Russian startup attracts $1.2 million to develop AI-powered diagnostics and disease risk assessment tools

December 25, 2020

Botkin.AI (Intellogic), a Russian startup that has developed an AI-powered radiology platform, has completed a 160 million rubles Series B round ($1.2 million at the current exchange rate). The money was injected by two medtech investors: investment holding Tashir Medica and RVC-backed Unicorn Capital Partners.   The funds which took part in the previous round (100 million rubles in June 2019) backed again the …

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Oleg Dubnov of Skolkovo Energy Cluster: “Green is not contradictory to business — and technology is key to this”

December 24, 2020

After holding top positions across the Russian energy industry for more than a decade, Oleg Dubnov has been heading Skolkovo’s energy cluster since 2017. He shared with East-West Digital News fresh insights about the emergence of green technologies in Russia, the related industrial challenges and the international potential of Russian startups in this field. So …

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Telegram to launch pay-for services in 2021

January 6, 2021

Encrypted messaging app Telegram will launch pay-for services in 2021, its Russian-born founder Pavel Durov said Wednesday, as the growing company needed “at least a few hundred million dollars per year.” “Telegram will begin to generate revenue, starting next year,” Durov said in a statement. “We will be able to launch countless new features and welcome billions …

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Sber’s international accelerator launches third batch with support from 500 Startups

December 23, 2020

Sber, Russia’s state-controlled financial and tech giant, and its US partner 500 Startups announce the third batch of Sber500, their joint startup acceleration program. The closing date for entries is January 10, 2021.  This batch is touted as a “powerful response to the current challenges and conditions that startups faced in 2020.”  The program will …

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Moscow Metro launches contactless instant payment service with support from Google and Mastercard

December 23, 2020

Moscow Metro has partnered with VTB, a leading Russian financial institution, and Google to launch a new payment service.  Users with the Google Pay payment service and a Mastercard card can now instantly pay for their metro ride: they just need to hold their smartphone above the reader at the turnstiles.  In the near future, the new …

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Pro-Kremlin trolls invade TikTok as Chinese network gains massive popularity in Russia

December 21, 2020

This material is a shortened version of an article which appeared in The Moscow Times Whether you live in Moscow, Berlin, New York, Tokyo, Delhi or Buenos Aires, chances are you still think TikTok is some kind of marginal Chinese social network where teenagers from all over the world dance and sing. Not anymore, it …

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Russian dating major Mamba invests $3 million to develop in Germany, Italy

December 21, 2020

Russian online dating leader Mamba is investing some $3 million to develop its business in Germany and Italy, reported Kommersant, citing exchanges with company representatives. The company expects the average monthly revenue per user in these countries to be almost twice as high as in Russia, where it stands around 500 rubles ($6.7 at the …

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Tech sector drives diversification of Russian stock market

December 21, 2020

Today Russia is adding two new names from the online sector to its benchmark stock market index (‘MOEX index’) as technology firms lead a diversification drive on the stock market, long skewed towards the dominant commodities industries. In a symbolic shift away from commodities, Internet major Mail.ru Group – which is also listed on the London …

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Facebook takes down rival networks from Russia and France for attempted interference in African countries

December 17, 2020

Facebook has removed three networks originating in Russia and France for violating its policy against foreign interference, the company reported on Tuesday, December 15. According to Facebook, these networks were responsible for carrying out “coordinated inauthentic behavior” targeting multiple countries in North Africa and the Middle East. While Facebook has removed Russian “troll factories” for …

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Russian Softline to acquire German Softline

December 23, 2020

This deal might look modest in amount, but it is a very rare case of a Russian acquisition in Germany in the field of IT. Softline, a Moscow-headquartered international solution and service provider, is taking control of the almost eponymous German IT company Softline AG.  The Russian group has agreed to acquire 63.38% of the German company, which is listed …

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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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