International

Russian team secures $7 million through Initial Coin Offering to “revolutionize zirconium dioxide production”

August 29, 2017

Illustrating the growing traction of blockchain technologies in the country, a team of Russian scientists and financial experts has just raised $7.07 million from 3,955 backers on a blockchain-based crowdfunding platform. Dubbed ‘ZrCoin,’  the project consists in building a factory to recycle metallurgical waste using an innovative technology. The team presents their project as “the first-ever …

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E-logistics trends, EU policies, flying cars and supply chain robots featured at major industry event (Berlin, June 27-28)

June 15, 2017

On June 27-28 DELIVER, an invite-only event dedicated to international e-commerce logistics and European policy making, will hold its second edition in Berlin’s Funkhaus. This even will gather prominent retailers from all continents with a focus on Europe’s largest e-commerce markets (UK, Germany, France, Spain, Italy, Russia, Benelux, Nordics). The organizers expect some 800 delegates from 50 …

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Three state-backed venture funds launched to help Russian startups go global

June 16, 2017

Last week at the Startup Village open-air conference, the Skolkovo Foundation announced the launch of Skolkovo Ventures, a group of three new investment funds devoted to IT, industrial technology and biotech. The funds, which have been set up in partnership with the state-backed fund of funds RVC, will operate out of an office in the …

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Russian hackers used Britney Spears’ Instagram account as a secret bulletin board, reports IT security firm

June 10, 2017

Pop star Britney Spears’ Instagram account was used by Russian hackers as a secret bulletin board to place coded messages that were part of a malware scheme, a security company reported. Slovakian antivirus company ESET said in a blog post that it had found encoded messages in the comments section of Spears’ account that, when scanned by …

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Runa Capital invests in French startup SimpliField to “reinvent retail”

June 12, 2017

Runa Capital, a venture fund with Russian roots operating globally, has just participated in a $4 million seed round for  SimpliField. Based in Lille and Paris, France, this startup has developed a SaaS solution which it claims can change “the way retailers sell and deliver great customer experience.” The French investment fund CapHorn also took …

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These 10 Russian startups are presenting their projects at Futur en Seine in Paris

June 8, 2017

Ten resident companies of Skolkovo, the international tech hub under completion on the outskirts of Moscow, are showcasing their technologies today and tomorrow at Futur en Seine in Paris. This huge event – which features a variety of digital-related technologies and topics – is taking place from 8 to 10 June at the Grande Halle …

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Kaspersky files antitrust complaints against Microsoft in Europe

June 12, 2017

Russian security software maker Kaspersky Lab has filed antitrust complaints against Microsoft with the European Commission and the German federal cartel office, it said in a statement on Tuesday. Kaspersky Lab said Microsoft was abusing its dominance in the PC operating system market, creating obstacles for independent software security vendors by distributing its own Defender …

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Putin eyes Ethereum as potential instrument for tech modernization

August 31, 2017

Russian President Vladimir Putin and his economic team have long been under the impression that, to wean the country off its oil dependence, they needed a major leap in some specific area of technology that wasn’t yet dominated by Western, Chinese or Japanese tech giants. As reported by Bloomberg, Ethereum, the world’s largest cryptocurrency after Bitcoin, has …

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Telegram introduces payment via chatbots

June 5, 2017

Telegram, the international messenger launched by Pavel Durov in 2013, is now bringing support for payments via chatbots,  nearly two years after introducing them. “Imagine a world where you can order pizza, pay for a pair of shoes, hire a cab, or refill your subway pass — all in a few button taps on Telegram,” suggests Telegram …

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Russian fund makes 1,600% ROI from Chinese acquisition deal

May 31, 2017

Russia’s VTB Capital Asset Management claims to have made a 1,600% return on investment (“up to 15 times”) as a result of the recent acquisition of Grid Dynamics, a provider of advanced software development services, by China’s Automated Systems Holdings Limited (ASL). Launched in 2006, Grid Dynamics has asserted itself as a major international provider of technology …

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Chronopay to support Bitcoin and Blockchain “revolution”

December 23, 2018

Chronopay, a major online payment provider operating in Russia from its Amsterdam headquarters, is including bitcoin to its payment gateway. Its clients will thus be able to accept the popular cryptocurrency. Chronopay founder Pavel Vrublevsky, a controversial figure, had sharply criticized Bitcoin in the past. He has changed his point of view radically: “Having thoroughly studied the …

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