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 …
Apple’s mobile voice-activated assistant Siri will be fully fluent in Russian as part of Apple’s March release of its newest smartphone software, industry website 9to5Mac reported. Siri allows iPhone users to ask questions or issue commands to their mobile phone, such as locating nearby restaurants or calling a friend. The service was first released in …
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 »
The board of directors of Austrian IT-provider S&T AG has approved an investment plan which will see it pump tens of millions of euros into Russian companies in 2015. The plan was announced by S&T Vice-President Alexander Malshakov, responsible for the company’s business in Eastern Europe. S&T AG plans to buy several Russian IT companies, …
Austria’s S&T AG announces major Russian investment plan Read More »
SDI Research, a Moscow-based “semantic data integrator,” will receive a $335,000 grant from Skolkovo for the development of a next-gen semantic master data management (MDM) system to store and sync data. A reported by the Skolkovo Foundation, the effort will require an estimated $670,000 overall. The developer is expected to raise the remaining 50% from other …
Next-gen data management system to emerge in Russia Read More »
In 2014, according to a new report by international market research company PMR, the Russian market of commercial data center services reached 11.7 billion rubles (approximately $303 million at the average 2014 exchange rate), up 20.4% from the previous year. Development forecasts for the next few years remain positive. Organic growth is driven by the rapid development of …
Yandex, the Russian search giant, has acquired a browser application developed by Metabar, a portfolio company of Runa Capital. The financial details of the deal have not been disclosed, but Runa reported that it “provided a multiple return on investment.” Christened “Sovetnik” (Russian for “advisor”), this browser extension helps users find the best offer for …
Moscow and Amsterdam – Yandex (NASDAQ: YNDX), one of the largest European internet companies and the leading search provider in Russia, today announced it is embarking on a new B2B venture developing custom-made big data solutions for businesses – Yandex Data Factory. Yandex Data Factory, an international project with offices in Moscow and Amsterdam, will provide services …
Yandex to provide big data solutions to businesses Read More »
Cream Finance, a European company that provides short-term consumer loans, has raised $6.2 million (€5 million, both debt and equity) from Flint Capital, a globalized Russian venture fund launched last year. Founded in 2010, Cream Finance is the parent company of CreditOn, LendOn, and CreditOne, consumer credit services that operate in Latvia, Czech Republic, Poland, Georgia, …
Dashboard Systems, a Russian corporate software publisher, has raised “more than 100 million rubles” (approximately $2 million at the current exchange rate) from Russian IT firm LANIT and fund Buran Venture Capital, Vedomosti reported last week. Dashboard Systems founder Vladimir Bernstein told the business daily that both companies will receive a blocking stake in the company, but did …
Dashboard Systems receives $2 million from Buran Venture Capital and LANIT Read More »