International

Siberian ride-hailing app with alternative business model secures $5 million

September 13, 2017

Ride-hailing app inDriver has raised a $5 million Series A round from Leta Capital, TechCrunch reports. This startup from Yakutsk, Siberia has an unusual business model: passengers enter the price they are willing to pay, while drivers accept the orders only upon agreement of the fare. “inDriver does not influence price formation and does not take a commission …

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High-level networking event for tech companies and investors from across Europe (Monaco, Oct. 5-6)

September 13, 2017

Small and big startups from Eastern Europe, including pre-IPO ones, have an opportunity to present themselves to a bevy of high-level international investors, tech journalists, and financial analysts in Monaco on October 5-6 in Monaco. Monaco Tech Invest is also open to Eastern European investors willing to network with their Western peers and get acquainted with …

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Russia and Japan launch joint $1 billion fund to invest in healthcare, industrial and tech projects

September 11, 2017

Last week at the Eastern Economic Forum in Vladivostok the Russian Direct Investment Fund (RDIF) and Japan Bank for International Cooperation (JBIC) announced the launch of the Russia-Japan Investment Fund (RJIF), after completion of the registration and establishment procedures. The launch follows a Memorandum of Understanding (MoU) signed in late 2016 in which each party …

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Red panic: Kaspersky pulled from major US retailer’s shelves, banned from federal government computers

September 14, 2017

US retailer Best Buy has pulled from its shelves Kaspersky Lab’s PC security software amid fears of Kremlin spies using the antivirus tool to snoop on Americans — even though there is no concrete evidence to indicate that the security software is a threat. In an exchange with UK’s The Register, the store chain confirmed its decision, but …

Red panic: Kaspersky pulled from major US retailer’s shelves, banned from federal government computers Read More

Grishin Robotics invests in stationless bikesharing across the world to “make smart cities a reality”

September 14, 2017

Grishin Robotics, an international venture fund with Russian roots, is investing massively in bikesharing platforms. Over the past four months the fund has completed no less than three deals in this segment: In May, it led an $8 million Series A funding round for Spin, a pioneer in this field in the US market. Exponent, CRCM, as well as Quora …

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Mail.Ru Group has lost 1.5% of its annual revenue after being banned in Ukraine

September 6, 2017

In its unaudited IFRS results made public last month, Mail.Ru Group, a leading LSE-listed Russian Internet group, has estimated “the negative effect of the blocking of its services in Ukraine in Q2 is around 1.5% of total revenues in 2017.” In mid-May, Ukrainian President Petro Poroshenko signed a decree applying sanctions to 468 legal entities …

Mail.Ru Group has lost 1.5% of its annual revenue after being banned in Ukraine Read More

Putin to Russian students: “Whoever leads in AI will rule the world”

September 10, 2017

Just three months after demonstrating an unexpected interest in the Ethereum technology — in which he sees a potential instrument for tech modernization, — Vladimir Putin has shared with Russian students his far-reaching views on artificial intelligence (AI). In a 45-minute “open lesson” about science on Friday, the Russian president told Russian students that “whoever becomes the …

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Russia joins forces with Ethereum Foundation to deploy Blockchain technologies in state administrations

December 23, 2018

This past Tuesday VEB, a major state-owned Russian development bank, signed a partnership agreement with the Ethereum Foundation to develop and implement Blockchain-based government applications. The Foundation’s founder Vitalik Buterin and VEB President Sergey Gorokov Chairman both took part in the signing ceremony, which was held during a Blockchain conference in Kazan, the capital of the innovation-friendly …

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Online innovators, developers and designers to meet in Tallinn (Sept. 8)

August 31, 2017

Front-end developers, designers, online innovators from across Europe, including Russia, are invited to the third edition of the Refresh conference in Tallinn on September 8. This event will bring together some 500 professionals in the Estonian capital. Presented as an innovative community event for specialists who strive to build products their clients would love and …

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Russian Hudway overreaches crowdfunding goal to launch next-gen safe driving device

August 31, 2017

The Russian startup Hudway has exceeded its $100,000 funding target in less than 24 hours in a Kickstarter campaign for its latest head-up display (HUD). On August 30, just two days after the campaign launch, the startup had already raised nearly $195,000 from more than 900 backers. Hudway is setting up mass production of HUDWAY Cast, a portable head-up display that …

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State corporation Rostec launches cyber security export program

August 24, 2017

Russian state holding Rostec has launched a program to export cyber security systems in 2017-2019. The program involves two Rostec entities, arms exporter Rosoboronexport and information security company Avtomatika. Thus, foreign customers will enjoy Russian cyber security excellence in such fields as social network monitoring, anti-virus technologies and encryption. “We have recorded an increased demand for various projects related to …

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