Startups

Russian face recognition app now available to Twitter users and Turkish police

November 18, 2024

Now Twitter users can find a random person’s page in the network after taking a photo of them in the street. This functionality — a sort of Shazam for people — is offered by FindFace, an app that can scan Twitter’s database of 313 million active users in less than a second and find a match, if it exists. The app was made available to Twitter …

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Cybersecurity company Wallarm secures $2.3 million after graduating Y Combinator

December 14, 2016

Wallarm, a cybersecurity startup with Russian roots, has just secured $2.3 million in equity funding. The round involved Gagarin Capital — an investment firm which is particularly active in Eastern Europe, having backed MSQRD and Prisma, — Partech Ventures and unnamed individual investors. A resident of Skolkovo, the Russian international tech hub under completion, Wallarm has developed “a complete solution for blocking …

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Russian programmers receive $1.6 million to develop alternative OS

December 13, 2016

BaseALT SPO, a company created by a group of developers headed by Alexey Novodvorsky, has received 100 million rubles (nearly $1.6 million at the current exchange rate) to develop new Linux enterprise class operating systems. The funding was provided by three industry executives, Grigori Sizonenko, Yekaterina Petrova and Vladimir Chepko, via their investment vehicle Financial …

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Well drilling software publisher raises $2 million to increase drilling profitability “up to 5 times”

December 12, 2016

Geosteering Technologies (also known as Geonavigation Technologies or GTI), a Russian developer of software solutions for well drilling, has raised $2 million in a Series B round of funding. The round was led by AYR, a Moscow-based private equity and financial advisory firm, with participation from North Energy Ventures and Phystech Ventures, an earlier investor in the company. The deal, …

Well drilling software publisher raises $2 million to increase drilling profitability “up to 5 times” Read More

Russian startups present their public security solutions in France

December 9, 2016

Amid heightened security alerts in airports, train stations and other public places across the world, Skolkovo startups working on security solutions for crowded places have travelled to France to demonstrate their technologies and search for potential partners. The delegation, which consisted of seven resident companies from the nuclear and IT clusters of the Russian tech hub, embarked …

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Russia set to become Blablacar’s largest market in 2017

November 12, 2020

Blablacar’s activity in Russia has reached a “phenomenal level,” said its co-founder and CEO Nicolas Bruisson in a recent interview with French business daily Les Echos. “Our concept is popular there, there was a demand but little competition,” Bruisson said. He expects Russia to become his company’s number one market, even before France, in 2017. The French …

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Food giant Cherkizovo teams up with Skolkovo to launch startup accelerator

November 28, 2016

Skolkovo, the international tech hub under completion on the outskirts of Moscow, has signed an agreement with Cherkizovo Group, a major Russian meat producer, to create a startup accelerator in the fields of biotech in agriculture and industry. Cherkizovo will rent 120 sq. m. in the technopark to provide a co-working and testing areas, along …

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Russian online rental service launches in Ukraine

November 17, 2016

In early November The Locals, a Russian online platform for apartment rentals, made its debut in Ukraine — just days after Yandex.Taxi, another service from Russia, entered the market. Launched in 2010, the service covers Russian cities Moscow, Saint Petersburg and Kazan. Following the extension to Kyiv (Kiev), The Locals is planning launch in Warsaw and Tel Aviv “in a couple of …

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Intento aims to build “the Google for IM and chat bot content”

July 13, 2020

As instant messengers (IM) are getting increased traction — even more than the classic Internet and social networks for certain user categories — Intento offers a new way to explore their content, which is generally ignored by traditional search engines. The startup claims to have developed “the only automatic crawl-and-search engine indexing the content of …

Intento aims to build “the Google for IM and chat bot content” Read More

Mail.ru Group acquires Rocket Internet’s Russian food delivery business for $100 million

November 3, 2016

Today Mail.ru Group, a leading, LSE-listed Russian Internet company, announced the acquisition Delivery Club, the number one food delivery company in Russia owned by Rocket Internet’s Foodpanda. The Russian group is acquiring 100% of Delivery Club for $100 million in an all cash transaction, with 90% of the amount to be paid in November and the remaining part …

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Russian startup Marvelmind Robotics wins first prize at Slush Shanghai

November 1, 2016

Marvelmind Robotics, a Russian startup developing an indoor GPS technology, has won the first prize of 5 million yuan ($740,000) at the Slush Shanghai contest for the best seed-stage companies. The startup is a resident of the space cluster of Skolkovo, the international tech hub under completion on the outskirts of Moscow. The startup’s high-precision navigation technology is intended for use …

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1C acquires majority stake in CRM solution provider

November 1, 2016

Affirming itself as one of the most active startup acquirers among Russian corporations, 1C, a leading enterprise software publisher, has acquired a 51% stake in amoCRM. The news was reported yesterday by online publication VC.RU based on an exchange with amoCRM’s CEO Mikhail Tokovinin. The amount and the terms of the transaction have not been disclosed. Tokovinin …

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