Eastern European edtech startup backed by Russian and South Korean investors to go global

February 19, 2020

In late January the Russian-born edtech startup Novakid closed a $1.5 million funding round involving South Korean VC BonAngels and Russian VC firm Leta Capital. The money will be used to develop Novakid’s technology further and to support its international expansion plans.  Founded in 2017 by Max Azarov, Novakid touts itself as “a next-generation early English learning …

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Samsung to abide by new Russian law on pre-installed apps

February 18, 2020

Samsung will meet the requirements of Russia’s controversial law requiring smartphone makers to sell their devices with government-approved pre-installed software, the company told Russian news agency RIA Novosti Monday. “Samsung Electronics will be ready to meet the requirements of the Russian legislation provided by the regulator and adapt the company’s activities in accordance with the …

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Taxi-hailing and foodtech on the rise: Yandex announces growing and more diversified revenues in 2019

November 12, 2020

Last week Yandex, the NASDAQ-listed Russian Internet giant, announced its unaudited financial results for Q4 and FY 2019. Consolidated yearly revenues grew 37% from 2018, reaching 175.4 billion rubles ($2.83 billion). Yandex’s adjusted net income increased by a more modest 6% to 23.5 billion rubles ($380.3 million). These results are below what analysts had pencilled in, …

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The world’s leading investors call for health and wellness innovators (Paris, March 23)

February 21, 2020

On March 23, the French capital is to host the world’s leading investors searching for early-stage innovation in health and wellness. Startups from Eastern Europe are welcome to this fast-track cross-border match-making event, which covers such industry segment as digital health, precision medicine, ageing in place, pharma, medical devices and IoT. To date, 40+ investors …

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One year after Michael Calvey’s arrest, the Baring Vostok case could soon come to an end

February 17, 2020

Last week several court decisions brought new developments to the Baring Vostok case, which started one year ago with the arrest of the firm’s executive team.  On Monday,  Feb. 10, a Moscow court ruled to keep US citizen Michael Calvey and French Philippe Delpal under house arrest until May 13.  The two expats had been …

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Twitter and Facebook fined over Russian personal data storage law

February 14, 2020

Yesterday a Russian court fined Twitter and Facebook 4 million rubles ($62,845) each for their failure to comply with Russia’s personal data storage law. According to the Russian media, the court session was attended neither by the representatives of the two companies nor by those of Roskomadzor, the Internet and telecom regulator, which filed the …

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Russians can use Qiwi, Sberbank, Yandex Money and now Binance P2P Exchange to buy bitcoin with rubles

February 14, 2020

As international demand for cryptocurrency is on the rise again, Russian searches for “биткоин” (bitcoin) on both Google and Yandex have been increasing. In the past month, Russian speaking users have been asking the search engines about bitcoin’s current rates in US dollar and Russian ruble and over the past week there’s been a 350% …

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Facebook removes dozens of Russian accounts spreading propaganda in Ukraine

February 14, 2020

Facebook has taken down 78 Russian-based accounts and pages spreading misinformation in Ukraine and neighboring countries on behalf of their government. The company reported on Feb.12 that three unconnected networks of accounts originating from Russia, Iran, Vietnam and Myanmar were removed for “coordinated inauthentic behavior” and “foreign or government interference.” According to the report, 11 pages, 29 …

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Russian mobile marketing solution provider receives $1 million to go global

February 13, 2020

ASOdesk, a Moscow based mobile marketing solution and service provider, has just agreed a $1 million investment from Embria. The amount will be provided in two tranches within a year in exchange for a minority stake.  Launched in 2015, ASOdesk touts itself as an “all-in-one solution to grow [your] app business.” It helps companies in app …

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Russia proposes banning foreign IT for critical infrastructure

February 12, 2020

A Russian government agency has proposed banning the use of foreign information technology for critical national infrastructure, a draft government order shows, as Moscow moves to step up its control over the internet within its borders. The Federal Service for Technical and Export Control (FSTEC) has proposed increasing the technological sovereignty of critical infrastructure, systems …

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In Moscow, more than 100,000 security cameras are connected to a powerful facial recognition system

November 12, 2020

Dmitry Golovin, who leads the Moscow IT Department’s video surveillance division, has revealed during a forum called Security Technologies that 105,000 of the city’s security cameras are connected to a facial recognition system. Over the course of Russia’s New Year holidays, Golovin added, that system helped state officials arrest 34 individuals who had been wanted …

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“Internet sovereignty:” Will Russia isolate its Internet segment from the rest of the world?

February 10, 2020

On Nov. 1, 2019, Russia’s so-called sovereign Internet law came into force “to ensure the integrity, continuity, stability, resilience, and security of the functioning of the Internet’s Russian national segment.” Its practical purpose is to prepare the country to be potentially cut off from the rest of the World Wide Web. The new legislation, however, is …

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