International

Annoying LinkedIn networkers are actually Russian hackers spreading zero-days, Google says

July 15, 2021

Most LinkedIn spam is just annoying. But new research from Google suggests some of it was outright dangerous: Russian government hackers targeted European government officials with LinkedIn messages that contained malicious links designed to exploit unknown vulnerabilities in Windows and iOS, according to Google’s report. Google’s Threat Analysis Group published new research on Wednesday, detailing …

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The Untitled raises €100 million to relocate tech startups from Eastern Europe to Western jurisdictions

December 31, 2021

The Untitled, a Russian venture firm established in 2013, has raised €100 million for a new, London-based vehicle (‘The Untitled Ventures’) that will target startups relocating from countries of the former Soviet Union. This is twice as much as the initial target (€50 million) announced by the firm last year. “Russia and neighboring countries feature world-class programmers and high quality startups,” The …

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Zerion secures $8.2 million to make decentralized finance accessible to all

July 14, 2021

Last week Zerion, a Californian decentralized finance (DeFi) startup with Russian and Ukrainian founders, announced the completion of a $8.2 million round. Led by Mosaic Ventures, the deal also involved Placeholder, DCG, Lightspeed, Blockchain.com Ventures and other organizations — as well as a dozen of individual investors from the crypto community.  Zerion touts its investing app as “the simplest way to track and manage …

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Russian maintenance service marketplace Wowworks raises $3.6 million to become a global major

December 31, 2024

Wowworks, a Moscow-based startup providing corporate clients with a variety of maintenance services, has raised $3.6 million from three VCs: AddVenture, one of the most established VC firms with Russian roots; DV Capital,  a recently-founded, Moscow-based VC firm; and LVL1, a vehicle of Russian-Israeli tech investor Lev Leviev.   Back in 2017, the startup already secured $1 million from …

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Behind stereotypes: Putin’s cybercrime challenge

July 13, 2021

By Mark Galeotti, Director of the consultancy Mayak Intelligence, Honorary Professor at UCL School of Slavonic & East European Studies. Following recent cases of Russian-linked cyberespionage and ransomware attacks, President Joe Biden has cranked up the pressure on Vladimir Putin to act. Despite easy stereotypes that the Kremlin is behind, or at least passively sanctions …

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Dutch and Greek investors back Russian startup Agro.Club for international expansion

July 7, 2021

As reported by business daily Vedomosti, the Dutch fund Rabo Frontier Ventures and the Greek fund VentureFriends have been the main contributors to a $5 million of funding for Russian agritech startup Agro.Club. Neither the respective contributions of the investors nor the terms of the deals were disclosed.  Founded in 2018, Agro.Club is a digital marketplace that …

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Yandex to operate driverless food deliveries on US college campuses

July 6, 2021

Yandex Self-Driving Group, the Yandex spin-off dedicated to unmanned vehicles, has teamed up with Grubhub to develop driverless food deliveries on college campuses in the United States. Partnering with more than 250 college campuses, Grubhub is a major online and mobile food-ordering and delivery platform in the US. The Russian company and its new US partner say these …

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Skolkovo companies demonstrate VR healthcare systems in Dubai

July 8, 2021

On June 21-24, resident companies from Skolkovo, Russia’s top international tech hub, took part in a business mission to Arab Health 2021. The companies Geotar, VRSim, MEDVR, and The Psycho Hyperreality drew attention as they demonstrated their virtual reality solutions. Virtual reality technologies are part of an up-and-coming market that is spreading across multiple sectors, including construction, gaming, medicine, engineering, etc. Given …

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Russia points finger back at US over latest cyberattack accusations

July 2, 2021

Russia’s Embassy in the United States pointed the finger back at the U.S. Friday after its cybersecurity agencies blamed Kremlin-backed hackers for a massive hacking campaign on Western private and government entities. U.S. and U.K. national security agencies on Thursday said a cyber-unit within Russia’s GRU military intelligence agency has conducted “brute force” attacks on predominantly U.S. and European …

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Glorious story but modest exit for online fashion pioneer KupiVIP

July 9, 2021

Update July 9: Yandex announced the cancellation of the deal, for undisclosed reasons, according to media reports. The company is considering “other options to enter the fashion segment.” Yandex.Market is in the process of acquiring KupiVIP, one of the most established e-commerce brands in Russia, founded back in 2008 by German entrepreneur Oskar Hartmann. Also …

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Leta Capital eyes “17,000 Russian-speaking tech entrepreneurs” based in the West

June 30, 2021

The Russian VC firm Leta Capital aims to invest in Russian-speaking tech entrepreneurs across the world. This is a huge pool of talents who left their home countries — including Russia, Ukraine, Belarus and some other former Soviet republics — to establish themselves in Western Europe, the USA and other geographies.  According to Leta Capital’s in-house research, “more …

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Wildberries launches cross-border sales to Russian consumers

June 29, 2021

Russia’s largest online retailer Wildberries has launched direct cross-border sales from Belarus, Kazakhstan and China to Russian consumers, the company announced on June 23, presenting the move as a pilot project.   Cross-border delivery of goods will be carried out both by Wildberries’ own logistics service (for example, in Belarus and Kazakhstan) and via international logistics partners (in …

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