The crown jewel of Moscow’s business district, a 97-story glass tower known alternately as Federation Tower East or Vostok, is a tribute to Russia’s post-Soviet economic influence and national strength. Promotional materials for the building, which was the tallest in Europe when it was completed in 2017 and is now number 2, boast of its …
Ransomware HQ: Moscow’s tallest tower is a cybercriminal cash machine Read More
Last month Moscow-based Smart Driving Labs presented its concept of connected vehicle for urban public transport. The solution reportedly “involves the installation of telematics modules with a set of sensor equipment on buses and minibuses and connection via a cellular network to a cloud platform.” The system will allow public transport companies to collect real-time data on movement, speed, sharp …
In late October Kaspersky Lab announced the acquisition of Brain4Net, an SD-WAN and NFV orchestration software developer born in Russia in 2015. “We’re going to significantly boost our cloud security capabilities and XDR offering. The acquisition enables us to develop reliable detection and response capabilities in the ‘cloud-first’ paradigm by delivering our own solutions based …
Kaspersky acquires SDN/NFV software vendor Brain4Net to boost its cloud security business Read More
Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia, Ukraine, and Belarus, with a quarterly review by EWDN Chief Editor Adrien Henni highlighting the most notable industry facts and trends across the region. More than with tech innovations, Russia made the news this past summer by staging …
On October 17, Russia’s Team Spirit triumphantly lifted the Aegis of Champions. The team of five youngsters – the oldest of them only 23 years of age – looked somewhat out of place, dwarfed by Romania’s biggest stadium. The International 10 is no ordinary sporting event: it is the world championship for multiplayer online battle …
Russian team with mysterious backers wins world’s biggest eSports prize Read More
Softline, an international IT solution and service provider with Russian roots, started trading today on the London Stock Exchange with a secondary listing in Moscow. New shares worth $400 million were sold at $7.50 apiece, valuing Softline at about $1.5 billion, according to a company statement cited by Bloomberg. The company initially targeted a valuation of around $2 …
Russian IT major Softline raises $400 million in London IPO Read More
Despite Russia adopting its first cryptocurrency law in January 2021, the country’s cryptocurrency market is still largely unregulated and is associated with a lot of uncertainty, according to a local industry advocate. Yury Pripachkin, head of the Russian Association of Cryptoindustry and Blockchain (RACIB), argued that the existing Russian crypto regulations are nothing more than “half-measures” that …
Russia does “absolutely nothing” to regulate cryptocurrencies, says industry advocate Read More
The impressive list of Russian entrepreneurs involved in multi billion dollar tech companies — from Pavel Durov (VK, Telegram), to Andrew Filev (Wrike), to Nikolay Storonsky (Revolut), to Ratmir Timashev (Veeam Software), and many more — is not coming to an end. 31-year-old Arseniy Vershinin, who was born in Ulan Ude, a small town in Siberia, is also one of them. A …
This techie from a small Siberian town co-owns a $6 billion German HR tech startup Read More
Russian online bank Tinkoff has launched an e-commerce venture. The new platform, a constellation of services and tools designed to help entrepreneurs handle and boost their online sales, will cater to a rapidly expanding online economy in Russia, as well as to clients hoping to grow their international presence. Tinkoff has hired Ilya Kretov, formerly …
Tinkoff enters e-commerce race as competition intensifies Read More
As part of an already established trend, the past few weeks saw Russian players assert themselves again on the international express delivery scene. In early October, two Russian entrepreneurs, Yevgeny Bisovka and Razmik Sukiasov, announced they completed a $6.1 million round of funding to develop their service Tiggy in Vancouver, Canada. This company offers “free 15-minute grocery delivery with …
New Russian delivery services launched in London, Oman and Vancouver Read More
WowCube, a startup founded by IT entrepreneur Ilya Osipov from Nizhny Novgorod, is reinventing the Rubik’s cube. Launched in 2017, the company touts itself as “the first-in-class innovative gaming platform where virtual gameplay is controlled by physically tilting, twisting, and shaking the device.” According to CrunchBase data, the company — now registered in Florida — …
Russian-founded startup raises $4.5 million to reinvent the Rubik’s Cube Read More
Admitad, an international affiliate network with Russian roots, announced two acquisitions this month, targeting Russian startups CheckScan and Pampadu. The previous has developed a QR code scanner for receipts that allows customers to analyze their spending and compare prices across various outlets. CheckScan claims to processes over 2 million receipts a day, serving “hundreds of thousands of consumers” across the …
Adtech major Admitad buys two Russian startups, opens US office to “expand aggressively” Read More
