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Automated navigation robot developer secures $3 million in Series A round to develop internationally

RoboCV, a Moscow-based startup developing autopilot solutions for vehicles and industrial equipment, has just raised $3 million in a Series A round. The funds will be used to develop existing autopilot systems for warehouses and to develop a pre-series autopilot RoboCV X-MOTION, the company stated. Also, RoboCV has plans to implement a full-scale complex robotics …

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Russia’s first TV channel and VKontakte agree legalization of video content

In yet another step in VKontakte’s strategy to legalize its content, the social network has reached an agreement with Channel One, Russia’s first TV channel. The broadcaster will provide the rights to broadcast its programs and popular shows in exchange for a share of advertising revenues. The news was reported on Wednesday by Russian business …

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‘Future Academy’ blends online and offline to bridge Russian, US educational systems

Last month the fledgling Russian online education industry saw the launch of a new, internationally-oriented project. Using both online and offline teaching methods, The Future Academy offers fully accredited secondary education programs to Russian kids 12 to 17 years of age. The school has been backed at the seed stage by Russian venture fund Digital Ventures, …

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Russian fintech fund Life.Sreda acquires Southeast Asian mobile acquiring startup iboxPro

Life.Sreda, a Russian fund investing in financial and mobile technologies, has acquired iboxPro, a leading Asian mobile point-of-sale service, and intends to merge it with its Russian portfolio company LifePay. The details of the transaction have not been disclosed, but an unnamed source told business daily Kommersant that it amounted to “up to $10 million.”

QIWI launches new accelerator Universe 2.0

QIWI Venture, the investment arm of Russian electronic payment giant QIWI Group, has launched a new acceleration program, Universe 2.0. Like its predecessor, the program is intended to facilitate the quick launch of pilot projects which are looking to work in partnership with the company. QIWI hopes the accelerator will attract both major, established companies and …

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Yandex says Google shutting others out from Russian Android devices

Russian Internet giant Yandex has requested that Russia’s Federal Anti-Monopoly Service investigate Google for violating Russian legislation, news agency RIA Novosti reported on Wednesday. The regulator now has one month to consider the request from Yandex, Russia’s top search engine and provider of a range of digital services, such as Yandex.Maps and Yandex.Music, a music streaming service. Useful Microsoft 70-346 Questions With Low Price the sound, …

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Russian cross-border consumers complain most about marketing inaccuracies and returns

According to new research conducted by Teleperformance, a global outsourcing specialist in segments such as customer service and technical support, complaints of Russian consumers towards cross-border e-commerce companies center primarily on failed marketing obligations, returns queries and currency conversion processes. Teleperformance conducted an internal survey among its customers and partners to find out what Russian …

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Maxfield Capital invests in 3D printing startup Zdravprint

Maxfield Capital, a venture fund operating globally from its offices in Moscow, New York City and Tel Aviv, has invested an undisclosed amount in Zdravprint, a Russian startup that develops medical 3D-printing technology. It is the first time Zdravprint has received venture money, the fund’s Corporate Communications Director Nadir Khabdulin told East-West Digital News.

Yandex announces fourth quarter and full-year 2014 financial results

Moscow and Amsterdam – Yandex (NASDAQ: YNDX), one of Europe’s largest internet companies and the leading search provider in Russia, today announced its financial results for the fourth quarter and the full year ended December 31, 2014. “The company performed well in the fourth quarter and demonstrated another full year of excellent results, despite the difficult …

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