Russian programmers excel not only in “hacking” US elections. They also top international competitions, as exemplified by the results of the International Collegiate Programming Contest (ICPC) over the past years. While winning this contest is the dream of all IT students the world, Russians did it this year for the eighth time – ahead of teams …
Why Russians dominate international programming contests Read More
Co-founded in 2012 by Maria Dokshina, Evgeny Gavrilin and Ruslan Tugushev, Russian crowdfunding platform Boomstarter is delving into the cryptosphere. The company has just announced that it “raised $1 million in early financing as venture funds and private companies join its ongoing token sale.” While still operating its classic crowdfunding site, Boomstarter.ru, the company now aims to launch “the first …
The Russian manufacturer of luxury smartphones Caviar has announced a new design for its Putin-Trump edition of the legendary Nokia 3310 feature phone. One year after its initial launch, this new edition is dedicated to today’s summit between the two presidents. Christened ‘Peacemakers,’ the new device “reflects the hope for restoring the friendly relations between Russia and America,” …
Legendary Nokia 3310 gets new design to celebrate Putin-Trump meeting Read More
Until 2015, several applications developed for Facebook by third-party companies had access to personal information shared by users and their friends. The apps could see names, genders, birth dates, places of birth, photos, and “liked” posts and pages. One of the businesses that collaborated with Facebook like this was the Russian company Mail.ru [part of …
US senator worries that Mail.ru might be the next ‘Cambridge Analytica scandal’ Read More
Russian asset management company Leader has teamed up with Shenzhen Capital Group to create a new tech fund. The news was reported yesterday by Russian business daily Kommersant, which cited exchanges with Leader and other sources with knowledge of the deal. Dubbed ‘Russian-Chinese Technological Fund’ (RCTF), the fund plans to invest $100 million in such fields …
Russia’s Leader and China’s Shenzhen Capital launch $100 million tech fund Read More
In late June SDL, a UK-based developer of language translation technologies, announced that its solution, a next-gen Neural Machine Translation 2.0, has learned to translate from Russian to English with “over 90% of its output labelled as perfect by professional Russian-English translators.” “A machine running SDL NMT 2.0 can now produce translations of Russian text …
UK company launches Russian-to-English “Neural Machine Translation” with 90% accuracy Read More
Grishin Robotics has agreed a “strategic partnership” with Epic Games, a US video game and software development corporation, to “drive innovation in robotics and simulation” using Epic’s Unreal Engine. The fund is ready to invest as much as $100 million in startups using this technology “to create innovative and time-saving applications in robotics, smart hardware …
Larnabel Ventures, a Moscow-based company founded by the Gutseriev family to invest in IT, and VP Capital, a venture fund backed by Belarusian businessman Viktor Prokopenya, have teamed up to invest $2 million in Read2play, as reported by VentureBeat earlier this month. Developed by Belarusian AI startup FaceMetrics, this app presents itself as “not just …
Russian and Belarusian funds invest $2 million in AI startup Read More
DST Global, a major global venture fund managed by Russian billionaire Yuri Milner, led a $210 million round for the Indian food delivery startup Swiggy, TechCrunch has reported. Another leading investor was the startup’s earlier backer Naspers. The round brought the company to a $1.3 billion valuation. According to CrunchBase, Swiggy has raised to date $465.5 …
DST Global leads giant round for Indian food delivery startup Read More
Under the five-year contract, US Lighting Group, a major producer of LED bulbs, gains the exclusive rights (for $600,000) to sell Promobot’s friendly, talking promotional robots in the U.S., and has put down an advance order for more than 2,000 robots, worth $56 million. “This is one of the biggest deals in the history of …
Russian robot maker strikes giant deal with US company Read More
Yesterday Nginx (pronounced “engine-x”), a US-based open source web server publisher with Russian origins, announced a $43 million Series C round led by Goldman Sachs Growth Equity. Ngnix’s founder, Igor Sysoev, is a former system administrator at Rambler, a pioneer Russian web company. He initially released his server software in 2004 and has been developing his web server solution since …
American-Russian web server publisher Nginx secures $43 million from Goldman Sachs Read More
Andrey Trubnikov, the owner of two successful Russian organic beauty brands, Natura Siberica and Old Agafya’s Recipes, intends to launch an e-commerce activity on the US market, he said in an interview published last week by Russian business daily Vedomosti. The sales are planned to kick off in 2018 with a local sales manager hired by the …
Russian beauty brands to test US e-commerce waters Read More
