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Russian Cognitive Pilot aims to sell agricultural drones in challenging American markets

August 5, 2021

The Russian company Cognitive Pilot intends to sell its agricultural drones across North and South America, including the US market. To this end, it has registered a subsidiary, ‘Cognitive Pilot Corp.,’ in Texas, reports Vedomosti.  Cognitive Pilot CEO Olga Uskova said the flying engines will initially be sold in Kansas, Ohio, Oklahoma and Texas, where no license is required …

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Sber and Yandex invest piles of rubles in digital services and e-commerce

August 4, 2021

In the first half of this year Sber, the state-controlled financial and digital giant (previously known as Sberbank), invested some 73 billion rubles (around $1 billion) in its digital ecosystem, a company representative told business daily Vedomosti. These investments account for 11.5% of Sber’s net profit for H1 2021 (630 billion rubles).  Sber’s investments in this field are accelerating dramatically: …

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Moscow court fines Google for breaching Russia’s personal data storage law

August 27, 2021

Last week a Russian court fined Google’s local subsidiary 3 million rubles (around $41,000 at the current exchange rate) for violating Russia’s personal data storage law, reports TASS news agency. While the US digital giant had previously been fined for refusing to remove censored information and for abusing dominant position, it is the first fine …

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Russian-founded mobile game publisher launches co-investment vehicle, displays IPO goals

August 4, 2021

Earlier this month Green Grey, a Russian-founded publisher of mobile games and apps, announced the launch of NPU Games. This new casual games studio offers co-investment opportunities to back the development of casual games.  An initial capital injection of $800,000 was brought by Green Grey itself to develop a pilot project, Cook’s Voyage — a casual …

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Russian mobile major MTS acquires blockchain trade finance platform

August 3, 2021

MTS, a leading mobile operator and provider of digital services and content, has acquired a 51% stake in blockchain-based trade finance platform Factorin.  The two year-old company touts itself as “the biggest factoring platform in Russia andone of the leading B2B blockchain systems for trade finance in the world.”  Founded by Andrei Maklin with support from venture builder Digital Horizon — …

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Russian-founded graphene nanotube leader valued at $2 billion, inks investment agreement with Daikin

August 4, 2021

OCSiAl, the Russian-founded global graphene nanotube leader, has inked an investment and business cooperation agreement with Japanese giant Daikin Industries. The companies disclosed  OCSiAl’s valuation (“about $2 billion”) but not the terms of the share subscription deal.  Pronounced ‘Oxial,’ OCSiAl refers to four chemical elements: oxygen (O), carbon (C), silicon (Si) and aluminum (Al). Touted as the …

Russian-founded graphene nanotube leader valued at $2 billion, inks investment agreement with Daikin Read More

Russia blocks Navalny’s mirror site using Internet isolation tools – but not yet his ‘Smart Vote’ site

July 29, 2021

Russian authorities have blocked jailed Kremlin critic Alexei Navalny’s mirror website using the tools that help telecom providers “isolate” Russia’s section of the internet, The Moscow Times reports, citing privacy NGO Roskomsvoboda. Navalny rolled out the website navalny.app after authorities blocked his main website navalny.com alongside nearly 50 sites linked to him Monday because of “banned extremist …

Russia blocks Navalny’s mirror site using Internet isolation tools – but not yet his ‘Smart Vote’ site Read More

Russian startup raises $9.3 million to develop next-gen radial drilling technology

July 26, 2021

Perfobore (also spelt ‘Perfobur’), a Moscow based solution provider for wells completion and stimulation, has closed a $9.3 million Series B round. The funding came from  Runtech Ventures — the venture arm of Russian asset management firm RosRegion Razvitie — and from several individual investors including former Schlumberger VP Vladimir Kuksov.  Founded in 2013, Perfobore performed …

Russian startup raises $9.3 million to develop next-gen radial drilling technology Read More

Russian GetCourse secures $50 million from top investors, expects to generate $1 billion in GMV this year

July 26, 2021

Baring Vostok, the Russian PE/VC giant, Winter Capital, a Moscow-based international fund backed, in particular, by billionaire Vladimir Potanin, and Goldman Sachs have invested $50 million in GetCourse.  This Russian edtech startup allows its customers — more than 20,000 schools, trainers, coaches and bloggers — to create, deliver, promote and sell their own educational content.  The service, which …

Russian GetCourse secures $50 million from top investors, expects to generate $1 billion in GMV this year Read More

Russia blocks Navalny’s website and dozens of related ones

July 29, 2021

Russia’s Internet regulator Roskomnadzor on Monday blocked 49 websites linked to jailed Kremlin critic Alexey Navalny. Among these sites ar his personal website where he published investigations into alleged high-level corruption that have sparked nationwide protests in recent years. Roskomnadzor’s actions come one week after it blocked the website of a prominent legal group that …

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Baring Vostok invests $6 million in high-tech travel booking platform

July 22, 2021

Level.Travel, a Russian platform for searching and booking tours online, has raised $6 million from Moscow-based PE/VC giant Baring Vostok, in exchange for a minority stake. Previous investor Guard Capital, a Moscow-based VC, is keeping its stake in the company’s capital. No further details of the deal were disclosed. Founded ten years ago by Dmitry Malyutin, Ellin …

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The SPAC wave hits Russia

February 16, 2022

Could a company from Russia, or with strong connections to Russia, ever be targeted by a SPAC? The question remained open until very recently, given the small numbers of international IPOs from Russia — the latest example in the digital field being Ozon in November last year. Such a player has now emerged, with Nexters …

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