News

IntellectoKids raises $3 million from US, Russian, Cypriot and Ukrainian funds

December 15, 2020

IntellectoKids, a Russian-founded edtech startup, has raised a $3 million Series A round, reports VC.RU. The funding was provided by Allrise Capital (Silicon Valley), Vershina Capital (Moscow) and Quonota Investments (Cyprus), as well as Genesis Investments, a major Ukrainian investor which led a previous round just a year ago.  Founded in 2016, IntellectoKids offers a media, entertainment and education platform …

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Bellingcat’s investigation into Navalny’s poisoning reveals extravagant developments in Russia’s data black market

December 15, 2020

While identifying FSB agents reportedly involved in Alexey Navalny’s Novichok poisoning, international investigation group Bellingcat revealed today how deep and worrying are the implications of Russia’s data black market. Bellingcat’s work on the Navalny case originated from a previous investigation into Russian chemical weapons projects. Call metadata were analyzed for the telephone numbers used by two executives of SC Signal, an entity “involved in the development of new variants …

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Hoversurf wants to make Russia a global leader in air mobility

December 11, 2020

Russian businessman and philanthropist Ismail Akhmetov has invested in Hoversurf, a pioneer in autonomous flying vehicles. The amount of the deal was not disclosed, but company valuation was established at $30 million, the Russian media reported. Previous investors in the company include Qiwi co-founder Sergey Solonin, the Starta Ventures fund and several Russian individual investors. …

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After Poland, Slovakia and Ukraine, Russian e-commerce leader launches sales in Israel

December 14, 2020

Only few Russian online retailers sell outside their home market and neighbouring Russian-speaking countries. One of them is market leader Wildberries, which has just started sales in Israel. Local customers can order products through an English language online store, as well as through mobile apps on iOS and Android, reports industry news site e-pepper.ru. The …

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Moscow Covid-19 patients affected by huge data leak

December 16, 2020

Just days after its anti-covid digital solutions were awarded at a prestigious nationwide contest, the Moscow mayor’s office admitted that some 300,000 Moscow Covid-19 patients were affected by a huge data breach. The incident was revealed by online publication Readovka, according to which not only patients’ full names, but also their address details and Covid-related medical …

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Ozon’s oversubscribed IPO brings in $1.2 billion

December 9, 2020

Today Ozon announced the completion of its IPO, which started triumphantly on Nov. 24. In total, 37,950,000 ordinary shares represented by American depositary shares (ADSs) were acquired by new investors, including those corresponding to purchase options exercised by underwriters.  Taking into account the private placements and other subscriptions from Ozon’s existing shareholders, Baring Vostok and Sistema, the company …

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Kaspersky Lab plans to supply mobile OS for enhanced protection

December 8, 2020

Smartphones with a Kaspersky-made operating system for enhanced security will appear next year, said Kaspersky Lab founder Eugene Kaspersky in an exchange with RIA Novosti.  His company partners with an unnamed Chinese smartphone maker. These smartphones with the Kaspersky operating system will have basic applications and its own browser. They are intended for specific types of use: …

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Online education platform gets huge funding boost from Mail.Ru, RDIF and Russia-China Investment Fund

December 8, 2020

Uchi Group, the publisher of Russia’s leading online education platform for school pupils, has agreed an investment of at least 3.75 billion rubles ($50 million at the current exchange rate) from Mail.Ru. The LSE-listed group will receive a 25% stake in exchange for this amount, while the RDIF, Russia’s sovereign wealth fund, and the Russia-China Investment …

Online education platform gets huge funding boost from Mail.Ru, RDIF and Russia-China Investment Fund Read More

Russia’s Cleverbots launches AI solution marketplace and secures $1 million from agroindustrial group

December 8, 2020

Cleverbots, a Russian integrator of AI-powered enterprise solutions, has raised $1 million from the agroindustrial group AST. No details of the transaction were disclosed.  The fresh funding will allow Cleverbots to hire new employees, support marketing and scale the business both domestically and abroad. AST’s existing offices in Switzerland and the United Arab Emirates, may be used as launchpads for …

Russia’s Cleverbots launches AI solution marketplace and secures $1 million from agroindustrial group Read More

Sber to launch international AI research institute in Russia

November 5, 2021

Last week Sber, Russia’s financial and tech giant (previously known as Sberbank) announced plans to open an international institute for artificial intelligence in Russia as early January 2021.  Sber’s head Herman Gref defined the main mission of the institute as “to provide an interdisciplinary approach to research” in the field of AI.   At the …

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Moscow City’s anti-Covid digital solutions awarded with ‘Runet Prize’

December 4, 2020

Yesterday Moscow City’s digital solutions aimed at combating the Covid-19 pandemic were awarded with a ‘Runet Prize‘ in the ‘Technologies vs Coronavirus’ nomination.   The Runet Prize is among Russia’s main industry awards, aiming to single out the most remarkable initiatives for the development of the Russian Internet. This year, the prize will be presented for the 17th …

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Proposed EU ‘Data Governance Act’ will make data exchanges with Russia even more difficult, warn experts

December 2, 2020

As part of the European strategy for data, the European Commission proposes a set of measures to “foster the availability of data.” A part of them, published on November 25, focus on “increasing trust in data intermediaries and strengthening data-sharing mechanisms across the EU.”  These measures are aligned with the consumer protection requirements under the General Data Protection Regulation (GDPR) …

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