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World’s first glasses free 3D videoconference between London and Russia

March 23, 2012

A live glasses free 3D conference between London and Tomsk, Siberia, was conducted yesterday, combining several British and Russian innovative technologies. The guests of the 3D Storytelling conference, a broadcast and gaming industry event held in London, could see and talk to selected participants in Russia, thousands of miles away in 3D without glasses, “as if …

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DST to launch new $1 billion tech fund

March 22, 2012

Digital Sky Technologies, a Russian investment fund whose global web portfolio includes Airbnb, Facebook, Groupon, Spotify, Twitter, Zalando and Zynga, is seeking $1 billion for a new technology fund, Bloomberg reported yesterday, citing an investor presentation it has obtained. The new fund, DST Global III, will focus on late-stage global Internet companies with a valuation …

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Rostelecom and Tsentralnyi Telegraf to launch MVNOs in the Moscow region

March 22, 2012

Tsentralnyi Telegraf will launch a Mobile Virtual Network Operator (MVNO) next summer, the company’s commercial director Kirill Karasev announced yesterday at an industry conference. Established in 1852 as Moscow’s very first telegraph station, today Tsentralnyi Telegraf is a provider of ISP, IPTV, VPN, and other telecommunication services in Moscow and its surroundings. The new MVNO …

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Western funds Mangrove and Ventech take part in Oktogo.ru’s $10 million round

March 21, 2012

Oktogo.ru, a leading Russian online hotel booking and travel company, officially confirmed yesterday that it has secured a $10 million round of financing. The news was leaked for the first time last month, but Oktogo’s press release has provided details on the operation. VTB Capital, the investment arm of the Russian state controlled financial group VTB …

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Rostelecom building giant data center in Moscow to run government cloud platform

March 21, 2012

Rostelecom, the Russian national telecom operator, has launched the construction of a mega data center, located on the premises of the Serp i Molot factory in Moscow. The center’s storage capacity has not been disclosed, but the server rooms will occupy some 10 thousand square meters – twice as much as Sberbank’s existing mega data …

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KupiVip.ru shareholders to invest $50 million in new online fashion retailer

March 20, 2012

The shareholders of KupiVip.ru, Russia’s leading fashion flash sales site, intend to invest no less than $50 million in Shoptime.ru, an online fashion items and accessories retailer that launched in test mode earlier this year. In contrast to the discounted flash sales model used by KupiVip.ru, this new site offers a permanent assortment of new …

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Russia’s Roman Andreev wins first place and $5,000 in Facebook’s Hackers Cup

March 20, 2012

Facebook’s 2nd annual Hacker Cup competition, held at the company’s headquarters in Menlo Park, California, witnessed 25 of the world’s best hackers gather for an intense competition. Roman Andreev of Russia took top prize by correctly completing a problem in 1 hour and 4 minutes, one minute ahead of the second place winner. Andreev received …

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Travelmenu’s video parody of Medvedev generated 6 million views in 3 months

March 19, 2012

Travelmenu.ru, a Russian online travel startup specializing in package tours, took advantage of the Russian winter holiday season to increase its brand awareness using a bold parody of President Medvedev’s New Year’s greetings. Released on December 19, the humorous video features the Russian President’s traditional greetings to the nation, revealing a behind-the-scene sea, sex and …

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Orion Express satellite concern

March 19, 2012

The Russian DTH platform Orion Express faces a major obstacle in its expansion plans. According to Vedomosti, a decision on whether the platform can use frequencies on the Horizons 2 satellite, which is owned by Intelsat, has been postponed until a meeting of the General Radio Frequency Centre (GFRC), called at the initiative of the …

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GLONASS adopted by US agencies: One eye is good, but two are better

March 19, 2012

GLONASS, the Russian satellite positioning system launched in 1982 in response to America’s GPS, has navigated into its rival’s home territory. The U.S. Geological Survey, a government entity whose tasks include early volcanic threat detection, announced plans last week to purchase dual GLONASS+GPS compatible hardware to improve its monitoring of America’s 160 active volcanoes and …

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Tiger Global leads $30 million round for online marketplace Wikimart.ru

March 19, 2012

The Russian online marketplace Wikimart.ru has secured a $30 million round of financing – the third one since the startup’s inception in 2008 – with Tiger Global Management contributing $18 million and the remaining $12 million coming from an undiclosed Russian investor. The startup’s previous valuation amounted to $50 million, which corresponds to its estimated …

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Russia and Belarus shake hands on joint business accelerator and technopark

March 16, 2012

In a bid to step up innovation cooperation between Russia and neighboring Belarus, two government delegations met in Nizhny Novgorod on Wednesday to agree on the establishment of a Russian-Belarusian Business Accelerator and to further the finalization of a prospective inter-state technopark.

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