Software

Corel acquires leading cross-platform solution publisher Parallels

December 25, 2018

Parallels, a global leader in cross-platform solutions founded in 2000, has been acquired by the Canadian software giant Corel. As a result, “Corel now offers the complete Parallels product line as part of its industry-leading software portfolio,” according to a corporate statement published Dec. 20. Parallels’ products – including its popular software for running Windows on Mac …

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Russian and Belarusian investors back AR technology developer Banuba

December 4, 2018

Larnabel Ventures, a company founded by Russian businessman Said Gutseriev, and VP Capital, a venture fund backed by Belarusian businessman Viktor Prokopenya, have teamed up to invest $7 million in Banuba. Born in Belarus but now registered in Hong Kong and operating internationally, this startup develops innovative AI technologies and AR apps. Users are provided with an experience …

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Russian-founded software publisher RealtimeBoard raises $25 million in California

January 9, 2019

RealtimeBoard, a startup with Russian roots which offers a visual collaboration tool for distributed teams, has raised $25 million in California. This Series A funding round was led by Accel, with participation from existing investor AltaIR Capital, a seed stage fund with Russian and Israeli roots. Another investor in RealtimeBoard is Dutch businessman Bas Godska, …

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Yandex.Taxi asserts market leadership, announces new acquisitions

November 12, 2020

Several news came last month from Yandex.Taxi, the taxi-hailing company which merged activities in Russia and some neighboring countries with Uber earlier this year. The company  bought the software assets of a Moscow-based company, Nowtaxi. The software supports the accounting of operations with affiliated drivers and provides related analytics. Formally, the software assets, not the company, have …

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IT security startup Wallarm raises $8 million to continue its Russian-American success story

October 23, 2018

Wallarm, a cybersecurity startup with Russian roots, announced yesterday the completion of a $8 million round in California. The round was led by Toba Capital with participation from Partech Ventures and Gagarin Capital (which had invested in the company’s previous round) and Y Combinator (from which Wallarm graduated in 2016). “Given the growing sophistication of …

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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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Russian-founded startup raises $5.7 million to help crowdworkers and data scientists work together

August 14, 2018

Dbrain, a startup that “turns raw data into real-world AI,” has just raised $5.7 million from Angelvest and Bitfury Group. Two distinct deals were closed in late July, the startup’s press service told us: an equity and a private token sale, of $3 million and $2.7 million respectively, with a group of cryptocurrency traders contributing to the token sale. …

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E-commerce SaaS publisher PimPay secures more than $3 million from IIDF

July 24, 2018

Last week the Internet Initiatives Development Fund (IIDF, or FRII in Russian), Russia’s biggest fund for early-stage startups, announced that it invested 200 million rubles (around $3.1 million at the current exchange rate) in the microcredit and factoring startup PimPay. The fund has received a minority share; no other details of the deals have been disclosed. The PimPay …

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American-Russian web server publisher Nginx secures $43 million from Goldman Sachs

March 12, 2019

Yesterday Nginx (pronounced “engine-x”), a US-based open source web server publisher with Russian origins, announced a  $43 million Series C round led by Goldman Sachs Growth Equity. Ngnix’s founder, Igor Sysoev, is a former system administrator at Rambler, a pioneer Russian web company. He initially released his server software in 2004 and has been developing his web server solution since …

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Russia’s Softline acquires stake in Norwegian Crayon

June 14, 2018

Softline, a Moscow-based international software licensor and IT service provider, has acquired a minority stake in its Norwegian IT counterpart Crayon, the company announced earlier this month. Although the amount of the deal has not been disclosed, Russian business daily Vedomosti reports that Softline may have put around $12 million on the table to acquire …

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Sistema VC leads $2.5 million round for US-Russian startup TraceAir

May 21, 2018

Sistema VC, the venture arm of the Russian conglomerate Sistema, led a $2.5 million pre-A round for TraceAir, a US-Russian startup which develops construction automation solutions, the fund announced last week. Other participants in the round include US companies Engeo, a provider of geotechnical and environmental services, and Independent Construction Co., which owns “one of the …

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Startup with Russian roots aims to build “universal AR infrastructure” and deploy its “Digital Land” across the world

March 19, 2018

A startup named Arcona is developing a “universal augmented-reality infrastructure,” aiming nothing short of building “a blockchain ecosystem” and “an AR layer to merge together real and virtual worlds.” Arcona says its project makes use of the latest scientific achievements in the fields of computer vision, prototyping and neurobiology. It is building upon the technologies developed …

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