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MTS acquires Russian-founded biometrics provider VisionLabs

December 15, 2021

Intema, the AI accelerator and venture fund launched by mobile operator MTS this past September, is set to acquire biometrics firm VisionLabs for 7 billion rubles ($95 million at the current exchange rate). Founded in Russia in 2012, this developer of AI-powered computer vision solutions quickly drew the attention of top global digital players. Sber (at that time ‘Sberbank’) invested in the company in …

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Russian-born startup raises $3 million to make students’ education dreams come true

December 14, 2021

StudyFree, an edtech startup born in Russia in 2018, has just secured $3 million to continue its international expansion. The investor pool includes I2BF Global Ventures and TMT Investments, two funds with Russian connections, Techstars, as well as Andrey Doronichev and Mikita Mikado.  The former, Google’s ex-director of product management, is a figure of the Russian-speaking community …

Russian-born startup raises $3 million to make students’ education dreams come true Read More

Skolkovo to host new tech park for “greener technologies, production processes and supply chains”

December 13, 2021

Last week, on the sidelines of the Open Innovations international forum, Skolkovo Foundation and Helyx Technologies inked a cooperation agreement to implement a “green tech park.” The initiative builds on the GreenTech Startup Booster, launched last year, which is now touted as “the largest international program for the development and implementation of technological projects in the field of ecology.” The new …

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Nobel Prize winners’ tech anticipations encapsulated at major Moscow conference

December 13, 2021

This year’s edition of Open Innovations — one of Russia’s top tech events — was marked by the participation of holders of Nobel, Fields, Wolf and Abel Prizes, leading Russian and foreign scientists and futurists, alongside representatives of corporations, businesses and government bodies. They shared their vision of the future with over a million of viewers from 70 countries followed expert presentations. …

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Baring Vostok invests $13 million in leading Russian marketing automation company

December 10, 2021

Baring Vostok, a leading Moscow-based PE/VC firm operating essentially in Russia and neighbouring countries, has invested $13 million in a customer data platform for marketing automation called Mindbox. The terms of the deal were not disclosed, but Forbes Russia reported that Baring had received a minority stake in exchange for its investment, while Mindbix employees were …

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Flint Capital’s new $103 million fund already claims two successful exits

December 10, 2021

In June this year Flint Capital, a Boston-based venture firm with Russian roots, closed its second venture fund, attracting $103 million to invest in startups from Seed, to Series A and B stage startups.  The firm publicly announced its new fund only this week, as it already invested in no less than 18 startups with two successful exits — Loom …

Flint Capital’s new $103 million fund already claims two successful exits Read More

VK ownership changes have both political and business motives, say Russian pundits

December 8, 2021

While the restructure in VK (ex-Mail.ru Group)’s ownership announced last week is making the Kremlin’s control over Russian social media even stronger, business motives are also involved, believe insiders.  As reported by The Bell, Sogaz is said to be the real managing partner here, even though technically speaking, the new ownership structure at VK is a diarchy with …

VK ownership changes have both political and business motives, say Russian pundits Read More

Russia shuts down several cryptocurrency farms

December 7, 2021

Authorities in Russia have closed down a number of illegal crypto mining facilities allegedly powered by stolen electricity. The underground farms have been discovered around Moscow, as well as in the Russian republic of Dagestan.  In particular, the Russian law enforcement and customs agents recently uncovered the theft of a large amount of electricity from the network operated …

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“Engineering joy:” Sber’s new smart media speaker brings music, movies, gaming, food and much more to Russian homes

December 7, 2021

The technology ambitions of Sber, Russia’s state-controlled financial giant, were demonstrated again yesterday as the company presented its new smart media speaker. Sber claims the device was “created with the latest product design trends in mind” and touts it as a “one-of-a-kind in its category.” Christened ‘SberBox Time,’ the device combines the functionality of three …

“Engineering joy:” Sber’s new smart media speaker brings music, movies, gaming, food and much more to Russian homes Read More

Russian state strengthens control over leading Internet group VK

December 3, 2021

Russia’s Gazprom is gaining control of VK Company, the LSE-listed Russian Internet major (previously known as Mail.ru Group), as a result of a string of deals to buy out Russian billionaire Alisher Usmanov from the company. These transactions will increase state control over the group, which owns in particular the country’s leading social networks Vkontakte …

Russian state strengthens control over leading Internet group VK Read More

Russia launches homemade TikTok alternative

November 30, 2021

Russia’s leading media conglomerate has launched a domestic rival to the hugely popular video-sharing app TikTok as Russia’s campaign to reduce the influence of foreign websites and technology advances. Gazprom Media, a subsidiary of state-owned gas giant Gazprom, launched the service, named ‘Yappy,’ on Monday. It is currently available to download from both the Apple …

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Kalashnikov Group patents steel and plastic electric car

November 29, 2021

Russian weapon maker Kalashnikov Group has patented exterior and interior features of its new UV4 electric car, designed for the consumer market. The information appears in the database of Russia’s Federal Institute of Industrial Property. UV4 is equipped with an electric motor with a capacity of 50 kW (68 hp), which will allow the car to reach the speed …

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