Novosibirsk

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 …

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StartupBlink: Moscow city ranks #2 in Europe for startup ecosystem development

June 24, 2021

StartupBlink has just released the 2021 edition of its Startup Ecosystem Rankings Report, which encompasses 1,000 cities and 100 countries across the world.  Unsurprisingly, the US leads the country ranking, far ahead of any other country. Then come the UK, Israel, Canada, Germany and Sweden — immediately followed by China. Ranked 7th, China has blazed its way …

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Sberbank to acquire leading mapping service 2GIS at $205 million valuation

June 16, 2020

Sberbank, the Russian state-controlled financial and technology giant, is extending its empire to mapping services with the acquisition of a 72% stake in 2GIS. The deal, just announced, valued the company at 14.3 billion rubles ($205 million at the current exchange rate). Its approval by the antimonopoly authorities is expected in the third quarter of this …

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Siberian smart t-shirt helps athletes and patients monitor health markers

June 1, 2020

Already moving into the commercial sector with a considerable growth potential, plastic-based electronics are already used in several ways. For example, they allow to create flexible solar displays that can be used as wallpaper as well as in sensors on smart clothing, aiming to monitor health markers. A Siberian company called PlusMinus Electronics Lab has …

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Siberian startup raises $4.5 million for alternative tuberculosis, cancer and HIV treatment technology

February 19, 2019

In late January a Russian government fund injected 305 million rubles (around $4.5 million at the current exchange rate) in Personal Medication & Health Management (PM&HM), a Novosibirsk, Siberia-based company that has developed a new approach to tuberculosis, cancer and HIV treatments.  Founded by researchers from the local branch of the Russian Academy of Sciences, PM&HM has designed a …

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Siberian startup secures $1 million to develop “vertical farms” across Russia and Europe

November 11, 2020

iFarm, a Novosibirsk, Siberia-based startup, has just secured $1 million in a round led by Gagarin Capital – the California-based VC firm founded by Nick Davidov and Mikhail Taver – with participation from individual Russian investors. The details of the deal have not been disclosed. This agritech startup builds vertical farms, which “use a footprint …

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Abbyy and Softline invest in document software technologies

October 21, 2018

Abbyy, a Moscow-headquartered global provider of content intelligence solutions and services, has acquired ATAPY Software, as reported by online publication Rusbase. The terms of the deal have not been disclosed. Based in Novosibirsk, Siberia, ATAPY Software provides a variety of custom software development services in the fields of document workflow, document imaging, data capture, optical character recognition (OCR), …

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Cryptocurrency ATMs spring up in Siberia

September 22, 2017

BBFpro, a Novosibirsk, Russia-based bitcoin selling company, has installed ten cryptocurrency ATMs in the city, as reported earlier this month by the Russian media based on company statements. To create the new terminals, the company has rewired traditional ATMs. These have been installed in beverage shops, where the rent is twice lower than in shopping …

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Skolkovo and RVC to launch new venture funds

December 7, 2016

The Skolkovo Foundation will set up three venture capital funds to provide additional sources of funding for startups, said its president Victor Vekselberg in late October at the Open Innovations forum. Funded by the Russian government, the Skolkovo Foundation manages the completion of an international tech hub on the outskirts of Moscow. “Now we’re creating a daughter …

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Siberians use multilayer graphene in next gen flash memory

October 5, 2016

Experiments conducted by scientists at the Novosibirsk-based Rzhanov Institute of Semiconductor Physics show that new multilayer graphene based flash memory can offer much higher IPS (instructions per second) and data storage time values than in analogs based on other materials, portal Science in Siberia reported recently. According to Yuri Novikov, PhD, a senior research fellow at …

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Two Siberian universities to launch joint venture fund

June 13, 2016

Novosibirsk State University (NSU) and Tomsk State University of Control Systems and Radioelectronics (TUSUR) are teaming up to create a joint university venture fund of up to 900 million rubles (nearly $14 million at the current exchange rate) over five years. The partners expect to attract funding from both private and state-owned organizations. The new fund will focus on …

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