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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Report: Russians make $5 billion annually in crypto transactions

December 7, 2021

Russians are among the most active participants in the crypto space, Bank of Russia says, citing various studies. The country is one of the leaders in terms of number of visits on Binance, the world’s leading crypto exchange. Referring to estimates by large financial institutions surveyed this past July, the central bank notes that the annual …

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Flint Capital’s new $103 million fund already claims two successful exits

December 10, 2021

In June this year Flint Capital, a Boston-based venture firm with Russian roots, closed its second venture fund, attracting $103 million to invest in startups from Seed, to Series A and B stage startups.  The firm publicly announced its new fund only this week, as it already invested in no less than 18 startups with two successful exits — Loom …

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From unmanned factories to harsh workshops: The present and future of industrial digitalization discussed at top Moscow conference

December 17, 2021

It is still difficult for industrial companies to understand why they are in need of digital transformation. The ideal future for the industry will be not just the automation of the existing processes, but the establishment of new business models. This and other topics were discussed at Nobel Vision. Open Innovations 2.0, a major international conference held yesterday at Skolkovo …

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Why the Kremlin blocking TOR is a big deal

December 17, 2021

Like many significant political developments of late, the decision to block TOR came almost unannounced by the Russian authorities. TOR — an acronym for “The Onion Router” — is encryption software that allows users to stealthily surf the Internet and bypass locally imposed web restrictions. Russian internet users spotted the blocking of TOR, and it was only after …

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VK ownership changes have both political and business motives, say Russian pundits

December 8, 2021

While the restructure in VK (ex-Mail.ru Group)’s ownership announced last week is making the Kremlin’s control over Russian social media even stronger, business motives are also involved, believe insiders.  As reported by The Bell, Sogaz is said to be the real managing partner here, even though technically speaking, the new ownership structure at VK is a diarchy with …

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Russia shuts down several cryptocurrency farms

December 7, 2021

Authorities in Russia have closed down a number of illegal crypto mining facilities allegedly powered by stolen electricity. The underground farms have been discovered around Moscow, as well as in the Russian republic of Dagestan.  In particular, the Russian law enforcement and customs agents recently uncovered the theft of a large amount of electricity from the network operated …

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“Engineering joy:” Sber’s new smart media speaker brings music, movies, gaming, food and much more to Russian homes

December 7, 2021

The technology ambitions of Sber, Russia’s state-controlled financial giant, were demonstrated again yesterday as the company presented its new smart media speaker. Sber claims the device was “created with the latest product design trends in mind” and touts it as a “one-of-a-kind in its category.” Christened ‘SberBox Time,’ the device combines the functionality of three …

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Russian state strengthens control over leading Internet group VK

December 3, 2021

Russia’s Gazprom is gaining control of VK Company, the LSE-listed Russian Internet major (previously known as Mail.ru Group), as a result of a string of deals to buy out Russian billionaire Alisher Usmanov from the company. These transactions will increase state control over the group, which owns in particular the country’s leading social networks Vkontakte …

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Russia launches homemade TikTok alternative

November 30, 2021

Russia’s leading media conglomerate has launched a domestic rival to the hugely popular video-sharing app TikTok as Russia’s campaign to reduce the influence of foreign websites and technology advances. Gazprom Media, a subsidiary of state-owned gas giant Gazprom, launched the service, named ‘Yappy,’ on Monday. It is currently available to download from both the Apple …

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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 …

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Kalashnikov Group patents steel and plastic electric car

November 29, 2021

Russian weapon maker Kalashnikov Group has patented exterior and interior features of its new UV4 electric car, designed for the consumer market. The information appears in the database of Russia’s Federal Institute of Industrial Property. UV4 is equipped with an electric motor with a capacity of 50 kW (68 hp), which will allow the car to reach the speed …

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