Startups

Russian IoT startup receives $5.4 million in state money to develop in Western markets

February 24, 2022

Mircod, a Russian “IoT-as-a-service” company, has just received  400 million rubles ($5.4 million) from state-owned development corporation VEB.RF via its affiliate fund VEB Ventures, reports business daily Kommersant.  Established in 2016 in Tatarstan, a tech friendly region of Russia, Mircod enables rapid prototyping of IoT products and solutions. It has developed a “centralized platform to automate the development of IoT …

Russian IoT startup receives $5.4 million in state money to develop in Western markets Read More

Moscow clinics bet on AI-powered medical diagnosis, Russian startup triumphs in South Korea

January 17, 2022

No less than two million preliminary diagnoses using a neural network were made to date in Moscow during medical home visits, city authorities announced last week. “Today, the latest digital tools are used in routine medical practice in all adult polyclinics relies – including a clinical decision support system (CDSS) allowing for AI-powered preliminary diagnoses,” according Moscow’s Department of Information Technologies (DIT). After the practitioner enters the patient’s …

Moscow clinics bet on AI-powered medical diagnosis, Russian startup triumphs in South Korea Read More

New East Tech Awards highlight 11 promising startups from Russia, Estonia, Ukraine

January 21, 2022

On Dec. 22 New East Tech Awards highlighted 11 startups from Eastern Europe operating in a variety of fields. One of the winners is based in Kyiv, Ukraine, three are from Estonia while the others are located in Russia or founded by Russians.  The awarded companies received investment proposals from The Untitled, one of the …

New East Tech Awards highlight 11 promising startups from Russia, Estonia, Ukraine Read More

Russian edtech on the rise: Educate Online and Synchronization attract millions from top VCs, corps and BAs

December 29, 2021

The Russian online education platform Synchronization, launched by in 2015, has raised $2.25 million, reports business daily Kommersant. The round was led by investment holding Avenir and Rusagro co-owner Maxim Basov. The deal also involved Adfirst VC as well as individual investors Stas Korostelev, Mikhail Tsyferov, Anton Volkov and others. The platform offers courses in …

Russian edtech on the rise: Educate Online and Synchronization attract millions from top VCs, corps and BAs Read More

From diamond to unicorn: Aysen Nikolayev, Head of Yakutia, comments on IT developments in world’s coldest region

February 3, 2022

Geographers know Yakutia (also called Republic of Sakha) for its low temperatures, commonly dipping below −35 °C in winter, its capital Yakutsk being the world’s coldest large city. Economists and businessmen are aware of its considerable wealths in terms mineral exploitation, with a focus on diamond, gold, and tin ore mining industries. But Yakutia has also engaged on the road to technology development, with notable achievements in terms …

From diamond to unicorn: Aysen Nikolayev, Head of Yakutia, comments on IT developments in world’s coldest region Read More

Russian-born startup raises $3 million to make students’ education dreams come true

December 14, 2021

StudyFree, an edtech startup born in Russia in 2018, has just secured $3 million to continue its international expansion. The investor pool includes I2BF Global Ventures and TMT Investments, two funds with Russian connections, Techstars, as well as Andrey Doronichev and Mikita Mikado.  The former, Google’s ex-director of product management, is a figure of the Russian-speaking community …

Russian-born startup raises $3 million to make students’ education dreams come true Read More

New East Tech Awards: Highlighting the region’s best startups and investors (deadline: Dec. 17)

December 24, 2021

New East Tech Awards — an event intended for both startups and investors — aims to highlight the strongest players in the VC market and provide them exceptional collaboration opportunities, networking and resources.  Startups from the ‘New East’ (Eastern Europe, Central Asia and the Balkans) as well as VC funds, business angels and accelerators investing in …

New East Tech Awards: Highlighting the region’s best startups and investors (deadline: Dec. 17) Read More

Baring Vostok invests $13 million in leading Russian marketing automation company

December 10, 2021

Baring Vostok, a leading Moscow-based PE/VC firm operating essentially in Russia and neighbouring countries, has invested $13 million in a customer data platform for marketing automation called Mindbox. The terms of the deal were not disclosed, but Forbes Russia reported that Baring had received a minority stake in exchange for its investment, while Mindbix employees were …

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Russian-American startup TraceAir secures $5 million to address “burning needs” in US construction industry

November 30, 2021

Less than one year after securing its Series A round ($3.5 million), TraceAir, a construction software startup with Russian roots, has attracted $5 million from Flashpoint Venture Capital, reports Rusven. Founded in 2015, TraceAir has developed a cloud platform to help construction companies control quality and costs with the help of drone data, smart analytics and an …

Russian-American startup TraceAir secures $5 million to address “burning needs” in US construction industry Read More

Russian digital banking giant Tinkoff acquires payment automation service Jump.Finance

November 26, 2021

Tinkoff, the Russian digital banking giant, has taken control of Just Look, the company behind the Jump.Finance payment automation service. Tinkoff purchased a 51% stake under undisclosed terms. Founded in 2017 by Anton Kirillov (CEO) and Mikhail Kirchenko (CTO), Jump.Finance has asserted itself as a major provider of payment automation software for taxi fleets, car dealers, delivery companies, scrap collector …

Russian digital banking giant Tinkoff acquires payment automation service Jump.Finance Read More

Russian-founded incident management tool Amixr acquired by US major Grafana Labs

November 12, 2021

US open source software platform Grafana Labs has acquired a Russian-founded startup called Amixr. Launched in 2019, this company has developed an incident management platform that allows DevOps and SRE engineers to “optimize channels, recipients, and content” and solve IT problems more rapidly.   Grafana Labs provides a monitoring solution for databases, featuring “beautiful, flexible dashboards” to “create, explore and …

Russian-founded incident management tool Amixr acquired by US major Grafana Labs Read More

Just-born games studio raises $3 million to address “the most exciting and fastest-growing entertainment niche”

November 10, 2021

Kek Entertainment, a Moscow and Cyprus-based “gaming video creator,” has attracted $3 million in pre-seed funding to develop mobile action games. This is “the largest pre-seed round ever in a gaming startup from in Russia or neighboring countries,” the participants in the deal claimed. The company started in September and is hiring. It was founded by two former …

Just-born games studio raises $3 million to address “the most exciting and fastest-growing entertainment niche” Read More

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