International

Gett to invest $100 million in Russia this and next year

Gett, an international on-demand transportation, delivery and logistics company (previously known as Gettaxi), intends to invest no less than $100 million in the Russian market starting from this fall until the end of 2017, an unnamed company representatives told Vedomosti earlier this week. This is nearly one fifth of all the financial means raised by the company …

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Russian players invited to discuss trust-based technologies in Cannes (Nov. 29 – Dec. 1)

Players from Russia and other Eastern-European countries are cordially invited to Trustech, a leading international event dedicated to trust-based technologies. This 3-day conference be held on November 29 – December 1 in Cannes, France. Some 18,000 attendees from more than 130 countries are expected, including more than 1,800 CEOs, 400 exhibitors and sponsors, and some 250 …

Russian players invited to discuss trust-based technologies in Cannes (Nov. 29 – Dec. 1) Read More

Russian face recognition algorithm named best in the world

The face recognition algorithm of Russia’s Vocord is the world’s most effective in its category, beating competitors including Google, according to a ranking produced by international online test platform MegaFace. The MegaFace platform uses a database of more than 1 million photos depicting over 690,000 people photographed without posing and in natural lighting conditions. Vocord’s algorithm is designed to …

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Blablacar reported to have raised €21.3 million from Baring Vostok

French unicorn Blablacar is said to have raised €21.3 million euros from Baring Vostok, a leading Russian private equity firm. The news was reported this morning by Maddyness, an authoritative French tech blog. When contacted by East-West Digital News, Baring Vostok and Blablacar declined to comment on this information, but Maddyness told us that they had access to official …

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SD Ventures invests in Latvian drone company, opens co-working space in Riga

This summer Social Discovery Ventures (SD Ventures), an international technology and investment group with Russian roots, invested an undisclosed amount in Latvian drone company AirDog. The group also is also creating a new co-working space in Riga, which is scheduled for launch in September. In an interview with EU-Startups, SD Ventures founder Dmitry Volkov, a Russian-American serial entrepreneur, explained his interest …

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IASP annual conference: The world’s science parks meet in Moscow (Sept. 20-23)

The International Association of Science Parks (IASP) will hold its 33rd annual conference in Moscow from Sept. 20 to Sept. 23, in partnership with Skolkovo, the new Russian international tech hub. Also partnering this major event are the Science Park of the Moscow State University and Technopark Strogino, with support from the Moscow City Government. (Registration deadline: …

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Mikhail Fridman’s LetterOne confirms $50 million investment in “disruptive” US mobile service provider

Earlier this week LetterOne (L1), an international investment group controlled by Russian billionaire Mikhail Fridman, announced that it had received clearance from the US authorities for a $50 million capital injection in FreedomPop. Founded in 2012 and based in Los Angeles, California, FreedomPop offers wireless data, voice and text services. Presenting itself as “one of the fastest growing and most innovative mobile …

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400 key European e-commerce and logistics players, investors and experts to meet in Luxembourg (Sept. 7 & 8)

Europe, the world’s largest e-commerce market, still offers too rare opportunities for professionals to meet at international level. Because well executed logistics strategies play a key role in e-retailers’ success, the time has come to give to e-Logistics the place it deserves in a dedicated high level event for European leaders. Deliver One, the European …

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How Russia often benefits when Julian Assange reveals the West’s secrets

WikiLeaks’ document releases, along with many of Julian Assange’s statements, have often benefited Russia, at the expense of the West — whether by conviction, convenience or coincidence, writes the New York Times. WikiLeaks neither targets not spares any particular nation, Assange indicated in an exchange with the US newspaper, but rather works to verify whatever material …

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Ozon not profitable yet, but expects fast growth and still considers Western IPO 

Ozon.ru, one of the most established Russian online retailers, — sometimes dubbed, with some exaggeration, ‘the Russian Amazon,’ — saw its sales grow by 20% year-on-year in the first seven months of 2016. The figure was disclosed by Danny Perekalsky, the site’s CEO, in exchanges with Rambler News Service (RNS) and East-West Digital News. “We’re satisfied with …

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US officials suspect Russia behind computer hacking in two state election databases

U.S. officials suspect Russian hackers were responsible for breaking into two state election databases earlier this month. “This is the closest we’ve come to tying a recent hack to the Russian government,” one official told NBC News on Monday. The FBI has not identified the two U.S. states whose data bases were attacked, but Yahoo News, …

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Russian programmers launch neural network-based food discovery app in US cities

After Prisma, the much-hyped mobile app that instantly transforms pictures into artwork, and Artisto, a similar app for videos, Russian programmers are affirming their particular talent in developing technologies inspired by neural networks. This time, this approach is being applied to food recommendations with ‘Borsch,’ a new mobile service launched over the past weeks in …

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