Wallarm, a cybersecurity startup with Russian roots, announced yesterday the completion of a $8 million round in California. The round was led by Toba Capital with participation from Partech Ventures and Gagarin Capital (which had invested in the company’s previous round) and Y Combinator (from which Wallarm graduated in 2016). “Given the growing sophistication of …
Sberbank, Russia’s leading banking institution, has reportedly approached Yandex founder Arkady Volozh regarding the potential acquisition of a controlling stake in the Russian search company. Yandex is listed on both the Moscow exchange and the NASDAQ. The state-controlled bank would consider the acquisition of an at least 30% stake, Russian business publications Vedomosti and The Bell reported yesterday, …
Next month, young programmers from more than a dozen countries will converge to Moscow for a coding bootcamp. They will get intensive training to prepare them to take part in the International Collegiate Programming Contest (ICPC), one of the world’s most prestigious tech competitions. The bootcamp is organized by Moscow Workshops ICPC, an educational startup …
According to a Morgan Stanley report released last month, the Russian e-commerce market for physical goods will grow to $31 billion by 2020 and may reach $52 billion by 2023 – up from around $18 billion (1,040 billion rubles) in 2017. “Russia is the last major emerging market without a dominant online retailer. Russia is at …
Morgan Stanley sees Russian e-commerce grow nearly 3-fold by 2023 Read More
On October 16-17, Russian tech startups will have an opportunity to present their projects to a variety of investors, innovators, scientists from 30 different countries. Some 35 speakers have been invited from China, the USA, Mexico, the UK, France, Italy, Lichtenstein, Vatican and other countries, in addition to Russian representatives. This exceptional gathering will take …
Co-organized by EWDN, this highly technological forum is intended for business owners as well as commercial, IT and marketing managers from online and omnichannel retail. From mass market to luxury brands, over 30 top managers from Russia and beyond will share their experience through roundtables, discussions, and workshops. Speakers include representatives of AliExpress, Ile de beauté, …
Hundreds of Russian and international fashion retailers to meet in Moscow (Oct. 24) Read More
PicsArt, a Californian startup with Armenian roots, is opening a an AI lab in Moscow. The company is planning to hire 20 local engineers and invest up to $2 million in the facility. The lab will help PicsArt develop AI approaches for photo filters, AR cameras, and advertising. Such companies as Microsoft, SAP and Samsung also …
Severstal Ventures, an investment vehicle created earlier this year by the Russian steel and mining giant Severstal, has backed the first round of the Chrysalix RoboValley fund (Chrysalix RBV GP Ltd), along with other corporations. The amount of Severstal Ventures’ contribution has not been disclosed officially, but in an exchange with Russian business daily Vedomosti, …
Held in Astana on November 5, the first edition of Digital Bridge is an exceptional opportunity to discover the Kazakhstani tech scene and meet international business and political leaders. These include the prime ministers of Estonia and Kazakhstan, as well as Hyperloop Transportation General Director Dirk Ahlborn, Global Catalyst Partners chairman Kamran Elahian, Startup Genome CEO Jean-Francois Gauthier, Priceline co-founder …
Russian startup Deliver (formerly iCanDeliver) has just announced the completion of a $7.5 million investment deal. The backers are Russian Direct Investment Fund (RDIF) and Mubadala, the Russian and Abu Dhabi sovereign funds, respectively. The respective contributions of the two funds have not been disclosed, but Deliver founder Danil Rudakov told Vedomosti that the investment will …
Westwing, a German online store of furniture and designer home accessories, is leaving Russia after six years of operations in the market. The company is also selling its affiliates in Kazakhstan and Brazil, reports DW. “Westwing has made a strategic decision to focus on its main business in Europe,” the company representative told DW, while …
Last week UnionPay, the Chinese bank card giant, signed collaboration agreements with four financial institutions from Russia, Georgia, Uzbekistan and Kazakhstan. The signing ceremony took place in Tbilissi, Georgia, with participation from the Chinese ambassador to Georgia, the vice-president of the Central Bank of Georgia, and the CEO of UnionPay International, Mr. Cai Jianbo. In Russia, …
UnionPay expands reach in Russia, Georgia, Central Asia Read More
