Roscosmos Deputy head Anatoly Shilov announced yesterday significant improvement in Glonass accuracy. “Today, the system’s precision is to 6 meters, compared to 7 meters for GPS. In the next one or two years we must achieve an accuracy of 2 to 3 meters.” The statement was made at an international forum on satellite navigation held in …
VimpelCom brand Beeline TV has made available six additional high definition television channels in its programming package for Moscow subscribers. VimpelCom is a leading Russian and international telecoms group.
Luxoft announced that it has agreed with Harman International to design and develop sophisticated infotainment systems for the automotive industry. Part of the Moscow-based IBS Group and traded on the Frankfurt Stock Exchange, Luxoft is a prominent offshore software developer with headquarters in Moscow.
DST, the top Russian Internet investment fund, will participate in a still-undisclosed round of financing in favor of alternative accommodations marketplace Airbnb, reports TechCrunch from unnamed sources. The round is being led by Andreessen Horowitz.
LiveJournal.com, a global online community and blogging platform, registered its five millionth Russian-speaking user, according to an announcement made this Monday by SUP, the Russian media company that acquired the platform in 2007.
RUSNANO has announced its investment partnership with SiTime Corporation, an American company, for the development of electronic components for microelectromechanical systems (MEMS) for use in sensors, computing and telecommunications equipment.
Ambitious Russian social games developer Pixonic has just closed its third round of financing, raising $5 million from Russia’s Kite Ventures, Ukraine’s Take Advantage Venture and France’s Ventech. Founded in late 2009, Pixonic has already launched over 30 games on 13 different social networks.
Speaktoit, a Russian mobile and Internet chatbot developer, and PiratePay, an antipiracy startup recently awarded grant funding from Microsoft, have been included on the Red Herring Top 100 Europe listing this year.
As of June 1, VimpelCom, a leading mobile operator in Russia under the Beeline brand, will begin testing their wireless payment system, developed by Ambiq Technologies, in the St. Petersburg subway system. The mobile phone add-on was unveiled two months ago by Ambiq Tech St. Petersburg, the Russian branch of American company Ambiq Technologies.
Professionali.ru, the second largest Russian professional social network after Yandex’s MoiKrug, announced it has raised $2.5 million from Open Capital, a London-based venture capital fund investing in Russia and other former Soviet states. The news has been reported by Unova, a Russian website specializing in local innovation and venture news.
Intel intends to close its R&D center in the Sistema-Sarov technopark in order to consolidate its offices in Nizhny Novgorod, Interfax reports. The decision was reportedly made in light of the considerable maintenance costs for an office with a relatively small staff, as well the need to optimize the company’s office structure and make its …
Sarov technopark: Nokia Siemens Networks becomes resident, Intel leaves Read More
Travelmenu.ru, a site offering a suite of travel products including hotels, flights, and vacation packages, announced yesterday that it has raised $1.6 million in growth capital from Almaz Capital Partners and Runa Capital, two important venture capital firms in Russia. The funds will be used “to invest in a direct-to-consumer marketing campaign and build additional …
