News

Russian users outraged by first official ads appearing in Telegram

November 10, 2021

The minimum amount to be deposited to Telegram’s new advertising cabinet is €2 million. But instead of global brands, the first ad messages promoted channels about cryptocurrencies, random news and stock exchange trading courses.  The Russian-speaking audience and channel owners turned out to be dissatisfied and even outraged about the “innovation” – in their opinion, the ads, on the contrary, look …

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Just-born games studio raises $3 million to address “the most exciting and fastest-growing entertainment niche”

November 10, 2021

Kek Entertainment, a Moscow and Cyprus-based “gaming video creator,” has attracted $3 million in pre-seed funding to develop mobile action games. This is “the largest pre-seed round ever in a gaming startup from in Russia or neighboring countries,” the participants in the deal claimed. The company started in September and is hiring. It was founded by two former …

Just-born games studio raises $3 million to address “the most exciting and fastest-growing entertainment niche” Read More

Online realty leader Cian raises $293 million in New York listing, carsharing major Delimobil postpones IPO

November 14, 2021

Cian, a leading online real estate classifieds platform in Russia, began trading on the New York exchange on Friday, Nov. 5,  with a secondary listing on the Moscow exchange announced as imminent. At a company valuation of $1.1 billion, Cian shares had been oversubscribed 10 times by investors, a source in the financial market told Reuters. In their debut on the Nasdaq, the …

Online realty leader Cian raises $293 million in New York listing, carsharing major Delimobil postpones IPO Read More

International family office invests in Russian sexual wellness startup

November 12, 2021

Earlier this month Tizzi, a Russian “sexual wellness” startup founded in 2019, announced the completion of its second investment round, attracting 80 million rubles (around $1.1 million). The funding was provided by Mikhail Ryvkin — a business angel who already invested in such projects as ‘Gym-Gym’ and ‘Bright Kitchen’ — alongside an undisclosed “international family office.”  Tizzi …

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Sber to open R&D center in Berlin “to expand horizons in machine learning”

November 5, 2021

Sber, the Russian financial and digital giant, is preparing to open an R&D center in Berlin — its first one in Western Europe. These plans were announced by Sber’s Executive Vice President and CTO, David Rafalovsky at the Web Summit conference in Lisbon. This initiative aims to attract high-class IT developers, architects and specialists. “Our center is …

Sber to open R&D center in Berlin “to expand horizons in machine learning” Read More

Ransomware HQ: Moscow’s tallest tower is a cybercriminal cash machine

November 3, 2021

The crown jewel of Moscow’s business district, a 97-story glass tower known alternately as Federation Tower East or Vostok, is a tribute to Russia’s post-Soviet economic influence and national strength. Promotional materials for the building, which was the tallest in Europe when it was completed in 2017 and is now number  2, boast of its …

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unmanned car

From driverless cars, to connected transport, to air taxis, Russian mobility technologies are on the rise

November 4, 2021

Last month Moscow-based Smart Driving Labs presented its concept of connected vehicle for urban public transport. The solution reportedly “involves the installation of telematics modules with a set of sensor equipment on buses and minibuses and connection via a cellular network to a cloud platform.” The system will allow public transport companies to collect real-time data on movement, speed, sharp …

From driverless cars, to connected transport, to air taxis, Russian mobility technologies are on the rise Read More

Kaspersky acquires SDN/NFV software vendor Brain4Net to boost its cloud security business

December 1, 2021

In late October Kaspersky Lab announced the acquisition of Brain4Net, an SD-WAN and NFV orchestration software developer born in Russia in 2015. “We’re going to significantly boost our cloud security capabilities and XDR offering. The acquisition enables us to develop reliable detection and response capabilities in the ‘cloud-first’ paradigm by delivering our own solutions based …

Kaspersky acquires SDN/NFV software vendor Brain4Net to boost its cloud security business Read More

Russian IT major Softline raises $400 million in London IPO

October 27, 2021

Softline, an international IT solution and service provider with Russian roots, started trading today on the London Stock Exchange with a secondary listing in Moscow. New shares worth $400 million were sold at $7.50 apiece, valuing Softline at about $1.5 billion, according to a company statement cited by Bloomberg.  The company initially targeted a valuation of around $2 …

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Russia does “absolutely nothing” to regulate cryptocurrencies, says industry advocate

October 26, 2021

Despite Russia adopting its first cryptocurrency law in January 2021, the country’s cryptocurrency market is still largely unregulated and is associated with a lot of uncertainty, according to a local industry advocate. Yury Pripachkin, head of the Russian Association of Cryptoindustry and Blockchain (RACIB), argued that the existing Russian crypto regulations are nothing more than “half-measures” that …

Russia does “absolutely nothing” to regulate cryptocurrencies, says industry advocate Read More

Tinkoff enters e-commerce race as competition intensifies

October 21, 2021

Russian online bank Tinkoff has launched an e-commerce venture. The new platform, a constellation of services and tools designed to help entrepreneurs handle and boost their online sales, will cater to a rapidly expanding online economy in Russia, as well as to clients hoping to grow their international presence. Tinkoff has hired Ilya Kretov, formerly …

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New Russian delivery services launched in London, Oman and Vancouver

October 25, 2021

As part of an already established trend, the past few weeks saw Russian players assert themselves again on the international express delivery scene. In early October, two Russian entrepreneurs, Yevgeny Bisovka and Razmik Sukiasov, announced they completed a $6.1 million round of funding to develop their service Tiggy in Vancouver, Canada. This company offers “free 15-minute grocery delivery with …

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