Sber has presented its leaderboard called Russian SuperGLUE (General Language Understanding Evaluation), the first ranking of neural networks for the Russian language. A neural network’s ranking position depends on how well it deals with tasks in logic, commonsense, reasoning, and general language understanding. Designed by the SberAI team with Huawei and the Higher School of Economics, the …
Just days after the triumphant NASDAQ IPO of Ozon, a leading Russian e-commerce company, another Russian digital major, ivi.ru, has started the registration procedure for a US IPO. No IPO-related documents related to Cyprus-registered company ‘ivi.ru Media Ltd’ are available yet on the SEC’s website, but two unnamed sources “close to the company” confirmed, in an …
Media reports: Online video service ivi.ru starts NASDAQ registration procedure Read More
According to media reports and official communications, the Russian government adopted a reform of the country’s sprawling network of 40 development institutions, including key players of the innovation ecosystem. This long-awaited reform aims to eliminate inefficiencies by consolidating like organisations and ensuring that each institution works specifically towards achieving Russia’s national development goals. The reform includes three components: …
GenerationS and Sequence Ventures announce #GENSTechTalks a new series of talks (in English language) to explore the Russian tech landscape with the leading industry experts. The series is scheduled as follows: December 1: Quantum technologies with Maria Lepskaya of Runa Capital; December 10: Blockchain with Eldar Khamitov of G1 Ventures; December 22: Artificial Intelligence with Alexey Fomin of Botkin.AI. …
As announced previously, the Ministry of Digital Development of the Russian Federation has launched an application called ‘Gosuslugi. Covid Tracker’ to track contacts with coronavirus patients all around Russia. Users diagnosed with COVID-19 must independently report this anonymously through the application. In turn, users with whom this person came in close contact in the last …
Russian government launches Covid contact-tracing app Read More
Shares in Russian online retail giant Ozon surged by more than 40% today in the first minutes of trading after the most eagerly anticipated Russian initial public offering (IPO) in years. The first-day jump gives Ozon a valuation of more than $7 billion in what analysts saw as a wildly successful launch. Interest in Ozon’s …
NASDAQ IPO: Ozon shares jump 40% in first minutes of trading Read More
Skyeng, one of the most successful Russian startups, has received funding from two major investment firms, Winter Capital and Baring Vostok. The deal, which took place in October, was revealed only this past Friday by the Russian edition of Forbes magazine, based on exchanges with representatives of the parties involved. Neither the amount invested …
Leading Russian edtech startup Skyeng backed by two major investment firms Read More
Last week Global Fashion Group (GFG), an international online fashion group focusing on growth markets – including Russia and neighboring countries where the group is represented by Lamoda – raised some €120 million in gross proceeds. The group issued new shares on the Frankfurt Stock Exchange, where it is has been listed since July 2019. These 16.5 million shares were placed with institutional …
Last week a government commission “on digital development, the use of information technologies for improving the quality of life and the conditions of doing business” approved a 5G deployment roadmap for Russia. “The transition to 5G technologies is one of the priorities to digitalize the Russian economy, since is provides the ground for quality growth …
Russian government approves $2.6 billion 5G deployment plan until 2024 Read More
For the second time in less than 18 months, Sistema_VC, one of the venture investment vehicles of Russian conglomerate Sistema, has backed UK agrotech startup KisanHub. The latest round, announced last week, provided £1.12 million ($1.49 million) to the Cambridge-headquartered startup. The round was led by Low Carbon Innovation Fund II (LCIF2) with co-investment matching coming from …
Russian corporate fund Sistema_VC backs again UK agritech startup KisanHub Read More
Google and My.Games, a branch of Mail.ru Group, last week announced a joint accelerator program “for promising mobile game studios and projects.” Dubbed ‘Game Drive,’ this accelerator targets studios from the EMEA region, including Western Europe, Russia and other Russian speaking countries, region, Turkey, Israel, the Middle East and Africa. The selected projects will receive an …
Mail.ru Group and Google launch international accelerator for video game developers Read More
According to media reports last week, the alliance of Sber (the state-controlled financial and technology giant previously known as Sberbank) and Mail.ru Group (an LSE-listed Russian Internet major) is not stabilized yet. Financial Times reported the two companies are yet to align their strategic visions of the ecosystem they are building jointly. Sber sees its …
The alliance between Mail.ru Group and Sber is not stable, say media reports Read More
