Russian government prepares to launch coronavirus contact-tracing app

Russia’s Digital Development Ministry is finishing work on a new mobile app designed to combat the spread of COVID-19. Its working name is ‘Stopcoronavirus. My contacts.’ The contact-tracing app, which relies on technologies developed by Apple and Google, is designed to track nearby mobile devices and warn the user if they have been within 10 …

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New Russian AI and cloud investment firm backs 3D rendering company Megarender

Russian 3D rendering company Megarender has secured $3 million from Scalo Technologies, a firm launched earlier this year to invest in artificial intelligence and B2B cloud services. Megarender facilitates access to powerful servers to increase considerably the speed of 3D rendering. Customers may thus use such software as 3ds MAX, Arnold, Blender, Cinema 4D, Corona Renderer, …

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From energy policies, to education, to crime investigation, Russian government bets on AI to achieve its digital transformation

The Russian government has plans to use of artificial intelligence increasingly in the framework of its digital transformation.   On November 12, the heads of digital transformation of seven federal ministries and agencies — covering energy, industry and trade, culture, education and science, cadastre, agriculture, and taxes — gathered in a “strategic session on artificial …

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Amid strong investor demand, Ozon hopes to raise up to $1 billion in US IPO

Ozon, the leading multi-category e-commerce platform in Russia, filed today an amended version of the SEC registration statement for its NASDAQ IPO. The company will go public at a valuation of $4.6 billion to $5.6 billion, Financial Times reports from unnamed sources “familiar with the plans.” This is is more twice as high as the underwriters’ initial highest estimates, …

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Russia’s first AI-powered harvesting successes open the way to a wave of agritech innovation

Cognitive Technologies, an established Russian software corporation, is developing one of the world’s most advanced autonomous AI-based driving systems for farming equipment. Under the brand ‘Cognitive Agro Pilot,’ this system was used across 35 regions of Russia when reaping the 2020 harvest. “Between June and October 2020, over 350 autonomous harvesters fitted with [our] solutions …

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Russia’s BioFoodLabs health food is flourishing in times of pandemic

Russians have been bingeing on health food in an effort to build up their immune systems in the hope of protecting themselves from the novel coronavirus. That’s how Elena Shifrina, former model, MIT alumnus and now CEO of Russia’s premier health food company BioFoodLabs explains the surge in sales this year. bne IntelliNews profiled Shifrina three years ago when …

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‘Geek Teachers’ innovate Russian classrooms

Maria Plotkina and Arina Nuriahmetova were stressed young computer science teachers battling an entrenched system of learning when they decided to set up Geek Teachers to equip school teachers across Russia with the IT skills to bring the latest education technologies to the classroom. Four years later, their platform, which has over 13,000 online followers, …

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Twice as expensive as Elon Musk’s Starlink, Russia’s satellite Internet project still awaits state funding

Russia has plans to develop its own cluster of at least 500 “next-generation, multi-spectrum satellites,” starting from next year. Dubbed ’Sfera,’ the program aims to provide high-speed Internet access and communications — particularly, along the Northern Sea Route — similarly to Starlink, a project developed by Elon Musk’s SpaceX.  Under plans, the first satellites could be …

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Michael Calvey freed from house arrest weeks after settlement of civil claims

American investor Michael Calvey and six other defendants in the Baring Vostok case have been released from house arrest, Russia’s Supreme Court ruled Thursday. This is the latest breakthrough in one of the most high-profile cases in the Putin era involving foreign businessmen. Their private equity fund, Baring Vostok, has been an investor in some of Russia’s …

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Moscow’s Digital Twin project receives international ISOCARP award

The “Digital Twin” project, which allows to model the development of a city taking into account all parameters, received an award from the International Society of City and Regional Planners (ISOCARP). The Digital Twin is based on a photogrammetric model of the city and an archive of panoramas of the streets of Moscow. The visual …

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After raising $2.1 million, this Russian truck driving startup wants to become a unicorn

Fura, a Moscow-based startup offering high-tech services to truck drivers, has raised 160 million rubles ($2.1 million at the current exchange rate) in a Series A round led by an unnamed Swiss-Russian fund. Alexander Popov, Svyatoslav Vilde and other individual investors also took part in the round. The fresh funding will be used to strengthen the …

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