Flashpoint VC — an international investor previously known as Buran VC — has launched an international startup challenge dedicated to SaaS technologies. The challenge is open to Seed and post-seed companies with an MRR of $10,000-$100,000 and no more than $3 million raised. The targeted segments are AI, DevOps, Remote work & productivity tools, HealthTech and …
3D Bioprinting Solutions, a resident of the Skolkovo Foundation Biomedical Cluster, recently agreed to collaborate with KFC in developing an innovative technology aimed at making chicken using a 3D bio-printer. The two sides came up with the idea as a means to tap into the healthy lifestyle trend, which includes healthy eating, and to meet …
Online recruitment platform HeadHunter has sealed its position as a $1 billion tech company after a new multimillion dollar share deal confirmed the company’s soaring valuation. The new deal will see U.S. investment giant Goldman Sachs sell a 9.9% stake for $101 million, thus valuing Headhunter at just over $1 billion — a rise in the firm’s …
Russian recruitment platform HeadHunter cements $1 billion valuation Read More
Yesterday, Spotify launched in Russia as well as 12 other markets: Albania, Belarus, Bosnia and Herzegovina, Croatia, Kazakhstan, Kosovo, Moldova, Montenegro, North Macedonia, Serbia, Slovenia, and Ukraine. Music lovers from these countries can now enjoy Spotify’s 50 million tracks and 4 billion playlists, as well as localized music personalization features. Russia is the 17th-biggest streaming market in the world and on pace to be the 10th-biggest streaming market …
Spotify launches in Russia and 12 other Central and Eastern European countries Read More
Russian cyber actors are targeting organizations involved in coronavirus vaccine development, according to a new warning by US, UK and Canadian security officials on Thursday that details activity by a Russian hacking group called APT29, which also goes by the name ‘the Dukes’ or ‘Cozy Bear.’ An advisory published by the UK National Cyber Security …
UK, US and Canada allege Russian cyberattacks on Covid-19 research centers Read More
The Internet Initiatives Development Fund (IIDF, or FRII in Russian) has announced that 52 Russian startups are going through a three-month summer batch of its acceleration program – a record number since the fund’s inception in 2013. Eighty percent of the startups of this summer batch develop B2B solutions, in particular in the fields of marketing …
Intento, a startup with Russian roots, has secured a $3 million seed round, reports CrunchBase. Konstantin Savenkov, CEO, started the Berkeley, California-based company in 2016 with Grigory Sapunov, a deep learning and artificial intelligence expert who had worked five years at Yandex. Initially, as reported by East-West Digital News, Intento positioned its solution as a new way to …
Businesses face hefty penalties for operating on the Crimean peninsula, following its annexation by Russia in 2014 — a move deemed illegal by much of the international community and which resulted in the U.S., EU and other western countries placing stringent sanctions on Russia and barring firms from being active or investing on the peninsula. …
In what could put an end to a long saga, the US Securities and Exchange Commission announced today that it “obtained court approval of settlements with Telegram and its subsidiary TON Issuer Inc.” “Without admitting or denying the allegations in the SEC’s complaint, the defendants consented to entry of a final judgment enjoining them from …
Yesterday a court in Moscow upheld the house arrest of Baring Vostok founder Michael Calvey on fraud charges despite the revelation that he has a malignant tumor. The US businessman faces embezzlement charges that he says are being used to pressure him in a business dispute. A Moscow court had ruled last month to extend the house …
US investor Michael Calvey kept under house arrest despite cancer revelation Read More
The Russian IT industry will experience a severe brain drain in the wake of the coronavirus (COVID-19) pandemic and ensuing economic crisis, unless the government introduces support measures for the sector, major local IT companies warn. In 2020 to 2021, 10,000 to 15,000 IT professionals could leave Russia as the overall economic downturned caused by …
DMarket, a Ukraine-born startup that uses blockchain to build “a user-owned gaming economy,” has just attracted $6.5 million in equity funding. The round was led by Almaz Capital with participation from video game company Xsolla. No details of the deal were disclosed. Now headquartered in California, DMarket has developed a platform that “enables transparent and secure buying, selling, and …
Almaz Capital leads $6.5 million for in-game item trading platform DMarket Read More
