Last week Runa Capital, a venture firm operating globally from its offices in Moscow and San Francisco, announced a €3 million investment in MariaDB Corporation, a global software vendor specializing in high availability, high performance and highly scalable open source database solutions. Headquartered in Espoo, Finland, MariaDB (also known as SkySQL) aims to become “the …
Earlier this month SBT Venture Capital, the venture arm of Russia’s national savings bank Sberbank, led a $6.5 million investment round for Mobeewave, a Canadian startup that develops fast and secure NFC mobile payment acceptance services. Business angels also participated in the round, but their identity has not been disclosed. Founded in 2012, Montreal-based Mobeewave presents itself as …
Russian Internet group Mail.ru said on Thursday the sale of its recruitment site might not be completed after the company saw an economic downturn constrain ad spending. The company expects revenue growth of 7-12 percent after 14.8 percent last year that included the results of the VKontakte social network on a pro forma basis, it said in a statement. Most Accurate Cisco 300-101 Prep Guide For …
Mail.ru Group says headhunter sale in doubt as Russia’s recession dampens revenue growth Read More »
Video surveillance firm VOCORD, a resident of the Skolkovo IT cluster, has unveiled a new traffic monitoring system called Cyclops able to collect evidence of violations across four lanes simultaneously. The product, which – as the name suggests – features a single-lens camera as well as a microphone and infra-red scanner contained in a metal …
Cyclops to monitor Russian roads for traffic violations Read More »
Buran Venture Capital, a Moscow-based, internationally-oriented venture fund, appears to be among the backers of Shazam, which raised $30 million this past January in a funding round that valued it at over $1 billion. While the other investors are still unidentified, the Russian fund revealed yesterday that it contributed $8.5 million in the round.
The Skolkovo Foundation may open a representative office in the Pacific port city of Vladivostok, the head of its space cluster, Sergei Zhukov, was quoted as saying on Wednesday. Asked about the innovation environment in the Far Eastern city of Komsomolsk-on-Amur, where projects from surrounding regions were presented to a Skolkovo expert panel, Zhukov answered: …
Innovating on the Pacific: Skolkovo branch planned for Vladivostok Read More »
Walking past a row of vending machines and ATMs at the Kursky train station in Moscow, Sergei Amirkhanov stops in front of a bright orange cash machine. Instead of inserting his bank card, he scans his passport, poses for a photo and enters his mobile number. He receives a text message on his phone a few minutes later, telling him …
This bizarre Russian ATM wants to lend you money Read More »
Russian venture fund AddVenture has invested an undisclosed amount in K50, a Moscow-based startup which is developing an optimization and analytics solution for the contextual advertising market. The deal valued the startup at $5 million. K50’s founding team, which previously financed the startup, will retain a controlling stake. Founded in 2012, the startup launched its …
Context ad technology startup K50 valued at $5 million in deal with AddVenture Read More »
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 …
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 …
Russia’s first TV channel and VKontakte agree legalization of video content Read More »