’s transportation infrastructure, security systems, meteorological and ecological monitoring and …

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How a Soviet-born engineer decided to create “the Android of IoT”

December 28, 2017

Rightech, a Moscow-based startup, is working on developing a platform for Internet of Things, which it hopes will become some kind of “Android of IoT”. Currently, Rightech provides IoT services, such as data storage, processing and transfer, as part of its IoT Cloud. This platform allows programmers to develop and modify IoT applications without even …

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Russian startup raises $3.3 million to reduce side effects of drugs

November 21, 2017

Last week the Internet Initiatives Development Fund (IIDF, or FRII in Russian), Russia’s biggest fund for early-stage startups, announced its intention to invest 195 million rubles in Personal Medication & Health Management (PM&HM). In exchange for this capital injection (the equivalent of $3.3 million at the current exchange rate), the fund will receive a 35% …

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Russian 3D printer builds houses in 24 hours, attracts $6 million for international expansion

September 26, 2017

Last week Rusnano Sistema Sicar, a Russian private equity fund, announced that it will invest $6 million in Apis Cor, a startup originated from Siberia which has designed a 3D printing technology for the construction industry. The Apis Cor 3D printer is a mobile robot is a mobile robot capable of constructing buildings using fine-grained fibre concrete with special additives. It can build …

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IIDF teams up with major technical university create IoT association in Russia

December 26, 2018

The Internet Initiatives Development Fund (IIDF, or FRII in Russian) has teamed up with the Bauman Moscow State Technical University to create an Internet-of-Things (IoT) association in Russia. The association will be headed by Andrey Kolesnikov, who previoulsy managed the National Domain Name Coordination Center. The association intends to define a “roadmap” for the development of IoT in …

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IIDF teams up with mobile operators to create IoT consortium

December 26, 2018

The Internet Initiatives Development Fund (IIDF, or FRII in Russian) has teamed up with high tech company GS Group and mobile operators Megafon, MTS and VimpelCom (Beeline) to create an Internet-of-Things (IoT) consortium in Russia. Tele2, another major mobile operator, expressed interest in potentially joining the consortium in a further stage, Russian news agency TASS reported. The …

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Moscow conference to showcase latest IoT devices and discuss industry prospects (Sept. 29)

June 23, 2016

On September 29, Moscow will play host to the third edition of the annual international Internet of Things Conference, Expo and Meetup, in partnership with East-West Digital News. The one-day event will bring together developers, entrepreneurs and investors who will be able to meet key industry players and experts. The event will cover a variety of fields …

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