International

American Councils invites Russian startups to international edtech accelerator (deadline: Sept. 16)

August 26, 2016

Washington, D.C. – American Councils for International Education is pleased to announce the opening of our application for global education technology startups interested in exploring collaborations and accessing U.S. innovation networks. American Councils welcomes applications from Russia and neighboring countries. Our organization has a history of implementing successful programs with participating startups from these countries in the …

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Yandex.Taxi launches in Georgia — before Ukraine, Estonia and Latvia

March 2, 2017

Yesterday Yandex.Taxi, the taxi booking service of Russian search giant Yandex, announced its launch in the Georgian capital Tbilissi. The service, which involves 200 cars from 11 taxi parks, is available in Georgian, Russian and English languages. Launched in 2011, Yandex.Taxi already operates in 30 cities of Russia as well as in Minsk (Belarus), Almaty (Kazakhstan) …

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New York Times’s Moscow bureau was targeted by hackers

August 24, 2016

On Tuesday, citing United States officials briefed on the matter, CNN reported that The New York Times’s Moscow bureau, along with other news organizations it did not identify, had been the victims of computer breaches by hackers thought to be working for Russian intelligence. But so far, there is no evidence that the hackers, believed to be …

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From New York to Kiev: Russian ad tech company expands internationally

August 22, 2016

GetIntent, an international programmatic technology solution provider with Russian roots, is coming to Ukraine, Russian tech blog Firrma reported last week. The company will offer its solutions on the Ukrainian market via a local partner, Programmatic Media. GetIntent’s story illustrates the current go-global trend among Russian startups. Founded in 2013 by Russian mathematicians George Levin and …

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Swedish fund Vostok New Ventures injects $2.5 million in Moscow-based OTA Onetwotrip

November 12, 2020

Earlier this month Vostok New Ventures, an invesment company listed on Nasdaq Stockholm (formerly known as Vostok Nafta Investment), has injected an additional $2.5 million in Moscow-based online travel agency Onetwotrip.com. This transaction was announced in the company’s H1 2016 activity report, which was published last week. The Swedish fund had already invested $4 million in …

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Russia’s Angstrem to export microchips to India’s aerospace sector

August 17, 2016

Angstrem, a major player in the Russian microelectronics industry, is completing the development of new radiation-resistant microchips for use in outer space. In September the manufacturer is planning to begin deliveries to India, its first major export market. This initial delivery will total about 10,000 microchips, and the contract is estimated at $200,000. “While India …

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SEC suspends ‘tech miracle’ from Siberia after stock value soared to $35 billion

November 18, 2024

Yesterday the Securities and Exchange Commission suspended trading in the securities of Neuromama (NERO), a tiny Internet company with Russian roots, “because of concerns regarding the accuracy and adequacy of information in the marketplace.” Based on the latest transactions on over-the-counter markets in the USA, the company’s capitalization exceeds $35 billion — more than Tesla or Gazprom. Neuromama’s stock …

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US restaurant solution provider acquires Russian startup iqPOSitive

August 19, 2016

iqPOSitive, a Russian developer of automation solutions for restaurant businesses, has been acquired by Revel Systems, a San Francisco-based company operating in the same field. The transaction, which took place in May, has just been revealed by the Russian media. The terms of the acquisition have not been disclosed, but iqPOSitive’s founder Timur Bagaev said we was …

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10 Russian and Ukrainian startups land in US market via NYC accelerator

August 13, 2016

Next week the New York-based Starta Accelerator will commence its second acceleration program for tech startups from Russia, Ukraine, and Belarus. Ten startups were selected from 209 applicants, and their founders will come to New York City on August 15 for a 14-week acceleration program. They will have the opportunity to develop their business in the U.S. and to attract another round of investment from …

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Google fined $6.7 million by Russian anti-monopoly authorities

August 12, 2016

Russia’s Federal Anti-monopoly Service (FAS) has fined Google 438 million rubles (approximately $6.7 million at the current exchange rate) for abusing its dominant position in the Russian market. This fine accounts for some 2.5% of the turnover of Google’s Russian subsidiary, noted the Russian business daily Kommersant. Google was found guilty of violating anti-monopoly laws by forcing phone …

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Russia files case against Apple on allegations of price-fixing

August 9, 2016

Russia’s Federal Anti-monopoly Service (FAS) has filed a case against US tech giant Apple on allegations of price-fixing. A number of retailers are continuing to sell the iPhone 6S, 6S Plus, and other models at the same price as when the phones were released in October 2015, the FAS claim. Some 16 Russian companies are alleged to be involved in the case, including MTS, M.Video, Beeline, Eldorado, Euroset, Media …

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Translation automation platform receives $2.8 million in funding after spinning off from Abbyy

April 14, 2017

SmartCAT, the developer of a cloud platform for translation automation, has spun off from Abbyy, a large Russian software publisher which had developed the project so far. The startup has secured $2.8 million from RedSeed, a Russian fund launched last year, to support its international development. It has established its headquarters in Milpitas, California. The project started in early 2013 …

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