Co-founded in 2012 by Maria Dokshina, Evgeny Gavrilin and Ruslan Tugushev, Russian crowdfunding platform Boomstarter is delving into the cryptosphere. The company has just announced that it “raised $1 million in early financing as venture funds and private companies join its ongoing token sale.” While still operating its classic crowdfunding site, Boomstarter.ru, the company now aims to launch “the first …
In late June SDL, a UK-based developer of language translation technologies, announced that its solution, a next-gen Neural Machine Translation 2.0, has learned to translate from Russian to English with “over 90% of its output labelled as perfect by professional Russian-English translators.” “A machine running SDL NMT 2.0 can now produce translations of Russian text …
UK company launches Russian-to-English “Neural Machine Translation” with 90% accuracy Read More
Tezis.io, a Russian startup that helps its users invest in stocks from Russian and US companies, has just secured some $1 million from Target Global Fintech Opportunities Fund (TGFOF) with participation from business angel Nikita Mikhin. Launched in 2016, Tezis currently claims to serve 6,000 individuals and as well as two Russian brokerage companies, Aton and …
Russian fintech startup Tezis.io secures $1 million, prepares for international expansion Read More
Russian local service startup Pay-Z has just launched a “pay by app” solution for shopping aficionados to avoid standing in queues. Pay-Z users may scan barcodes of the chosen goods, which automatically adds them to an online cart. Customers will settle their purchase through a special terminal by a check-out lane, or directly through the app. …
Russian startup launches app to shop without queueing Read More
Larnabel Ventures, a Moscow-based company founded by the Gutseriev family to invest in IT, and VP Capital, a venture fund backed by Belarusian businessman Viktor Prokopenya, have teamed up to invest $2 million in Read2play, as reported by VentureBeat earlier this month. Developed by Belarusian AI startup FaceMetrics, this app presents itself as “not just …
Russian and Belarusian funds invest $2 million in AI startup Read More
DST Global, a major global venture fund managed by Russian billionaire Yuri Milner, led a $210 million round for the Indian food delivery startup Swiggy, TechCrunch has reported. Another leading investor was the startup’s earlier backer Naspers. The round brought the company to a $1.3 billion valuation. According to CrunchBase, Swiggy has raised to date $465.5 …
DST Global leads giant round for Indian food delivery startup Read More
Under the five-year contract, US Lighting Group, a major producer of LED bulbs, gains the exclusive rights (for $600,000) to sell Promobot’s friendly, talking promotional robots in the U.S., and has put down an advance order for more than 2,000 robots, worth $56 million. “This is one of the biggest deals in the history of …
Russian robot maker strikes giant deal with US company Read More
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 …
American-Russian web server publisher Nginx secures $43 million from Goldman Sachs Read More
Konstantin Khabensky, a famous Russian actor and director, has teamed up with Ilya Zibarev, the ex-chairman of the bank Russian standard, and Nick Evdokimov, the founder of ICOBox, an ICO suport service provider, to launch Cinematix. The news was reported last week by Russian business daily Kommersant. Touted as “the world’s first platform for mass-producing ICOs for …
From May 29 to June 1, thousands of tech entrepreneurs, inventors, scientists, corporates and investors from some 80 countries gathered in Startup Village, a annual giant two-day event. This open-air conference and exhibition took place in Skolkovo, the international tech hub nearing completion on the outskirts of Moscow. Skolkovo’s two-day open-air Startup Village is the biggest event …
Sistema VC, the venture arm of the Russian conglomerate Sistema, has taken part in a $26.4 million Series B round for SQream, a New York-headquartered startup offering a GPU database “for fast, scalable SQL analytics.” Announced on May 30, the round was led by Alibaba Group with participation from existing and new investors including Hanaco …
Sistema VC teams up with Alibaba Group to invest in US-based Big Data startup Read More
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 …
Sistema VC leads $2.5 million round for US-Russian startup TraceAir Read More
