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 …
Elevator Ventures, Raiffeisen Bank International’s corporate fund, and Speedinvest, a major Berlin-based VC fund, are backing Russian agritech startup Agro.Club in a $1.5 million seed funding round. Founded in 2018, Agro.Club defines itself as “a mobile platform connecting growers, their suppliers and crop purchasers into a single network.” It says it is building “an efficient …
In only a year Factorin, a young technology company was able to change the trade finance market in Russia. The distributed platform automates the interaction of the customers’, suppliers’ and factors’ accounting systems, and removes all manual work in the preparation, verification, and approval of documents. Factorin reduces the overhead costs of all processes and …
How blockchain platform Factorin is transforming Russia’s trade finance market Read More
Sberbank, the state-controlled finance and technology giant, has invested 10 million rubles (around $150,000) in e-signature service Legium.io. As reported last week by Kommersant, Sberbank has received a 8.06% stake in the startup. Legium.io was one of the startups which went through a joint acceleration program by Sberbank and 500 Startups last year.
Already moving into the commercial sector with a considerable growth potential, plastic-based electronics are already used in several ways. For example, they allow to create flexible solar displays that can be used as wallpaper as well as in sensors on smart clothing, aiming to monitor health markers. A Siberian company called PlusMinus Electronics Lab has …
Siberian smart t-shirt helps athletes and patients monitor health markers Read More
Russian video platform Viqeo has announced the acquisition of Suggestv, a UK adtech company, as reported by RB.ru. The terms of the deal were not disclosed. Founded in 2015, Suggestv uses machine learning to increase video views for publishers. These may “automate the embedding of video content in-article to build a predictable pre-roll revenue model and unlock new …
Russian video publishing startup acquires UK company to get stronger and go global Read More
Ecwid, a leading provider of social commerce solutions for small businesses, has just secured $42 million from Morgan Stanley and PeakSpan Capital. Using 54 languages to serve 1.5 million businesses across the world, Ecwid has made a long way since it was born in Ulyanovsk, 720 km east from Moscow, 10 years ago. Now headquartered …
Russian-born social commerce major raises $42 million in Silicon Valley Read More
Many tech entrepreneurs from Russia and neighboring countries tend to establish their startup abroad – in the USA, the EU, or Asia – as they reach a certain level of maturity, or even from the very start. The reasons for the startup drain include the limited size of the domestic market, the lack of locally-available …
Startup drain: Russian tech entrepreneurs smash it in Europe Read More
Yadro, a major vendor of hardware data storage systems controlled by Alisher Usmanov , has acquired a 51% stake in notAnotherOne. Founded in 2013, notAnotherOne is a full-cycle developer and manufacturer of innovative consumer and business electronics. The company focuses on industrial design, technology research, hardware design and cloud solution integration. notAnotherOne claims to have developed and manufactured six mobile apps, four cloud solutions and more than …
Russian oligarch Alisher Usmanov extends his tech empire to smart device manufacturer Read More
Last week Russia’s Speech Technology Center (STC) and ITMO University saw their speaker diarisation and speech recognition technology win an international contest, the CHiME Speech Separation and Recognition Challenge (CHiME-6). The technology demonstrated a superior ability to recognise English speech from multiple microphones in a natural, noisy environment. It took the first place the most difficult …
Speech recognition technology from Russia stands out at international contest Read More
French Tech, a government-backed initiative aiming to support French startups and tech entrepreneurs across the world, launched its Moscow chapter in 2015. The community now gathers some 200 members, including tech entrepreneurs, representatives of French and Russian tech companies, funds and accelerators, as well as key institutions. French Tech Moscow has published on Medium a …
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
