Softline Venture Partners, the venture arm of Russian software giant Softline, has invested in T-1 Group, a provider of B2B and B2C telematics solutions and navigation technologies. No details of the transaction were disclosed. “The acquisition of a stake in T-1 Group is an investment in the rapid growth of the transport telematics market, which is simply …
As Russian e-commerce, boosted by the pandemic, is breaking records, service and solution provider PIM Solutions has just received a capital injection of 100 million rubles ($1.3 million at today’s exchange rate) from business angel Dmitry Zobnin. The valuation of the company has reached 2 billion rubles (around $26 million), as Zobnin received a 5.13% …
E-commerce provider secures $1.3 million from Russian business angel Read More
TraceAir, a construction software startup with Russian roots, announces the completion of its Series A $3.5 million round. It was led by London-based XTX Ventures with participation from Liquid 2 Ventures, GEM Capital, GPS Ventures, Andrew Filev (CEO Wrike), Metropolis.VC (which invested in a previous round) as well as US construction industry majors Independent Construction and ENGEO. TraceAir has developed a cloud platform to help construction companies …
For the second time in less than 18 months, Sistema_VC, one of the venture investment vehicles of Russian conglomerate Sistema, has backed UK agrotech startup KisanHub. The latest round, announced last week, provided £1.12 million ($1.49 million) to the Cambridge-headquartered startup. The round was led by Low Carbon Innovation Fund II (LCIF2) with co-investment matching coming from …
Russian corporate fund Sistema_VC backs again UK agritech startup KisanHub Read More
X5 Retail Group, a leading Russian food retailer, is deploying a robotic telephone platform based on advanced speech technologies. Used to handle incoming calls and make outgoing calls without human intervention, the group’s new voice assistants simulate dialogue with customers and help resolve their issues. “After the caller formulates a question, the bot uses complex machine learning algorithms and accumulated data to identify the …
Russian retail giant X5 uses advanced speech technologies to automate call centers Read More
Flashpoint VC — an international investor previously known as Buran VC — has launched an international startup challenge dedicated to SaaS technologies. The challenge is open to Seed and post-seed companies with an MRR of $10,000-$100,000 and no more than $3 million raised. The targeted segments are AI, DevOps, Remote work & productivity tools, HealthTech and …
Moscow-based Kaspersky Lab, one of the world’s top cyber security vendors, has increased its stake in New Cloud Technologies (NCT) from 29.5% to 47%, the Kommersant business daily reported. These shares were sold by company founder Andrey Cheglakov. Kaspersky acquired its initial 29.5% stake in May last year. Launched in 2013 — now with offices in Moscow, St. …
Kaspersky purchases additional stake in Russian cloud solution provider Read More
Intento, a startup with Russian roots, has secured a $3 million seed round, reports CrunchBase. Konstantin Savenkov, CEO, started the Berkeley, California-based company in 2016 with Grigory Sapunov, a deep learning and artificial intelligence expert who had worked five years at Yandex. Initially, as reported by East-West Digital News, Intento positioned its solution as a new way to …
Miro, a Californian startup with Russian roots previously known as RealtimeBoard, announced yesterday a $50 million Series B round. The funding came from Iconiq Capital – a Silicon Valley fund backed by such tech billionaires as Mark Zuckerberg and Jack Dorsey – with Accel and several individual investors also contributing to the round. The detail of the deal were …
A Russian-born ‘soonicorn,’ Miro raises $50 million from Silicon Valley tech billionaires Read More
Avito, the Russian online classifieds giant – which Naspers acquired in 2015-2019 for nearly $3 billion – has purchased a controlling stake (51%) in Russian software publisher MaxPoster. Operating from its Moscow and St. Petersburg offices, this company provides software solutions to estimate the value of used cars, manage classifieds to sell the cars, and …
Avito acquires controlling stake in used car software publisher Read More
Veeam Software, a global leader in cloud data management software, is to be acquired by top software investor Insight Partners. The deal, which values Veeam at “approximately $5 billion,” is expected to be closed in March. “Veeam has enjoyed rapid global growth over the last decade and we see tremendous opportunity for future growth, particularly …
Russian-founded Veeam Software sold for $5 billion to major US investor Read More
Last week Voximplant, a US-headquarter provider of innovative CRM solutions, announced it raised $10 million from Baring Vostok and RTP Ventures. Baring Vostok is the leading Russian PE and VC firm, which sadly made the headlines this year with the arrest of its US founder Michael Calvey in Moscow. The RTP Ventures fund is a …
Next-gen Russian CRM technology backed by major funds to conquer US market Read More
