Maxfield Capital invests in “magic” Californian farming data platform

November 12, 2020

Maxfield Capital, a venture fund operating globally from its offices in Moscow, New York City and Tel Aviv, has invested “up to $500,000” in OnFarm. This Fresno, California-based startup defines itself as an “Internet-of-Things platform that enables a comprehensive array of leading farm hardware technologies into a single grower-friendly management and decision platform.” Thus the startup …

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RetailCRM raises $600,000 from Edison.VC, eyes international expansion

July 13, 2015

Last month RetailCRM secured $600,000 from Edison.VC, as reported by Russian tech blog Rusbase. This Series A round is intended to accelerate product development and commercial expansion, including in foreign market, the company announced. The RetailCRM platform allows online retailers to personalize, automate and monitor in real time the sales processes and client service. It also …

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US wins case to seize $300 million in alleged bribes by Russian telcos

February 17, 2016

The U.S. Justice Department has won the right to impound $300 million that it claims was paid in bribes by two major Russian telecoms firms to a close relative of Uzbek President Islam Karimov, news agency Bloomberg reported Friday. Justice Department officials claim that leading Russian mobile phone operator MTS and fellow telecoms giant VimpelCom …

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Life.Sreda teams up with Asian fund Marvelstone to invest $20 million in fintech startups

April 29, 2016

In a new move to penetrate the Asian markets, Russian fintech fund Life.Sreda has inked a memorandum of understanding with Marvelstone Partners, a Seoul, South Korea-based investment group. The two partners intend to launch a $20 million fund targeting fintech startups in South Korea and other Asian countries. Marvelstone will share its expertise in Asian markets …

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Israeli social analytics startup Klear secures $1.5 million from Altair and TMT

February 17, 2016

Israeli startup Klear, formerly known as Twtrland, has raised $1.5 million in new funding from Altair and TMT Investments, two international venture funds with Russian backers. The company defines its product as “a social intelligence platform that helps you do smarter marketing.” It has rebranded to Klear, since the platform now looks at data from Facebook and Instagram in …

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Russian tech players develop new ties with Singapore

February 17, 2016

In late June, illustrating the growing interest of Russian tech players in Asian markets, Skolkovo, the international tech hub under completion on the outskirts of Moscow, took an active part in the Echelon Asia Summit. This major innovation event in Singapore provided Skolkovo startups with a chance to expand into the Asian markets, while Skolkovo offered Asian …

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Almost half of Russians now use electronic payment methods

February 17, 2016

Last month Yandex and its subsidiary Yandex.Money released two studies on the Russian e-payment industry. Even though cash on delivery still dominates where physical goods are concerned, Russians are now fully aware of the main available electronic payment methods, according to Yandex.Money, which teams up every spring with TNS to conduct its research. Approximately three quarters of surveyed …

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Global players challenged by new Russian law on personal data storage

February 15, 2017

Just two months before the new Russian law on personal data storage will come into effect, many international players are implementing the necessary steps to comply with it. Thus last month Booking.com announced that all data from its Russian users will soon be transfered to a local data center. Preceding Booking.com were such companies as eBay, Google, PayPal, …

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Facebook targets Roskomnadzor official over hate speech

February 17, 2016

Facebook has deleted a post written by Maxim Ksenzov, the deputy head of telecom regulator Roskomnadzor. Notably, Ksenzov is the very same official who warned Facebook back in May that the company will face penalties if it does not hand over traffic statistics for popular Russian Facebook users to the Russian government. While Ksenzov’s page may have …

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NSA and GHCQ targeted Kaspersky Lab and other antivirus developers, say Snowden documents

February 17, 2016

New documents provided by former American secret service employee-turned whistleblower Edward Snowden claim that the U.S. and UK security services have been carrying out attacks against antivirus developers around the world, including Russian company Kaspersky Lab. On June 23 the American news site The Intercept cited documents belonging to former American secret service employee Edward Snowden as saying that America’s …

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Intel launches IoT Lab in Russia

February 17, 2016

Intel is announcing the opening of an “IoT Ignition Labs” in Moscow. With a focus on Smart building, Smart City, and Retail, the Moscow lab “offers tools, technology and engineering know-how to those in the industry keen to take IoT projects into commercial deployment.” The US corporation is simultaneously announcing IoT labs in Ireland and …

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