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Russian face recognition app now available to Twitter users and Turkish police

November 18, 2024

Now Twitter users can find a random person’s page in the network after taking a photo of them in the street. This functionality — a sort of Shazam for people — is offered by FindFace, an app that can scan Twitter’s database of 313 million active users in less than a second and find a match, if it exists. The app was made available to Twitter …

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Well drilling software publisher raises $2 million to increase drilling profitability “up to 5 times”

December 12, 2016

Geosteering Technologies (also known as Geonavigation Technologies or GTI), a Russian developer of software solutions for well drilling, has raised $2 million in a Series B round of funding. The round was led by AYR, a Moscow-based private equity and financial advisory firm, with participation from North Energy Ventures and Phystech Ventures, an earlier investor in the company. The deal, …

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Russian tech park Kalibr agrees cooperation with Iranian counterparts

December 9, 2016

During a visit in Iran last month, a delegation from Moscow-based technopark Kalibr signed a memorandum of understanding with two leading Iranian science and technology parks, the Fars and the Khuzestan technoparks. The three-year agreement encompasses several types of cooperation, from synergies between resident companies, to technology transfers between Russian and Iranian industrial companies, to …

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Russian banks targeted by massive cyberattacks

December 6, 2016

Over the past few weeks Russian banks have been targeted by several cyberattacks. Some of them were of unusual magnitude, allegedly involving foreign intelligence agencies. Thus earlier this week VTB, a major state-controlled bank, said that its websites had been hit by a DDoS (distributed denial of service) attack. However, the bank’s IT infrastructure “is working as normal …

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Russia set to become Blablacar’s largest market in 2017

November 12, 2020

Blablacar’s activity in Russia has reached a “phenomenal level,” said its co-founder and CEO Nicolas Bruisson in a recent interview with French business daily Les Echos. “Our concept is popular there, there was a demand but little competition,” Bruisson said. He expects Russia to become his company’s number one market, even before France, in 2017. The French …

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Food giant Cherkizovo teams up with Skolkovo to launch startup accelerator

November 28, 2016

Skolkovo, the international tech hub under completion on the outskirts of Moscow, has signed an agreement with Cherkizovo Group, a major Russian meat producer, to create a startup accelerator in the fields of biotech in agriculture and industry. Cherkizovo will rent 120 sq. m. in the technopark to provide a co-working and testing areas, along …

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Russian research institute provides Samsung with code analysis tool

November 24, 2016

Samsung has partnered with the Institute for Systems Programming of the Russian Academy of Sciences (ISP-RAS) to use a tool for static program analysis developed by the ISP’s researchers. Russian business daily Vedomosti reported about this partnership last week, based on exchanges with the ISP’s director Arutyun Avetysyan and Marat Guriev, GR Director at Samsung Electronics CIS. Samsung has invested …

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Russian sovereign fund makes new investment in Hyperloop One, aims to develop new projects with US and Asian partners

March 2, 2017

Russia’s sovereign fund RDIF has “increased by several times” its investment in Hyperloop One, the Californian startup which aims to commercialize next-gen transportation technologies. The transaction — which was part of Hyperloop One’s latest round of funding last month — was revealed on Saturday at the APEC summit in Lima by the fund’s CEO Kirill Dmitriev. Dmitriev presented Dubai port operator DP World, which led the …

Russian sovereign fund makes new investment in Hyperloop One, aims to develop new projects with US and Asian partners Read More

Access to LinkedIn officially blocked in Russia

September 4, 2021

Since this morning, many LinkedIn users from Russia have not been able to access the site. Local Internet service providers have started to block access to the site following as requested by telecom regulator Roskomnadzor. In a short statement, Roskomnadzor cites a Moscow court decision from August, according to which LinkedIn has failed to comply with the Russian legislation on personal data storage. This initial court decision was …

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Russian fund Pulsar Venture Capital opens representative office in Ireland

November 16, 2016

Yesterday Pulsar Venture Capital, an early-stage investment fund from Kazan, Russia, announced the opening of a representative office in Dublin. Pulsar sees Ireland as “one of the best international platforms for scaling business in Europe” through “the engagement of top technological companies and international investors,” said Pulsar’s CEO Pavel Korolev. The Dublin representative office will also work on technology transfers, …

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Sberbank prepares to launch new international fund of up to $250 million

November 15, 2016

Sberbank, Russia’s national savings bank, is in the process of creating a second venture fund, Russian news agency TASS reported last week. The size of the new fund, which will involve other investors, could reach up to $250 million, TechCrunch wrote yesterday. Sberbank invested $100 million in its first corporate venture fund, SBT Venture Capital (managed by MoneyTime Ventures). …

Sberbank prepares to launch new international fund of up to $250 million Read More

Russia and China launch new joint tech investment fund

November 10, 2016

In a new illustration of the two countries’ willingness to strengthen their ties in the field of high technologies, the Russia-China Investment Fund (RCIF) and Chinese company TUS Holdings have agreed to establish a joint Russia-China Venture Fund (RCVF). Signed earlier this week, the partnership has just been announced by the RDIF, Russia’s sovereign fund, which created the …

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