Infratel, provider of cloud telephony services for small businesses, announced yesterday it has secured $3 million in Series A funding from Moscow-based international funds Prostor Capital and Runa Capital. The terms of the deal have not been disclosed. The funds will be used to build out Infratel’s cloud telephony platform for small business and to strengthen the company’s presence globally.
TASO, a Russian company based in Tyumen, Western Siberia, has plans to complete by the end of this year the development of TASO-NeuroMeccano, a software for global supercomputers, the regional news agency Tyumen Line reported last week citing the West Siberia Innovation Center. The software will reportedly enable the development of neurogenetic networks, dynamic models …
Artificial neural networks near fruition in Tyumen Read More
Moscow – Cisco has announced the launch of a Southern IT District project, part of a three-year program aimed at developing and modernizing IT education in Russia. The project is focused on promoting IT education in the Southern and North Caucasus Federal Districts (the last has the highest level of unemployment in Russia). Today 35 Cisco …
Cisco Networking Academy to help decrease unemployment in south of Russia Read More
Moscow – SITRONICS (LSE: SITR), the leading provider of telecommunications, IT and microelectronics solutions in Russia and the CIS, summarises the first year of its NIKA presence in the Indian market. Over this period, the security and navigation solution has been implemented at more than 30 local companies. NIKA is SITRONICS’ project aimed at helping …
The London-headquartered Russian fund TMT Investments has invested $5 million in equity funding in Backblaze, a leading California-based online backup provider. While Backblaze is already profitable, this funding will be used to accelerate hiring for product development, global marketing, and partnerships, the company stated last week. TMT also invested $325,000 in Pipedrive, an Estonian business software …
Russian DTH provider Tricolor last week announced plans to serve 1.2 million HD pack subscribers by the end of 2012 and 7 million by 2015. Industry experts have expressed doubts about these goals, as the company has attracted a mere 25,000 subscribers since its offer launch last April – a figure that includes 20,000 subscribers …
Tricolor TV targets 7 million HD pack subscribers by 2015 Read More
Milpitas, USA – ABBYY®, a leading provider of document recognition, data capture, and linguistic technologies and services, today announced that ABBYY Language Services, part of ABBYY Group, acquired 100 percent of Connective Language Services to increase its productive capacity and expand its service offerings in the North American market. ABBYY Language Services provides comprehensive language support to …
ABBYY acquires Connective Language Services to strengthen its position on US market Read More
Leading Russian SEO and online advertising automation platform SeoPult announced yesterday that it raised $10 million from iTech Capital, a Moscow-based private equity and VC fund, in exchange for an undisclosed minority equity stake. The amount stands as a record in the Russian online marketing industry. The SEO and SEM markets in Russia are growing steadily …
SEO and advertising company SeoPult raises record $10 million; eyes foreign markets Read More
The users of Yandex and its partnering sites click significantly more often on sponsored links following the introduction of new targeting instruments in the third quarter of last year, the search company announced to the press on Tuesday. These new instruments include targeting by gender, age and other socio-demographic criteria. Click-through rates grew by no less …
Yandex improves click-through rates, expands profitability Read More
Last week, “Zhigulyovskaya Dolina,” a technopark nearing completion in Russia’s Samara region, and China’s Tsinghua Science Park (TusPark) of Tsinghua University in Beijing signed a memorandum of cooperation. TusPark specializes in commercializing science and technology research.
Six projects have won the “Startup-Sabantuy!” contest organized by Kazan’s IT-Park and the venture fund Runa Capital. Two thousand participants from 13 cities of the Volga Federal District presented 130 projects in an “elevator pitch” format. Thirty selected projects then took part in the next stage – a five-day Startup Camp that included business training …
Tatarstan startup contest sees six winners; government grants issued Read More
The Sunnyvale, California headquartered Plug and Play Tech Center officially opened its Moscow branch last month in partnership with GVA, a venture investment company that aims to bridge California with emerging markets. After multiple official speeches and presentations, the grand opening event featured a startup battle, already quite a familiar format for the Russian tech …
