Startups

From cloud to blockchain, Russian startup aims to make online gaming accessible to all

May 26, 2021

The Russian gaming technology startup Playkey, which has asserted itself as notable player on the global cloud gaming scene, was born just five years ago out of a child’s dreams. Its founder, Egor Guriev, has been passionate about computer games since he was a schoolboy, when he saved on meals and textbooks to buy his …

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This 19-year-old Russian tech genius wants to “make the web decentralized again”

October 29, 2018

DeNet, a startup co-founded by a 19-year-old programmer and senior industry professionals, aims nothing short of disrupting the way web hosting works today. “We are bringing it back to the original idea of decentralization,” says Denis Shelestov, the company’s young CTO. DeNet believes the way the Internet operates these days is a vast digression from …

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“Startup Innovation and Investment in Emerging Europe:” A groundbreaking research released by EWDN

February 27, 2018

How do the local startup scenes look like in Estonia, Poland, Russia, Ukraine — but also in lesser known countries, from Bosnia-Herzegovina, to Moldova, to Georgia? How much do VCs invest these countries? Are corporations involved in these emerging ecosystems? Which are the most well-funded startups, and which younger ones should be followed? Why do so many …

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Next-gen cancer diagnosis lab opens at Skolkovo

February 6, 2018

In late January the Russian startup UNIM opened the country’s first digital cancer lab at Skolkovo, the international tech hub under completion on the outskirts of Moscow. UNIM uses Digital Pathology – the conversion of glass slides into digital slides – to allow patients to obtain a histological, immunohistochemical or molecular analysis of their tumour and consultation on …

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Russian robot to help recruit 25,000 people in Dubai

February 2, 2018

Earlier this week Russian startup Stafory announced a partnership with Alroid Group to commercialize Vera, its AI-powered recruiting robot, in the United Arab Emirates (UAE). Vera goes along the recruitment chain, from search and selection of potential employees across the largest recruitment sites, to calls and invitation of suitable applicants, to a video or face-to-face interview. “Hello! …

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2 acquisitions and 1 ICO: the Russian eSports market is heating up 

February 2, 2018

The beginning of this year saw major moves on the Russian eSports scene, a sizable European market with established players operating globally. Thus, last week Mail.Ru Group — an LSE-listed Internet company which controls the largest Russian-language social networks and a range of online gaming companies — announced the full acquisition of ESforce. This company, …

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VEB Innovations to invest $3.5 million in Russian retail systems developer

January 24, 2018

VEB Innovations, the venture arm of Vnesheconombank supporting innovative projects, is planning to invest up to 200 million rubles  ($3.5 million at the current exchange rate) in Compo, a Russian developer and manufacturer of automated retail solutions. Compo is planning to use the financing to develop sales on the global market. Currently, the company is …

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Online education platform Skyeng attracts investment from PE giant Baring Vostok at $100 million valuation

January 23, 2018

Baring Vostok has invested an undisclosed amount in online education platform Skyeng, with specializes in English teaching. Confirming the deal, a Baring Vostok representative told Russian business daily Kommersant that the fund acquired a minority stake. Skyeng, a Moscow-based startup launched in 2012, claims to have generated 725 million rubles (around $12.5 million) in revenue last …

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Skolkovo startups out in force at CES in Las Vegas

January 18, 2018

Several resident startups of Skolkovo, the international tech hub under completion on the outskirts of Moscow, took their products and technologies to Las Vegas last week for CES, one of the world’s biggest consumer technologies exhibitions and conferences, which ran from January 9 to 12. Promobot robots take a break with their creators after a busy …

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How a Soviet-born engineer decided to create “the Android of IoT”

December 28, 2017

Rightech, a Moscow-based startup, is working on developing a platform for Internet of Things, which it hopes will become some kind of “Android of IoT”. Currently, Rightech provides IoT services, such as data storage, processing and transfer, as part of its IoT Cloud. This platform allows programmers to develop and modify IoT applications without even …

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AddVenture invests in Greek and Spanish online services

December 17, 2017

AddVenture, a major Russian venture fund, has invested $500,000 into the Spanish same-day laundry and dry-cleaning online service MrJeff in exchange for a 10% stake in the company. The news was reported by the Russian online publication Firrma.ru earlier this week. Touted as “the laundry revolution,” this subscription-based service claims to have over 15,000 clients in …

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Russian cloud gaming startup Playkey raises nearly $11 million in ICO, targets Asian and American markets

December 7, 2017

Playkey, a Russian startup whose technology allows users to play the latest video games on low-performance computers, raised more than $10.5 million in its ICO which ended on Dec. 1. This amount comes in addition to some $4 million raised during a pre-ICO sale in October. In the course of the ICO, no less than …

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