Corporate

Rusnano prepares to launch Russian-Arabic tech fund

March 28, 2017

Rusnano is considering to launch a Russian-Arabic direct investment fund, business daily Vedomosti wrote last week, confirming earlier reports. The Russian state-owned nanotech giant has already identified a group of potential investors from the Middle East, Lyubov Timofeeva, Senior Analyst at Business Strategy Department at Rusnano, told the business daily. Vedomosti has learned from an …

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Alibaba invests $150 million and partners with Mail.Ru Group for global games distribution plan

March 26, 2017

Last week Alibaba announced a plan to enter the international game distribution industry with an investment of 1 billion yuan ($150 million). The Chinese group is teaming up with Mail.Ru Group, TFJoy, Efun and ONEMT to establish the “Global Strategic Alliance of Game Distribution.” An LSE-listed Russian Internet group, Mail.Ru Group is a major player on the Russian and global online …

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NFWare secures $2 million to expand in Europe and US

March 26, 2017

Yesterday NFWare, a startup with Russian roots that develops virtualization solutions for network infrastructure, announced that it raised $2 million from Sistema_VC and its existing investors Almaz Capital, Maxfield Capital, and Telefonica Open Future. “As telecom operators, Internet companies and data centers have to invest continuously to enhance the capacity of their network infrastructure, NFWare offers a technologically elegant and effective solution to reduce the costs …

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Qiwi buys e-CRM startup Flocktory for $14 million

March 26, 2017

Qiwi, a major, NASDAQ-listed Russian electronic payment operator, is in the process of acquiring Flocktory. Founded in Russia in 2012, this startup has developed a SaaS platform for customer lifecycle management and personalization, and operates internationally from its Moscow and Madrid offices. Based on data collection and analysis, Flocktory’s automated marketing solutions are intended, in particular, for the …

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Sberbank inks R&D partnership on data analysis and artificial intelligence with top Moscow universities

April 1, 2017

Russia’s national savings bank Sberbank has announced the launch of a risk theory and data analysis laboratory in partnership with Moscow State University (MSU) earlier this week. Dubbed “CMC-Sberbank,” the new lab will function as an R&D center focusing on statistical methods for big data analysis and machine learning. The laboratory is intended to become a leading …

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German data center Darz invests in Russian video game streaming service

July 24, 2017

Darz, a major German data center company, has invested $1.5 million in the Russian startup Playkey. The deal, the terms of which have not been disclosed, was reported earlier this month by the Russian media and by Skolkovo, the international tech hub located near Moscow which hosts the startup. Playkey is a cloud gaming service …

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Russian corporations launch giant startup investment programs

June 16, 2017

Since the beginning of this year, at least six corporate venture funds have been launched or started operations in Russia. Four of them were created by AFK Sistema, a Russian, LSE-listed conglomerate. Sistema Venture Capital, the most recent  one, started operating last month in Moscow. It has raised 10 billion rubles (approximately $154 million at the current exchange rate) to support globally-oriented …

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