Last week Rusnano Sistema Sicar, a Russian private equity fund, announced that it will invest $6 million in Apis Cor, a startup originated from Siberia which has designed a 3D printing technology for the construction industry. The Apis Cor 3D printer is a mobile robot is a mobile robot capable of constructing buildings using fine-grained fibre concrete with special additives. It can build …
Artificial intelligence tends to find applications in virtually every field today, and HR is no exception. A Russian startup called Stafory, launched two years ago with less than $10,000 in capital, has created a recruiting robot called ‘Vera’ (‘faith’ in Russian). Stafory initially developed an online platform intended for companies to interact more efficiently with …
This robot is entering the US market after automating recruitment in 220 Russian companies Read More
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 …
In a new paper published in the Nature magazine, a group of scientists led by Jacob Biamonte, an associate professor at Skolkovo Institute of Technology (Skoltech), analyzed what steps can be taken to make the most of quantum enhanced machine learning. This a major contributon to help us better understand quantum enhanced machine learning, writes Russia Beyond The Headlines. …
In a bid to help tourists have a more authentic travel experienc, programmers from ITMO University in St. Petersburg have created a computer algorithm that allows travelers to find museums, cafes, streets and other interesting spots based on Instagram posts by local inhabitants. To test the algorithm, scientists analyzed photos taken on Instagram in St. …
Russian new algorithm helps tourists find those secret places that locals love Read More
The deterioration of the US-Russia relationship has not stopped all business ties, including in the field of high technologies. Thus in late August the management of HorizonX, a new subdivision of Boeing set up by the U.S. aerospace giant to search the world for startups offering revolutionary ideas, visited Skolkovo. The Russiant tech hub is one of …
Boeing HorizonX visits Skolkovo in search of game-changing tech startups Read More
Last week at the Eastern Economic Forum three major Russian institutions – the Far East Development Fund, the fund of funds RVC, and nanotech giant Rusnano – signed a partnership to launch a new regional venture fund. Dubbed ‘Far East high tech development and implementation fund,’ the new investment vehicle aims to develop innovation and …
New state-backed venture fund aims to invest $175 million in the Russian Far East Read More
Yesterday IXcellerate, a UK-headquartered operator of datacenters in Russia, announced it has secured a $15 million convertible loan from Goldman Sachs. The bank Goldman Sachs, which will hold a 25% stake after conversion, has become the third key investor in IXcellerate after IFC and Sumitomo Corporation. Since its launch in 2011, IXcellerate has attracted $35 million …
Goldman Sachs invests $15 million in Russian data center Read More
Ride-hailing app inDriver has raised a $5 million Series A round from Leta Capital, TechCrunch reports. This startup from Yakutsk, Siberia has an unusual business model: passengers enter the price they are willing to pay, while drivers accept the orders only upon agreement of the fare. “inDriver does not influence price formation and does not take a commission …
Siberian ride-hailing app with alternative business model secures $5 million Read More
Last week at the Eastern Economic Forum in Vladivostok the Russian Direct Investment Fund (RDIF) and Japan Bank for International Cooperation (JBIC) announced the launch of the Russia-Japan Investment Fund (RJIF), after completion of the registration and establishment procedures. The launch follows a Memorandum of Understanding (MoU) signed in late 2016 in which each party …
Prostor, a major data storage event in Eastern Europe offered by RAIDIX, will hold its third edition on October 26 in Skolkovo on the outskirts of Moscow. The event will bring together system integrators, storage vendors, IT suppliers, hardware manufacturers, representatives of CCTV integrators, media groups, TV channels, post-production studios, telecom companies, government agencies, major …
A new technopark opened its doors in Russia’s Far East port of Vladivostok on Wednesday, with the aim of fostering tech entrepreneurship and startups there with support from the Skolkovo Foundation. The technopark was opened on Russky Island on the first day of the Eastern Economic Forum, which is taking place on the island on September 6-7. …
Russky Technopark opens in Russia’s Far East as home port for innovations Read More
