Under the five-year contract, US Lighting Group, a major producer of LED bulbs, gains the exclusive rights (for $600,000) to sell Promobot’s friendly, talking promotional robots in the U.S., and has put down an advance order for more than 2,000 robots, worth $56 million. “This is one of the biggest deals in the history of …
Russian robot maker strikes giant deal with US company Read More
Yesterday the Russian search giant announced the launch of a new smart speaker, Google Home style. Dubbed Yandex.Station, the device “not only our first hardware product, but also the first smart speaker [made] for the Russian market,” Yandex stated. Yandex.Station includes such basic functions as creating alarms and playing music hands-free, but also “incorporates a full video streaming experience,” according …
Last week Sberbank, Russia’s national savings bank, announced the launch of a three-month “intelligent robotics acceleration program” in partnership with the Internet Initiatives Development Fund (IIDF, or FRII in Russian), Russia’s biggest fund for early-stage startups. The selected startups will benefit from Sberbank’s infrastructure and resources, including its client base, as well as from the …
Sberbank launches intelligent robotics acceleration program for local startups Read More
AgroDroneGroup, a Russian startup that uses drones and computer software to closely monitor the condition of soil and crops, has raised 25 million rubles (some $440,000) in investment from the Russian-Belarusian Venture Investment Fund (RBF Ventures). The news was reported in late March by the Skolkovo Foundation, which cited Firrma. The deal, in which the …
Russian-Belarusian fund invests in precision farming startup Read More
ExoAtlet, a Russian maker of rehabilitation exoskeletons to help disabled people walk again, has raised $5 million from Korean Cosmo & Company. The funding is coming in addition to a previous round last year from the same investor. In 2016 ExoAtlet obtained official certification to sell its exoskeletons in South Korea. A local subsidiary, ExoAtlet Asia, was …
Grishin Robotics, an international venture fund with Russian roots, was among the investors in Ring, a global manufacturer of home security products which has just been acquired by Amazon at a $1 billion valuation. The Ring devices, which provide “smart security at every corner,” can integrate with Amazon’s voice-controlled assistant Alexa — and there’s a potential …
“Next years promise to be no less interesting,” says Grishin after Ring’s $1 billion deal Read More
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 …
How a Soviet-born engineer decided to create “the Android of IoT” Read More
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% …
Russian startup raises $3.3 million to reduce side effects of drugs Read More
Russian startup Stafory announced Wednesday that it has won the Unleash (HR Tech World) startup competition held in Amsterdam for its recruiting robot called ‘Vera‘ (‘faith’ in Russian). The startup was awarded with €10,000. Vera goes along the recruitment chain, from search and selection of potential employees across the largest recruitment sites, to calls and invitation of suitable applicants, …
In late September Russian Miner Coin (RMC) raised the equivalent of $43 million through an ICO to create a “next-gen ecosystem for miners and investors,” challenging China in this field. This impressive amount set a new record in the Eastern European ICO scene; however, it is well below the company’s initial $100 million target. Asked about the consequences …
Russian Miner Coin raises $43 million in ICO to challenge China in bitcoin mining Read More
A smartwatch can be a fashion accessory, a virtual fitness coach, and apparently a brother-in-arms. During the Zapad-2017 military drills, Russian military police used new smartwatches for guarding army vehicles and hardware. They were first adopted by Russia’s Ministry of Defense in 2015 and are now being handed out to regular troops. For protection of …
The Russian Army’s new smartwatch is revolutionizing combat Read More
An enormous mechanical arm enclosed inside a glass cube dips a brush into a set of paints, and like a real artist, depicts the surrounding landscape. The people who pass by also end up on the canvas. As soon as a new person appears in the robot’s field of view several new dabs of the brush are …
