Geosteering Technologies (also known as Geonavigation Technologies or GTI), a Russian developer of software solutions for well drilling, has raised $2 million in a Series B round of funding. The round was led by AYR, a Moscow-based private equity and financial advisory firm, with participation from North Energy Ventures and Phystech Ventures, an earlier investor in the company. The deal, …
Amid heightened security alerts in airports, train stations and other public places across the world, Skolkovo startups working on security solutions for crowded places have travelled to France to demonstrate their technologies and search for potential partners. The delegation, which consisted of seven resident companies from the nuclear and IT clusters of the Russian tech hub, embarked …
Russian startups present their public security solutions in France Read More
Russian investors recently purchased a church with an ornate, embellished interior in North Beach for $7 million. The group behind a new venture capital firm investing in Silicon Valley companies plan to turn the space into a meeting place and event venue for international thought leaders coming to San Francisco. Pavel Cherkashin, co-founder of GVA …
Russian venture investors transform San Francisco church into place for thought leadership Read More
During a visit in Iran last month, a delegation from Moscow-based technopark Kalibr signed a memorandum of understanding with two leading Iranian science and technology parks, the Fars and the Khuzestan technoparks. The three-year agreement encompasses several types of cooperation, from synergies between resident companies, to technology transfers between Russian and Iranian industrial companies, to …
Russian tech park Kalibr agrees cooperation with Iranian counterparts 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
Russia, demonized as the biggest cyber-villain in the world in the wake of the U.S. election campaign, must now take special care of its own information security. Its adversaries don’t just possess powerful cyber-spying and offensive capabilities — they suspect Russian involvement in every incident, and that makes Russia vulnerable to all kinds of retaliation. After it …
Cainiao, the logistics arm of Chinese e-commerce giant Alibaba Group, intends to launch its services in Russia, the business daily Kommersant reported today. The move will support the development of the group’s e-commerce activities in Russia. With almost 22 million monthly web users in Russia, Alibaba’s B2C marketplace, Aliexpress, is the leading e-commerce player in the …
IT Park, a major Russian tech park, has announced the launch of the ‘OIC Startup Platform’ with the support of the Secretariat of the Organisation for Islamic Cooperation (IOC). The initiative is also supported by Oxademy, a UK-based online business education provider operating in eight countries, and Selet, an educational initiative in Tatarstan. The acceleration …
Today Gett announced that it has received a $100 million loan facility from Sberbank CIB, the corporate and investment banking branch of Russian national savings Sberbank. This funding comes on top of $540 million previously raised by the company since 2010, according to Sberbank CIB. The last round of financing took place in May 2016, with Volkswagen Group …
On-demand ride service Gett receives $100 million loan from Russia’s Sberbank Read More
Blablacar’s activity in Russia has reached a “phenomenal level,” said its co-founder and CEO Nicolas Bruisson in a recent interview with French business daily Les Echos. “Our concept is popular there, there was a demand but little competition,” Bruisson said. He expects Russia to become his company’s number one market, even before France, in 2017. The French …
Russia set to become Blablacar’s largest market in 2017 Read More
As 2016 starts to draw to a close and the festive season kicks into gear, Google has announced its top apps and games of 2016, based on download figures from the Google Play store. More than 65 billion apps have been downloaded to Android smartphones and tablets from Google Play in the last year by …
Instagram in Russia has taken off with a far more impressive impact as a foreign app compared to the slow entrance of Facebook and others . The app has become an increasingly popular photo sharing social media app worldwide. Instagram is yet another way to connect with friends, follow celebrities, get fitness and beauty advice, …
