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Business & Legal Environment

Sep 01, 2018

Moscow-based “funtech incubator” invested in 20 companies in one year

The deal was closed in April and publicly announced earlier this month

Aug 20, 2018

Russian-founded startup raises $5.7 million to help crowdworkers and data scientists work together

Dbrain is developing is platform as “an end-to-end AI production solution” that “links teams of crowdworkers and data scientists to prepare datasets, to develop and to train AI models.”

Aug 10, 2018

Government fund invests in 3D models of e-commerce customers

Russia’s Internet Initiatives Development Fund (IIDF, aka FRII) is investing $820,000 in Texel, a Russian start-up that is developing 3D models of the human body

Aug 09, 2018

Rostec and Citadel to invest more than $60 million in IT security joint venture

State corporation Rostec and IT holding Citadel have announced an agreement to launch a joint venture which will create corporate IT products based on military developments in the field of information security

Aug 09, 2018

Yandex.Money launches advanced mobile payment services for e-merchants

Earlier this month Yandex.Checkout, the B2B branch of Yandex.Money, announced an update of its mobile software development kit (SDK)

Jul 24, 2018

Moscow Seed Fund invests in AI for best location of businesses

Moscow Seed Fund, a fund set up by the Moscow City government to do venture investing, has invested about $81,000 in BestPlace

Jul 23, 2018

Government giant invests in Russian service robotics

VEB Innovations, a subsidiary of Russia’s VEB Bank (one of this country’s largest government-owned banks), is investing $7+m in Promobot, a domestic service robots developer

Jul 10, 2018

Russia backs medical IT developers

Russia’s Advanced Research Fund (ARF) has been boosting support for developers of IT projects to be used in medicine

Jul 09, 2018

Moscow tops European ranking in digital innovation

The McKinsey Global Institute (MGI) evaluated 50 smart cities based on the latest urban technologies available to citizens, and Moscow was ranked first in Europe

Jul 09, 2018

Government giant invests in Russian service robotics

Promobot is expected to use the new funds to upgrade its product line, step up production, and scale up its business

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