International

After partnering with Facebook and Google, Russian startup VisionLabs raises $5.5 million from Sistema’s corporate fund

April 14, 2017

VisionLabs, a Russian startup specializing in facial recognition, data analysis and robotics, announced today that it has secured 350 million rubles ($5.5 million at the current exchange rate) from Sistema Venture Capital. The fund received a 25% stake, valuing the startup at 1.4 billion rubles ($21.5 million). Founded in 2012, VisionLabs has developed a software package, named ‘Luna,’ …

After partnering with Facebook and Google, Russian startup VisionLabs raises $5.5 million from Sistema’s corporate fund Read More

fibrum vr headset

Russian virtual reality platform Fibrum to measure itself against Google’s Daydream

July 2, 2016

Next month Russian startup Fibrum, a developer of virtual reality headsets and applications, will launch a VR platform to bring together gamers, as well as game and VR headset developers from different countries. The platform will be made available in English and Russian. Users will be able to download applications for their VR headsets directly from the Fibrum Platform. They …

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Russian startup Blackmoon launches online lending platform in the U.S.

July 5, 2016

A Russian startup is launching in the U.S. this week to target the lucrative online lending market. Blackmoon launched initially in Russia last June, and has since rolled out into Poland, Latvia, Czech Republic, Estonia, Georgia, and Finland. Today, it opens its New York office and will begin the process of integrating with lenders in the …

Russian startup Blackmoon launches online lending platform in the U.S. Read More

Rostec to export Russian tech products worldwide with state support

July 3, 2016

RT-Business Development, a subsidiary of the government-backed tech corporation Rostec, is launching a new company dedicated to the advancement of Russian digital products on the international market. Aiming to virtually cover the whole world except Western countries, Rosinformexport will operate in a variety of markets – from Eastern Europe, to the Middle-East, South and South-East …

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Why the Prisma app could become a global hit

October 3, 2016

As reported earlier this week by East-West Digital News, a quirky mobile photo app named ‘Prisma’ has been leading Apple’s App Store ranking in Russia and several neighboring countries since June 20 — just ten days after launch. Among its millions of users are a bevy of Russian celebrities, from Russian Prime Minister DMitry Medvedev, to supermodels Irina Shayk …

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Mitsui chefmarket

Mitsui invests in Russian food delivery startup Chefmarket

June 30, 2016

Earlier this month Moscow-based food delivery startup Chefmarket.ru secured $1.3 million in a funding round led by Mitsui with participation from existing investors, including QIWI co-founder Andrey Romanenko and Russian venture fund AddVenture. The startup aims to reach a $100 million revenue target in 2018. Chefmarket offers home delivery of food products based on recipes from renowned …

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Russian parliament approves ‘Google Tax’ for foreign app stores

January 30, 2017

Russia’s Federation Council, the upper house of parliament, has approved a law requiring foreign companies to pay value added tax (VAT) of 18 percent on online content, the Interfax news agency reported Wednesday. The bill, nicknamed the “Google tax law”, will also require companies who distribute or sell online applications, games, music, or other content …

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Q&A service TheQuestion raises $500,000, opens offices in Berlin and London

June 28, 2016

Russian Q&A service TheQuestion is opening representative offices in London and Berlin to develop internationally, while keeping its R&D capacities in Moscow, Russian magazine Sekret Firmy reported last week. The move comes just after the company completed a $500,000 round of funding, following an initial round of the same amount. Among the investors are “owners of media …

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Hyperloop One attracted Russian state money in its latest funding round

March 2, 2017

A second Russian fund appears to be involved in Hyperloop One‘s latest $80 million round of financing, which was closed in April. Russia’s sovereign fund RDIF has just announced that it took part in the round, without disclosing, however, the amount of its contribution. “RDIF pays great attention to the development of transport infrastructure, including the technological …

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Quirky mobile photo app leads App Store ranking in Russia and neighboring countries, raises millions from top investors

March 29, 2025

An art filter app launched by a Russian programmer, Alexey Moiseenkov, is leading Apple’s App Store ranking in Russia and several neighboring countries – including Estonia, Kazakhstan, Latvia, Moldova, Ukraine and Uzbekistan – ahead of Whatsapp, VK, Instagram, Viber, Aliexpress and other traditional leaders in the region. In a totally unexpected surge, the app has been number …

Quirky mobile photo app leads App Store ranking in Russia and neighboring countries, raises millions from top investors Read More

Russian authorities block, then unblock, Amazon’s cloud service

June 26, 2016

Earlier this week Roskomnadzor, the Russian telecom and Internet regulator, added Amazon’s cloud storage domain (s3.amazonaws.com) to the register of prohibited sites, before cancelling this access restriction. The web address was included into the register on June 21, although the Tax Service had already ordered to do so in May. According to Russian tech blog Habrahabr, the …

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Russia seeks to bolster tech ties with South Korea

June 23, 2016

As Russia seeks to develop and diversify international cooperation in the field of technologies, RVC, its state-owned fund of funds for innovation, announced last month that it will open a representative office in Seoul. “Among its key objectives will be to assist Russian technological companies in promoting Russian products and services on the Korean market, …

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