Regions & cities

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

This techie from a small Siberian town co-owns a $6 billion German HR tech startup

October 26, 2021

The impressive list of Russian entrepreneurs involved in multi billion dollar tech companies — from Pavel Durov (VK, Telegram), to Andrew Filev (Wrike), to Nikolay Storonsky (Revolut), to Ratmir Timashev (Veeam Software), and many more — is not coming to an end. 31-year-old Arseniy Vershinin,  who was born in Ulan Ude, a small town in Siberia, is also one of them. A …

This techie from a small Siberian town co-owns a $6 billion German HR tech startup Read More

Now a top global crypto mining location, Russia considers introducing higher energy tariffs

October 19, 2021

Russia has become one of the world’s top three locations for bitcoin mining activity, following China’s crackdown on crypto earlier this year.  In August 2021, according to the Cambridge Bitcoin Electricity Consumption Index,  bitcoin miners in Russia accounted for 13.6% of the total global BTC mining hash rate distribution, bested by only the United States (26.2%) and Kazakhstan (21.9%). Energy consumption has grown …

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Moscow metro introduces “world’s first” pay-by-face system

October 15, 2021

The Moscow Metro on Friday rolled out what authorities have touted as the world’s first fare payment system based on facial recognition technology. The cashless, cardless and phone-less system, called ‘Face Pay,’ has been fitted at special turnstiles across the Russian capital’s more than 240 metro stations. “To enter the metro, passengers won’t need a …

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Skoltech and IBM researchers create energy-efficient optical switch for next-gen computers

September 25, 2021

An international research team led by Skoltech and IBMResearch has created an extremely energy-efficient optical switch that could replace electronic transistors in a new generation of computers manipulating photons rather than electrons. In addition to direct power saving, the switch requires no cooling and is really fast: at 1 trillion operations per second, it is …

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New Russian fund intends to invest $100 million in AI/ML projects across Europe and Israel

September 14, 2021

The Russian investment club Promising Projects and the AI Cluster of the Novosibirsk Akademgorodok have teamed up to launch a $100 million fund focusing on AI, ML, data mathematics and cybersecurity. Dubbed ‘AI 1 Ventures’ and incorporated in Luxembourg, the new fund targets such areas as Eastern and Western Europe, including the Baltic states, as well as Israel. Tickets from $250,000 to $5 …

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Russia’s Hermitage experiments with NFTs, “an aesthetic of possession”

September 10, 2021

Russia’s Hermitage Museum, one of the world’s largest art collection, has sold digital copies of several masterpieces in the form of non-fungible tokens (NFT). The auction, in partnership with cryptocurrency exchange Binance, took place from August 31 to September 7. A limited series of NFTs were brought out, featuring digital reproductions of Leonardo da Vinci’s Madonna Litta,  Giorgione’s Judith, Vincent van Gogh’s Lilac …

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St. Petersburg startup makes handbags, fashion accessories and items of home decor from 99% repurposed plastic

August 19, 2021

Three enthusiasts and an old garage is all it took to make a plastic-processing machine and then launch 99recycle, a brand that is now renowned across St. Petersburg for its handbags, fashion accessories and items of home decor made from processed plastic and textiles. The story of how it happened told by the brand’s co-founder Anton Rykachevsky …

St. Petersburg startup makes handbags, fashion accessories and items of home decor from 99% repurposed plastic Read More

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

Moscow city creates heat map of taxi rides

July 16, 2021

The Moscow city authorities are introducing ‘PROtraffic,’ a heat map [data visualization technique — editor] showing the magnitude of a taxi traffic in the city, based on data from the mobile apps of taxi service aggregators.  Intended to “help solve a number of transport problems in the capital,” this online service shows taxi ride distribution across the city by …

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Skolkovo companies demonstrate VR healthcare systems in Dubai

July 8, 2021

On June 21-24, resident companies from Skolkovo, Russia’s top international tech hub, took part in a business mission to Arab Health 2021. The companies Geotar, VRSim, MEDVR, and The Psycho Hyperreality drew attention as they demonstrated their virtual reality solutions. Virtual reality technologies are part of an up-and-coming market that is spreading across multiple sectors, including construction, gaming, medicine, engineering, etc. Given …

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