Speech recognition technology from Russia stands out at international contest

May 9, 2020

Last week Russia’s Speech Technology Center (STC) and ITMO University saw their speaker diarisation and speech recognition technology win an international contest, the CHiME Speech Separation and Recognition Challenge (CHiME-6).  The technology demonstrated a superior ability to recognise English speech from multiple microphones in a natural, noisy environment. It took the first place the most difficult …

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Survey: 3 VC investors in 4 in Eastern Europe did not cancel or renegociate their deals amid the pandemic

May 11, 2020

Last month ProVenture, a Telegam channel dedicated to venture and startup activity, surveyed venture investors from Belarus, Russia and Ukraine. Fifty two investors, 29 private VC fund managers, 5 private PE fund managers and 8 business angels took part in this online poll. ProVenture founder and Da Vinci Capital investment director Denis Efremov shared the main results of the survey with East-West Digital News. Almost all respondents did feel an …

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Runa Capital’s $157 million new fund will chase machine learning and quantum computing projects

May 12, 2020

Runa Capital, a Palo Alto-headquartered VC firm with Russian roots, has closed its $157 million third fund – above the initially considered $135 million target. “The fundraising started last year and went super fast, we were oversubscribed already months ago,” the firm’s managing partner Dmitry Chikhachev told East-West Digital news. Launched in 2011, Runa Capital’s first …

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20 sovereign funds and international institutions prepare joint response to Covid-19 pandemic

November 12, 2020

More than 20 international investment institutions and sovereign wealth funds, including Russia’s RDIF, are discussing potential coordinated efforts to fight the Covid-19 pandemic. In late April a video conferencegathered these organizations representing Brazil, China, France, India, Italy, Japan, Kuwait, Oman, Russia, Saudi Arabia, Singapore,  South Korea, Thailand, the UAE and the USA. As stated by …

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From web optimization to e-commerce solutions, French tech entrepreneurs try their luck in Russia

May 15, 2020

French Tech, a government-backed initiative aiming to support French startups and tech entrepreneurs across the world, launched its Moscow chapter in 2015. The community now gathers some 200 members, including tech entrepreneurs, representatives of French and Russian tech companies, funds and accelerators, as well as key institutions. French Tech Moscow has published on Medium a …

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In Russia’s regions under lock down, digital permits could expose citizens to mass data leaks

November 12, 2020

At least 21 autonomous republics and regions of the Russian Federation are setting up digital permit systems to enforce self-isolation rules: with a few exceptions, anyone who wants to leave their home in those regions needs or will need an official permission. These regional governments are using one and the same application: “Gosuslugi Stop Coronavirus,” …

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Is Telegram’s blockchain project heading to legal, technical and financial failure?

May 12, 2020

[Updated May 7] Last week Telegram, the messaging app founded by Russian tech guru Pavel Durov, postponed yet another time the release of its blockchain platform TON and cryptocurrency Gram. The hypothetical launch is now scheduled for April 2021 with a clawback clause for investors. Through a controversial ICO in early 2018, Telegram raised some …

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Rosneft and Putin’s alleged daughter lead search for ‘Russian gene’

May 2, 2020

In 2018, Vladimir Putin announced a $1.7 billion genetic program, comparing the potential of genetic engineering to a new “nuclear bomb”. The following year, the president’s alleged eldest daughter, Maria Vorontsova, joined the program’s advisory council and, this week, state-owned oil giant Rosneft got involved. Russian online publication The Bell looks with some skepticism at the players …

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Amid the epidemic, new legislation opens way for online pharmacy activity

April 30, 2020

Earlier this month, a new legislation on online pharmacy activity came into force, following several years of discussions. The Covid-19 pandemic, which is severely hitting Russia, accelerated the adoption of the law, which allows to sell online non-prescription medication – as well as prescription drugs in times of epidemic or in a state of emergency. Online selling of drugs, …

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eBay teams up with Russian authorities to help Russian e-merchants sell globally

May 22, 2020

Earlier this month eBay announced it is putting 100 million rubles ($1.37 million at the current exchange rate) in a new program to support Russian online retailers in their effort to develop sales abroad.  Dubbed ‘Open To All The World,’ the program targets specifically entrepreneurs who register on eBay for the first time and make available …

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A Russian-born ‘soonicorn,’ Miro raises $50 million from Silicon Valley tech billionaires

June 21, 2021

Miro, a Californian startup with Russian roots previously known as RealtimeBoard, announced yesterday a $50 million Series B round. The funding came from Iconiq Capital – a Silicon Valley fund backed by such tech billionaires as Mark Zuckerberg and Jack Dorsey – with Accel and several individual investors also contributing to the round. The detail of the deal were …

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Covid-19 patient data leaks out of hospitals and police stations across Russia

April 23, 2020

In Russia, coronavirus patients are facing a mass wave of doxxing attacks, meaning that their identities and private data are being made public on messaging apps and social media. The attacks often stem from leaks of medical and law enforcement data that come directly from doctors and police officers themselves. The victims of the leaks then …

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