Software

Yandex teams up with top US funds to commercialize database management solutions

September 22, 2021

Earlier this week Yandex, the NASDAQ-listed Russian digital giant, announced the incorporation of ClickHouse as a legal entity. This spinoff aims to provide commercial impetus to what was so far essentially a community-led open source activity around distributed database management systems (DBMS).  Under plans, new commercial products will be developed — including, for example, a cloud-based version of DBMS …

Yandex teams up with top US funds to commercialize database management solutions Read More

Russian-born social commerce major Ecwid sold to Canadian Lightspeed for $500 million

June 9, 2021

After Veeam Software, Wrike and Magic Lab — to cite just a few recent examples — this is yet another happy exit for a Russian entrepreneur established in the West. Ecwid, a Russian-rooted provider of social commerce solutions for small businesses, is in the process of being acquired by Canadian Lightspeed. This Toronto-listed online and offline retail software major says it is buying …

Russian-born social commerce major Ecwid sold to Canadian Lightspeed for $500 million Read More

A Russian-founded startup from California attracts $20 million to help businesses create bots easily

June 2, 2021

A young Californian startup created by four Russians could well become one of tomorrow’s leaders in robotics automation. Two years after inception, it has just raised $20 million from international investors — with a valuation exceeding $100 million, according to Forbes Russia. Thanks to ElectroNeek’s robotic process automation platform, businesses can now create more easily digital workforce and personal assistants. As reported …

A Russian-founded startup from California attracts $20 million to help businesses create bots easily Read More

Sber acquires InSales to help Russian SMEs sell online

April 13, 2021

Sber (previously know as Sberbank) is demonstrating once again its ambitions in the field of e-commerce with the acquisition of SaaS provider InSales, which was announced yesterday. The state-controlled financial and digital giant has agreed to acquire an 80% stake in InSales for an undisclosed amount. The rest of the shares will remain in the hands …

Sber acquires InSales to help Russian SMEs sell online Read More

Backed by a software giant, this Russian smart transportation provider eyes foreign markets

March 19, 2021

Softline Venture Partners, the venture arm of Russian software giant Softline, has invested in T-1 Group,  a provider of B2B and B2C telematics solutions and navigation technologies. No details of the transaction were disclosed.  “The acquisition of a stake in T-1 Group is an investment in the rapid growth of the transport telematics market, which is simply …

Backed by a software giant, this Russian smart transportation provider eyes foreign markets Read More

E-commerce provider secures $1.3 million from Russian business angel

February 5, 2021

As Russian e-commerce, boosted by the pandemic, is breaking records, service and solution provider PIM Solutions has just received a capital injection of 100 million rubles ($1.3 million at today’s exchange rate) from business angel Dmitry Zobnin. The valuation of the company has reached 2 billion rubles (around $26 million), as Zobnin received a 5.13% …

E-commerce provider secures $1.3 million from Russian business angel Read More

Russian-American startup secures $3.5 million to address “the most burning needs” of the construction industry

January 21, 2021

TraceAir, a construction software startup with Russian roots, announces the completion of its Series A $3.5 million round. It was led by London-based XTX Ventures with participation from Liquid 2 Ventures, GEM Capital, GPS Ventures, Andrew Filev (CEO Wrike), Metropolis.VC (which invested in a previous round) as well as US construction industry majors Independent Construction and ENGEO. TraceAir has developed a cloud platform to help construction companies …

Russian-American startup secures $3.5 million to address “the most burning needs” of the construction industry Read More

“Better than India and Ireland:” Tax relief for Russia’s software developers comes to force

January 13, 2021

Following amendments to the Russian tax code which were adopted in July 2020, Russian software developers may, starting from Jan. 1, benefit from significant tax cuts.  The new tax regime provides: Reduced rates on the taxes on profit: from 20% to 3% for federal taxes and to 0% for regional taxes; A reduced rate on social security …

“Better than India and Ireland:” Tax relief for Russia’s software developers comes to force Read More

Russian corporate fund Sistema_VC backs again UK agritech startup KisanHub

November 23, 2020

For the second time in less than 18 months, Sistema_VC, one of the venture investment vehicles of Russian conglomerate Sistema, has backed UK agrotech startup KisanHub. The latest round, announced last week, provided £1.12 million ($1.49 million) to the Cambridge-headquartered startup. The round was led by Low Carbon Innovation Fund II (LCIF2) with co-investment matching coming from …

Russian corporate fund Sistema_VC backs again UK agritech startup KisanHub Read More

Russian retail giant X5 uses advanced speech technologies to automate call centers

October 2, 2020

X5 Retail Group, a leading Russian food retailer, is deploying a robotic telephone platform based on advanced speech technologies. Used to handle incoming calls and make outgoing calls without human intervention, the group’s new voice assistants simulate dialogue with customers and help resolve their issues.  “After the caller formulates a question, the bot uses complex machine learning algorithms and accumulated data to identify the …

Russian retail giant X5 uses advanced speech technologies to automate call centers Read More

Top investors to review SaaS startups from Emerging Europe, Finland and Israel (application deadline: Aug. 9)

August 5, 2020

Flashpoint VC — an international investor previously known as Buran VC — has launched an international startup challenge dedicated to SaaS technologies. The challenge is open to Seed and post-seed companies with an MRR of $10,000-$100,000 and no more than $3 million raised. The targeted segments are AI, DevOps, Remote work & productivity tools, HealthTech and …

Top investors to review SaaS startups from Emerging Europe, Finland and Israel (application deadline: Aug. 9) Read More

Kaspersky purchases additional stake in Russian cloud solution provider

July 22, 2020

Moscow-based Kaspersky Lab, one of the world’s top cyber security vendors, has increased its stake in New Cloud Technologies (NCT) from 29.5% to 47%, the Kommersant business daily reported. These shares were sold by company founder Andrey Cheglakov. Kaspersky acquired its initial 29.5% stake in May last year. Launched in 2013 — now with offices in Moscow, St. …

Kaspersky purchases additional stake in Russian cloud solution provider Read More

Scroll to Top

This site is under maintenance. Sorry for the inconvenience.

This site is under maintenance. Sorry for the inconvenience.