International

Despite hacking charges, US tech industry fought to keep ties to Russia spy service

July 4, 2017

New US sanctions put in place by former President Barack Obama last December — part of a broad suite of actions taken in response to Russia’s alleged meddling in the 2016 presidential election — made it a crime for American companies to have any business relationship with Russia’s FSB, or Federal Security Service. However, US technology …

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Russian fintech enters debt market

June 30, 2017

SimpleFinance, a Russian online micro-lending platform targeting small and medium-sized businesses, yesterday announced a Eurobond issue of $30 million with results “fully in line with expectations.” Launched in 2015, SimpleFinance is already profitable and self-financing, with its products enjoying high demand, the company’s press service told East-West Digital News. “But we intend to use this …

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Grishin Robotics teams up with Shakira and Gérard Piqué to back enigmatic US startup

September 7, 2017

Grishin Robotics, an international venture capital fund with Russian roots, has led a $14 million round of financing for Wonder, a Los Angeles-based startup which is developing an “all-in-one and one-for-all-gamers” product with a focus on virtual reality (VR) features. The startup makes much ado about what it says will be a “new type of …

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Moscow entrepreneur launches ad exchange for voice-activated ads in Silicon Valley

June 28, 2017

Earlier this month Instreamatic.ai, a digital voice-activated advertising platform based in San Francisco, but with Russian roots, launched an advanced programmatic buying product. Its core feature is the ability to engage with users in the form of a dialogue. What’s more, Insteamatic.ai’s technology connects publishers to the fast-emerging market of voice-controlled devices and services. The …

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Almaz Capital and Sistema VC invest $4 million in US mobile travel service

June 27, 2017

Almaz Capital, an international venture fund with Eastern-European roots, and Sistema VC, the venture arm of the Russian conglomerate Sistema, have invested $4 million in a US mobile travel app called FinalPrice. With FinalPrice’s iOS mobile app, users “get access to the secret cache of ultra-low prices on flights, hotels, and car rentals” for $99 per …

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Western e-commerce companies see cross-border sales to Russia resume dramatically

July 9, 2017

After almost three years of fall or stagnation, Western retailers’ sales to Russian online consumers are resuming – in certain cases dramatically. This new trend was discussed earlier this month at the Global E-Commerce Summit in Barcelona in a special Russia round table, where Russian and international players shared their most recent sales data. Thus ASOS …

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Under pressure, Western tech firms bow to Russian demands to share cyber secrets

June 23, 2017

Western technology companies, including Cisco, IBM and SAP, are acceding to demands by Moscow for access to closely guarded product security secrets, at a time when Russia has been accused of a growing number of cyber attacks on the West, a Reuters investigation has found. Russian authorities are asking Western tech companies to allow them …

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Russia and Brazil aim to develop high tech partnerships

June 25, 2017

During official talks with his Brazilian counterpart, Michel Temer, in Moscow on Wednesday, Russian President Vladimir Putin hailed the cooperation between the two countries in the field of technologies. Putin noted that Russia and Brazil already cooperate closely in space exploration and that there are plans to develop cooperation in Earth monitoring from space. “We see good …

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Top Russian and Singapore investors inject $8 million in online freight service

June 25, 2017

Confirming the appeal of the online cargo transportation market, Russian startup Deliver (formerly iCanDeliver) has just announced the completion of a substantial round of funding. The move is coming just two months after a competing Russian project was announced, and a few weeks after the international launch of Uber Freight. The Russian fund Inventure Partners has just …

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AEON and Royal Philips to develop R&D activities in Skolkovo techpark

June 25, 2017

Earlier this month two international corporations signed agreements with Skolkovo, the international tech hub under completion on the outskirts of Moscow. Royal Philips, the Dutch tech giant, signed off on the official opening of its first innovation center in Russia in the Skolkovo technopark. This innovation center will focus on machine learning, artificial intelligence as well …

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