Cubic Robotics, a Russian startup developing robots that can communicate with their owners, has raised $500,000 in its second round of funding from a private investor, the Russian news agency RIA Novosti reported last week. The financial injection came from Konstantin Senchenko, a Russian businessman who earlier helped the startup with $100,000 in seed capital. …
While startup incubators and accelerators have been springing up like mushrooms in Russia over the past few years, this one deserves particular attention. It is the first such structure in the country completely dedicated to hardware projects – from consumer robotics to 3D-printing to smart electronics for “smart home” systems and wearables. The accelerator, christened …
Russia’s first hardware startup accelerator launches in Kazan Read More
Yestarday Boombotix, a San Francisco-based startup developing audio hardware and software, announced a $4 million strategic investment from existing and new investors. Among them is Grishin Robotics, a venture fund launched in 2012 by Mail.ru Group’s CEO Dmitry Grishin. The US startup claims to be “developing the highest-quality audio hardware and software products.” The investment will enable it …
Grishin Robotics invests in Californian startup to “create a fresh approach to music.” Read More
Petnet, a Los Angeles based connected pet device company, has secured $1.125 million in a seed-stage round from Grishin Robotics, Kima Ventures, SparkLabs Global Ventures, and Launch Capital. The funding will be used to commercialize Petnet’s first product – The Petnet Smartfeeder – an intelligent pet feeder scheduled to ship to customers in mid-2014. Today’s …
Russian fund helps US startup “spark modernization of the global pet industry” Read More
Displair, an award-winning startup based in Astrakhan, Russia, is preparing itself for bankruptcy, said founder Maxim Kamanin in a voice message to the project’s team that the Russian tech publication Siliconrus.com leaked a few days ago. The company, which not long ago was considered one of the best Russian startups, became well known as the …
Displair on the verge of bankruptcy; seeks “new strategy” Read More
At the inaugural TechCrunch Hardware Battlefield in Las Vegas earlier this month, LiveMap, a Russian start-up, presented a navigation helmet for motorcyclists, called Motohelmet. According LiveMap CEO Andrei Artishchev, the helmet allows the user to see the information on the navigation display without taking one’s eye off the road. The designers of Motohelmet were inspired by …
The Russian government is considering RFID tagging all labels on clothing and footwear fabricated and sold throughout Customs Union member-states (Russia, Belarus and Kazakhstan), reported the Russian daily Izvestia in late December. Officials believe this is the only remedy for an ongoing plague of counterfeiting. The government estimates that more than $30 billion worth of …
Russian government considers systematic RFID tagging for clothing and footwear Read More
In late December the Zelenograd microelectronics cluster, part of a major innovation and industrial center just outside Moscow, signed a memo of intent with a counterpart in Grenoble, France. The partners are pursuing a dual goal of upgrading sector-related education standards in the Russian region and intensifying interaction in industry-oriented R&D. The Moscow city administration …
Russian and French clusters to pool efforts in microelectronics Read More
By 2020, Roselectronica, Russia’s umbrella company for national radio electronic assets, is planning to invest more than $6.7 billion in innovation and modernization, the Roselectronica press service announced last week About $2.8 billion, or 41% of the overall funds allocated, will go towards the diversification of companies in the holding and their entry into high-tech …
Russia’s largest radio electronic holding unveils $6.7 billion modernization program Read More
RSC Group, a leading four-year-old developer and integrator of high performance computing (HPC) solutions in the former Soviet Union, announced last week that it has set a new world record of computing density of 1 petaFLOPS per server rack – five times greater than the company’s prior record of 211 teraFLOPS per rack set earlier …
Earlier this week Rusnano, Russia’s nanotech giant with strong vested interests in overseas tech projects, bought into Compass-EOS, an Israeli start-up shipping a silicon photonics-based router. Joining a large international investor consortium in Compass-EOS’ overall $42 million funding round, Rusnano contributed up $10 million, of which $3 million is expected to finance the setup of …
Rusnano ponies up $10 million to bring home sophisticated Israeli router technology Read More
Scientists from St. Petersburg and Silicon Valley are collaborating to grow super-thin nanodiamond film that could be used in new generation electronics, the Vesti TV website reported. The research is being conducted on the premises of St. Petersburg State Electrical Engineering University (LETI), which presents itself as “the oldest electrotechnical university in Europe.” Based on …
