International

Yandex deploys Big Data and AI technologies across Europe, eyes South American market

Yandex Data Factory, a B2B business unit which Yandex launched in 2014 to develop custom-made Big Data solutions, has developed significantly both in Russia and abroad, its CEO Jane Zavalishina said in an exchange with tech blog 150.com at an industry conference. From its offices in Moscow and Amsterdam, Yandex Data Factory aims to make Yandex’s technologies – …

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Russia’s Finstar to invest $150 million in fintech startups over five years

Russian private equity firm Finstar has announced plans to invest $150 million in fintech startups over the next five years. Finstar will invest between $500,000 and $30 million in three to six deals a year in seed and Series A rounds, said Oleg Boyko, chairman of Finstar (pictured). The firm isn’t new to fintech investments, having previously backed …

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Mitsui chefmarket

Russian startup Chefmarket attracts $3.5 million from Mitsui

The Moscow-based food delivery startup Chefmarket.ru has just secured $3.5 million from Mitsui & Co — just one year after the Japanese corporation led a previous $1.5 million round. “Mitsui has designated retail and services, including e-commerce and TV shopping, as one of its key domain, and is expanding its presence through various investments. After a small …

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

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 will organize 30 pitches from select tech companies, and 300 one-to-one meetings to match some 150 attendees. …

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Most requests to remove online content come from Russia, Google says

Russia has come out on top of a ranking of government requests to have online content removed or blocked, according to Google’s latest Transparency Report. Last year, the Russian authorities filed more than 13,000 requests with the search engine to have online content on Google platforms removed, including on YouTube. Compared to 2015, the number of requests …

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Best hard-tech projects from across Europe invited to Warsaw

The best hard-tech projects and creative industries to accelerate within the urban accelerator program Startup Hub Warsaw. Innovation pioneers will compete for 100,000 PLN (approximately $28,000) in total. This year projects from digital and creative industries will compete for prizes of PLN 50.000, 30.000 and 20.000. The program will gather cybersecurity, bots, artificial intelligence and …

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Russian hackers now under attack — from Microsoft

Microsoft is going after Fancy Bear, the Russian hacking group that targeted the DNC, by wresting control of domain names controlled by the foreign spies. This new offensive by Microsoft has been control-alt-deleting segments of the Russian hacking apparatus, reports The Daily Beast. Microsoft’s approach is indirect but effective. Rather than getting physical custody of the servers, which Fancy Bear rents from …

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French corporate giants Decathlon and Servier hunt for Russian startups at Skolkovo

This past Monday a team of talent scouts from Decathlon, a French chain of sports stores with nearly 50 outlets in Russia, met with a range of Russian startups at Skolkovo, the international tech hub under completion on the outskirts of Moscow. The meeting was part of a joint initiative of the Skolkovo Foundation, French Tech Moscow, …

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New York online art marketplace with Russian co-founder raises $50 million

Artsy, a US startup whose platform allows people to learn about visual art and explore buy or sell opportunities, has just raised $50 million in equity funding at a $225 million pre-money valuation, TechCrunch and Pitchbook reported yesterday. In the long list of investors is Darya (Dasha) Zhukova, the wife of Russian billionaire Roman Abramovich and a figure …

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AI-enhanced mobile trading app raises $25 million from Eastern Europe

Two major investors from Russia and Belarus have just injected $25 million in Capital.com, a trading app that is similar to Robinhood in the US or Trading212 in Europe — but with a specific AI-powered function that provides users with tailored content based on behavioral analysis. Dubbed ’Smart Feed’ and scheduled for launch next month, this AI function analyzes user …

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Ikea launches second startup accelerator program in Russia

Following the first edition in late 2015, Ikea is launching its second ‘Mega Accelerator’ in Russia. Startups are expected to help “transform the MEGA shopping malls into spaces for meetings and relaxation, improve customer experience and optimize business processes.” Owned, developed and managed by Ikea, MEGA is a leading chain of shopping centers across Russia. These malls attract some 275 …

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Russia and China announce new joint investment programs exceeding $12 billion

Over the past weeks, illustrating the growing ties between the two countries in the field of innovation, several Russian state-owned funds and banks have signed agreements with Chinese counterparts. The combined amounts of these programs, which  are partly dedicated to high-tech projects, may exceed $12 billion. VEB-Harbin Bank The first of these partnerships, which was …

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