Startups

Russian startup to provide flying motorbikes to Dubai police

October 18, 2017

Russian flying motorbikes could soon thrive under Dubai sun, following a memorandum of understanding (MoU) signed by Hoversurf, the Russian startup which has designed these futuristic machines, and the emirate’s police. The agreement was inked last week after Hoversurf demonstrated its motorbike at the GITEX technology week in Dubai. The local police intend to use the flying …

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Russian mobile operator invests $10.8 million in local retail software developer

October 18, 2017

Earlier this month Russian cell phone operator MTS acquired a majority stake (50,82%) in Oblachyi Retail (“cloud retail” in Russian) for 620 million rubles ($10.8 million at the current exchange rate). The news was reported by local online publication Firrma.ru based on its exchanges with MTS. The funding includes 30 million rubles (roughly $525,000) for debt repayment, …

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Russian startup aims to create augmented reality layer on Earth’s surface

October 19, 2017

Since summer 2016 when millions of people ran around trying to catch rare Pokemon in airports, churches and public bathrooms, augmented reality has become a part of our lives. Now, Piligrim XXI offers people the chance to create their own Pokemon, Godzilla or any virtual object anywhere in the world without even having to leave …

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Seedstars reveals 12 promising Russian seed-stage startups

October 13, 2017

Seedstars World, the global seed-stage startup competition for emerging markets and fast-growing startup scenes, is bringing its pre-selection rounds to an end. With the support of the local partners #tceh, HSE and the Swiss embassy, Seedstars World will be holding a pitch event on October 14 at IIDF (FRII), a leading Moscow-based startup investment fund. Thus …

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Russia’s Medme invests in Italian connected healthcare startup

October 11, 2017

Torino-based startup Biotechware has just secured €2 million euros from MEDME Group, a Russian digital health investor targeting Western Europe. Biotechware develops hardware and software solutions to collect and transfer clinical information coming from different sources without altering the information. One of these solutions has been designed to collect and process remotely electrocardiographic (ECG) monitoring …

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Next-gen ad platform aims to tap into post-ICO marketing budgets

October 14, 2017

While the rationale of many Blockchain projects might be beyond common understanding, this one aims to take advantage of a rather obvious market fact: the considerable marketing budgets which are made available after ICOs by companies to promote their project. The idea of AB-Chain, a Hong Kong-registered company with Russian roots, is to create an …

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Russian Miner Coin raises $43 million in ICO to challenge China in bitcoin mining

November 22, 2017

In late September Russian Miner Coin (RMC) raised the equivalent of $43 million through an ICO to create a “next-gen ecosystem for miners and investors,” challenging China in this field. This impressive amount set a new record in the Eastern European ICO scene; however, it is well below the company’s initial $100 million target. Asked about the consequences …

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New Blockchain project seeks to leverage unused SMS in a $70 billion market

October 4, 2017

The creativity of Blockchain entrepreneurs seems to have no limits, but this application is about good old SMS. Many of us have a text-messaging bundle included in their mobile subscription plan, sometimes with an unlimited number of messages. This makes plenty of unused SMS, which we usually don’t even pay attention to. Canopus Technology Ltd., a …

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Russian 3D printer builds houses in 24 hours, attracts $6 million for international expansion

September 26, 2017

Last week Rusnano Sistema Sicar, a Russian private equity fund, announced that it will invest $6 million in Apis Cor, a startup originated from Siberia which has designed a 3D printing technology for the construction industry. The Apis Cor 3D printer is a mobile robot is a mobile robot capable of constructing buildings using fine-grained fibre concrete with special additives. It can build …

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Russian technologies shine at SLUSH Singapore

September 27, 2017

Oz Forensics, a Russian startup developing a cutting-edge document management solution and a graduate of the GenerationS-2016 startup accelerator, has made it to the finale of the competition of this year’s edition of SLUSH Singapore. This top-tier international startup competition is being held as part of the Singapore Week of Innovation & Technology (SWITCH 2017). …

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This robot is entering the US market after automating recruitment in 220 Russian companies

September 23, 2017

Artificial intelligence tends to find applications in virtually every field today, and HR is no exception. A Russian startup called Stafory, launched two years ago with less than $10,000 in capital, has created a recruiting robot called ‘Vera’ (‘faith’ in Russian). Stafory initially developed an online platform intended for companies to interact more efficiently with …

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