According to a report published last week by US publication Business Insider, a range of western tech firms are users of FindFace, a controversial face recognition technology developed by Russian startup NtechLab. FindFace matches faces against social media accounts, regardless of privacy rights, among other facial recognition capabilities. Its approach is similar to that developed by US …
Yesterday SAP announced “further steps” to “support Ukraine” and “plan Russia exit.” As announced in late March, the global enterprise software giant is in the process of shutting down its cloud services in Russia. As part of this process, “we have given non-sanctioned companies in Russia the choice to have their data deleted, sent to them, or migrated …
As Western powers could restrict supplies of IT equipment and support as part of potential sanctions against Russia, Sber is preparing for all scenarios. Last week, as reported by Kommersant, the state-controlled financial giant conducted technical exercises simulating the interruption of technical support from Microsoft, Nvidia, SAP, VMware and other companies. In a bid to gain more …
How Russian customers of Western IT equipment prepare for potential sanctions Read More
While many internationally-oriented Russian startups move to Silicon Valley, or to such European alternatives as Berlin, London or Riga, Branquad made a different choice. This Russian digital commerce startup recently landed in Lille, a large, tech-friendly city in the North of France. Not only does its case provide yet another example of an International Russian …
From Moscow to Lille, France: This startup changes the way retailers fill product cards Read More
Miro, a US enterprise software publisher with Russian roots, announced yesterday a $400 million Series C round. The deal brought the company — known as RealtimeBoard when it was founded in Russia back in 2011 — to an astounding $17.5 billion post-money valuation. Several other unicorns founded or co-founded by Russian entrepreneurs emerged on the global tech scene over the past years — from Badoo, to Personio, to Veeam Software, …
Baring Vostok, a leading Moscow-based PE/VC firm operating essentially in Russia and neighbouring countries, has invested $13 million in a customer data platform for marketing automation called Mindbox. The terms of the deal were not disclosed, but Forbes Russia reported that Baring had received a minority stake in exchange for its investment, while Mindbix employees were …
Baring Vostok invests $13 million in leading Russian marketing automation company Read More
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
Last week Jelastic, a multi-cloud Platform-as-a-Service (PaaS) company established in Silicon Valley with Russian and Ukrainian roots, announced its acquisition by Seattle-based Virtuozzo. The terms of the deal were not disclosed. Jelastic’s cloud services combine platform and container capacities in a single package for hosting providers, enterprises and developers. Virtuozzo is a leader in virtualization and hyperconverged software: its …
Russian and Ukrainian roots, US exit: Jelastic acquired by Virtuozzo Read More
Earlier this week Yandex, the NASDAQ-listed Russian digital giant, announced the incorporation of ClickHouse as a legal entity. This spinoff aims to provide commercial impetus to what was so far essentially a community-led open source activity around distributed database management systems (DBMS). Under plans, new commercial products will be developed — including, for example, a cloud-based version of DBMS …
Yandex teams up with top US funds to commercialize database management solutions Read More
After Veeam Software, Wrike and Magic Lab — to cite just a few recent examples — this is yet another happy exit for a Russian entrepreneur established in the West. Ecwid, a Russian-rooted provider of social commerce solutions for small businesses, is in the process of being acquired by Canadian Lightspeed. This Toronto-listed online and offline retail software major says it is buying …
Russian-born social commerce major Ecwid sold to Canadian Lightspeed for $500 million Read More
A young Californian startup created by four Russians could well become one of tomorrow’s leaders in robotics automation. Two years after inception, it has just raised $20 million from international investors — with a valuation exceeding $100 million, according to Forbes Russia. Thanks to ElectroNeek’s robotic process automation platform, businesses can now create more easily digital workforce and personal assistants. As reported …
Sber (previously know as Sberbank) is demonstrating once again its ambitions in the field of e-commerce with the acquisition of SaaS provider InSales, which was announced yesterday. The state-controlled financial and digital giant has agreed to acquire an 80% stake in InSales for an undisclosed amount. The rest of the shares will remain in the hands …
Sber acquires InSales to help Russian SMEs sell online Read More
