International

Wiki releases Russian ‘Spy Files’

A new release of classified documents by WikiLeaks sheds light on how Russia spies on its citizens online. The 35 documents titled, “Spy Files,” are related to a St. Petersburg software company that works on government surveillance projects. According to WikiLeaks, the St. Petersburg-based company, Peter Service, participates in Russia’s digital surveillance operation known as System …

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Russia sees “full-scale cyberwar” as bomb-threat wave continues

A wave of fake bomb threats across Russia has entered its second week in what a senior lawmaker called a “full-scale cyberwar” against the country that authorities are ill-equipped to fight. About 400,000 people have been evacuated from more than 1,000 shopping malls, airports, and government and other buildings around the country since the surge …

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This robot is entering the US market after automating recruitment in 220 Russian companies

Artificial intelligence tends to find applications in virtually every field today, and HR is no exception. A Russian startup called Stafory, launched two years ago with less than $10,000 in capital, has created a recruiting robot called ‘Vera’ (‘faith’ in Russian). Stafory initially developed an online platform intended for companies to interact more efficiently with …

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Quantum theory can accelerate machine learning and determine the intelligence of your iPhone, say Skolkovo scientists

In a new paper published in the Nature magazine, a group of scientists led by Jacob Biamonte, an associate professor at Skolkovo Institute of Technology (Skoltech), analyzed what steps can be taken to make the most of quantum enhanced machine learning. This a major contributon to help us better understand quantum enhanced machine learning, writes Russia Beyond The Headlines. …

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Finnish-Russian game startup Panzerdog secures €800,000 from Mail.Ru Games Ventures

Panzerdog, a Finnish-Russian mobile gaming startup, has secured a €800,000 seed stage round from Mail.Ru Games Ventures, the games investment division established earlier this year by Mail.Ru Group. This is the first investment made by the division, which says it has considered “nearly 500 applications” before choosing Panzerdog. “Mobile games are the main driver of …

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Japanese fund invests in Russian online micro-lending platform SimpleFinance

Just a few months after a Eurobond issuance of $30 million,  SimpleFinance, a Russian online micro-lending platform targeting small and medium-sized businesses, has secured an equity investment from the SBI FinTech Business Innovation Fund LPS. Neither the amount nor any details of the deal were disclosed. The fund, with a capital amounting to JPY 30 billion ($271 million), …

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Boeing HorizonX visits Skolkovo in search of game-changing tech startups

The deterioration of the US-Russia relationship has not stopped all business ties, including in the field of high technologies. Thus in late August the management of HorizonX, a new subdivision of Boeing set up by the U.S. aerospace giant to search the world for startups offering revolutionary ideas, visited Skolkovo. The Russiant tech hub is one of …

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US senate votes to oust Kaspersky from federal use

Following a directive from the Department of Homeland Security last week banning the use of Kaspersky Lab security software in the executive branch, the U.S. Senate has followed suit. On Monday, the Senate passed an amendment against Kaspersky Lab pushed forward by New Hampshire Democrat Jeanne Shaheen. The amendment was attached to the National Defense Authorization Act (NDAA) following a …

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“As good as gold:” This Russian-designed token aims to tackle cryptocurrency volatility

In this Blockchain era where technology promises to digitize virtually any type of assets, the emergence of gold-backed tokens is no surprise. The concept is not new, but we are now witnessing its first applications. One of these projects is propelled by Goldmint, a company with Russian roots now preparing for its ICO and the …

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US-Russian crypto platform raises $30 million in ICO to “bridge the crypto universe and the traditional investment market”

The Blackmoon Crypto Platform, which presents itself as “a one-stop solution for asset managers to create and manage legally compliant tokenized funds,” has raised over $20 million in just one day through an ICO launched on September 12. On September 1, the startup raised $10 million through a pre-order campaign which started on August 5. …

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Target Global launches €100 million venture fund to invest in Europe and Israel

Target Global, an international VC firm based in Berlin, announced today the first closing of a new €100 million fund focused on early stage investments. Dubbed ‘Target Global Early Stage Fund I,’ the fund will focus on seed and A rounds, expecting to support up to 20 companies throughout its lifetime. Focus will be made …

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Goldman Sachs invests $15 million in Russian data center

Yesterday IXcellerate, a UK-headquartered operator of datacenters in Russia, announced it has secured a $15 million convertible loan from Goldman Sachs. The bank Goldman Sachs, which will hold a 25% stake after conversion, has become the third key investor in IXcellerate after IFC and Sumitomo Corporation. Since its launch in 2011, IXcellerate has attracted $35 million …

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