Startups

Russian programmers launch neural network-based food discovery app in US cities

October 3, 2016

After Prisma, the much-hyped mobile app that instantly transforms pictures into artwork, and Artisto, a similar app for videos, Russian programmers are affirming their particular talent in developing technologies inspired by neural networks. This time, this approach is being applied to food recommendations with ‘Borsch,’ a new mobile service launched over the past weeks in …

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From New York to Kiev: Russian ad tech company expands internationally

August 22, 2016

GetIntent, an international programmatic technology solution provider with Russian roots, is coming to Ukraine, Russian tech blog Firrma reported last week. The company will offer its solutions on the Ukrainian market via a local partner, Programmatic Media. GetIntent’s story illustrates the current go-global trend among Russian startups. Founded in 2013 by Russian mathematicians George Levin and …

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Swedish fund Vostok New Ventures injects $2.5 million in Moscow-based OTA Onetwotrip

November 12, 2020

Earlier this month Vostok New Ventures, an invesment company listed on Nasdaq Stockholm (formerly known as Vostok Nafta Investment), has injected an additional $2.5 million in Moscow-based online travel agency Onetwotrip.com. This transaction was announced in the company’s H1 2016 activity report, which was published last week. The Swedish fund had already invested $4 million in …

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SEC suspends ‘tech miracle’ from Siberia after stock value soared to $35 billion

November 18, 2024

Yesterday the Securities and Exchange Commission suspended trading in the securities of Neuromama (NERO), a tiny Internet company with Russian roots, “because of concerns regarding the accuracy and adequacy of information in the marketplace.” Based on the latest transactions on over-the-counter markets in the USA, the company’s capitalization exceeds $35 billion — more than Tesla or Gazprom. Neuromama’s stock …

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US restaurant solution provider acquires Russian startup iqPOSitive

August 19, 2016

iqPOSitive, a Russian developer of automation solutions for restaurant businesses, has been acquired by Revel Systems, a San Francisco-based company operating in the same field. The transaction, which took place in May, has just been revealed by the Russian media. The terms of the acquisition have not been disclosed, but iqPOSitive’s founder Timur Bagaev said we was …

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10 Russian and Ukrainian startups land in US market via NYC accelerator

August 13, 2016

Next week the New York-based Starta Accelerator will commence its second acceleration program for tech startups from Russia, Ukraine, and Belarus. Ten startups were selected from 209 applicants, and their founders will come to New York City on August 15 for a 14-week acceleration program. They will have the opportunity to develop their business in the U.S. and to attract another round of investment from …

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Andrej Bievetski of SAP Labs: “SAP certification may help Russian startups enter completely new markets and access our enormous client base”

August 5, 2016

When multinational corporations work with small startups, it’s always a two-way process, believes Andrej Bievetski, managing director of SAP Labs in the CIS, the local R&D arm of the German software giant. Bievetski, who has been working for SAP for 17 years, took over the running of SAP Labs in March, and a major part …

Andrej Bievetski of SAP Labs: “SAP certification may help Russian startups enter completely new markets and access our enormous client base” Read More

Russian teenager’s venture fund gives hope to child entrepreneurs

August 3, 2016

Denis Shelestov, a 17-year-old schoolboy from the small town of Elabuga in Tatarstan, already has several successful startups under his belt. Now he has launched the investment company Shelest Ventures with Kazan business angel Ramilem Ibragimov. All of the company’s $15,000 are partners’ personal money, and Denis plans to invest it in startups created by other children. Shelestov believes children can create …

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Target Global invests in food delivery startups in Russia and globally

July 26, 2016

Showing an irrepressible appetite for food delivery startups, Target Global, an international venture fund with Russian backers, has just announced its participation in two new investment deals in this field. As reported by Russian business daily Vedomosti, the fund has led a $1 million funding round for Foodfox.ru. Also participating in the round were several individual investors, including …

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After 10 million downloads on iOS, Prisma now lets Android users turn their photos into works of art

October 3, 2016

What should a startup do when it find itself sitting on one of the hit apps of the year? Make it available to more people, of course. And that’s exactly what the Russian team behind the much-hyped Prisma has done with the Android launch over the weekend of an app that had been restricted to iOS for the past six …

After 10 million downloads on iOS, Prisma now lets Android users turn their photos into works of art Read More

The end of privacy: A hard look at FindFace

July 19, 2016

The FindFace mobile app, which makes it possible to find a random person’s social-media page on Vkontakte after taking a photo of them in the street, has made news headlines for its use in experimental art projects and bullying women who appear in pornography. Daniil Turovsky, special correspondent for independent online publication Meduza, sat down with the authors …

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Findo raises $4 million to solve your ‘infobesity’ headache with A.I. and a smart search assistant

April 14, 2017

Findo, an artificial intelligence (A.I.) startup that’s setting out to help people find information buried in documents, files, email attachments, and more, has announced a $3 million funding round from Flint Capital, a fund with Russian roots, with an additional $1 million expected from a handful of “well-known” Silicon Valley angel investors. The news comes …

Findo raises $4 million to solve your ‘infobesity’ headache with A.I. and a smart search assistant Read More

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