Startups

Russian startup VisionLabs teams up with Facebook and Google to teach machines to see

April 14, 2017

VisionLabs, a facial recognition, data analysis and robotics company, has created an open-source computer vision platform using funding from Facebook and Google. Founded in 2012, VisionLabs is a resident of Skolkovo, the international tech hub under completion on the outskirts of Moscow. The Russian company created the new resource by integrating two popular libraries for developers …

Russian startup VisionLabs teams up with Facebook and Google to teach machines to see Read More

Impulse VC and Phystech Ventures invest in UK-based startup to “apply biological intelligence to branding”

June 3, 2016

In yet another illustration of the internationalization of Russian venture capital, two funds with Russian roots, Impulse VC and Phystech Ventures, have invested in UK adtech startup Locomizer. The seed round, which amounts to $300,000, may be followed by additional capital injections of up to $1.5 million by the end of this year. This startup — which also has Russian roots — claims …

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Findo raises $3 million to help you find files and documents through natural language queries

April 14, 2017

A new artificial intelligence (AI) startup has raised $3 million and launched its first product to help people find information buried in documents, files, email attachments, and more. Christened Findo, this startup is the brainchild of David Yang, a prominent tech entrepreneur with a Russian background, and Gary Fowler, a US startup entrepreneur and mentor who has introduced many Eastern …

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Skolkovo residents seek to print satellites directly in space

May 19, 2016

A 3D printer for use in space is the end goal of a joint project between two Russian companies – Sputnix and Anisoprint – and Moscow Polytechnic University. The device will be able to print construction elements of microsatellites using composite materials while in orbit, its creators say. The project combines the experience of Anisoprint in the …

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Russia’s Run Capital leads £1 million seed round in UK satellite data company

May 6, 2016

Illustrating the invest-abroad trend among Russian VCs, Run Capital has led a seed financing round of more than £1 million to support the international expansion of UK-based satellite-driven data analytics provider Rezatec. The deal was announced in late April. The Harvard Business School Alumni Angels also took part in the round along with Rezatec’s existing shareholders. Rezatec will …

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Touch Bank CEO Andrei Kozliar on how to create a digital-only bank in Russia

May 2, 2016

Touch Bank, a digital-only bank launched last year in Russia, already claims 70,000 clients across the country, with the customer base growing at an average rate of 10,000 new customers a month. While initial launch products for the Russian market were credit card, cash loan, deposit account, and current account, as well as a cash-back loyalty program, the bank has gradually started …

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Award-winning Russian face recognition technology used to harass young women and track pyromaniacs

September 29, 2020

A face recognition app called ‘FindFace‘ is sparking controversy in Russia over the destructive power of new technologies with regards to user privacy. Released in February by NtechLab, a startup established last year in Moscow, FindFace helps put names to faces on a picture. Combining facial recognition software with neural networks, the app will automatically match the image to people’s social media pages on Vkontakte, …

Award-winning Russian face recognition technology used to harass young women and track pyromaniacs Read More

Russian company lends IT hand to forensic analysts, stadiums and shopping malls

April 28, 2016

Vocord, a Russian company created in 1999, has made the news several times over the past few years with its innovative products. One of its latest solutions has been designed to analyze digital photos and video materials with applications in the field of forensics. Another innovation, in the field of biometric face recognition, aims to increase security in public …

Russian company lends IT hand to forensic analysts, stadiums and shopping malls Read More

Russian startup Timescenery secures $600,000 to provide “all trip plans” to travelers

April 10, 2016

Timescenery, a Russian startup that offers “a new approach to travel, leisure, personal and business time management,” has raised $600,000 from RIO, a Moscow-based asset management company. The investor has received a 15% stake in the company, which has been valued at $4 million, Rusbase reported last week, citing representatives from the startup and from …

Russian startup Timescenery secures $600,000 to provide “all trip plans” to travelers Read More

Video ad startup Virool raises $12 million to “make advertising human”

April 6, 2016

Virool, a San Francisco-based video ad startup founded in 2011 by a Russian team, has closed a Series A round of $12 million. The funding, which comes from Menlo Ventures, Yahoo Japan, 500 Startups and Flint Capital, will accelerate the company’s North America, Latin America and Europe plans. The company also aims to develop across the APAC region “with the strategic sense of …

Video ad startup Virool raises $12 million to “make advertising human” Read More

AccorHotels to hold its first hackathon in Russia

April 6, 2016

Illustrating the growing interest of domestic and international corporations in tech innovation, AccorHotels will hold a hackathon in Moscow on April 23-24. To organize the event, the global hospitality group has teamed up with international startup accelerator NUMA Moscow and Microsoft. Participants will work in cross-functional teams of minimum three: one developer, one designer and one entrepreneur. …

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