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For many investors and entrepreneurs in the West, doing business in Russia can seem like a step into the unknown. With a little knowledge of some of the key cultural differences and unique properties of the local tech scene, Russia can easily become one of the most attractive tech markets in the world for investors. Russia in numbers.
Increasing geopolitical tensions have raised concerns that countries such as Russia, China, and North Korea could target subsea cables during a military crisis. Such a thing is not unprecedented; Yemeni Houthi rebels were suspected of damaging underwater Red Sea cables responsible for 17% of global internet traffic in February.
With that in mind, I wanted to share a list of funding and grant resources available for nonprofits serving that community. Grant Research Tip : As you search for funding opportunities, keep an eye on the grant application deadlines. Funding Priority: LGBTQ+. Urgent Action Fund. Visibility Impact Fund.
Asteroid 2024 YR4 — spotted by a telescope from the NASA-funded Asteroid Terrestrial-impact Last Alert System — has been deemed an object worthy of close monitoring because of its size. " Currently, no other known large asteroids have an impact probability above 1 percent," the space agency explained.
Now Nord Security , the startup behind one of the bigger paid VPN providers, NordVPN , is announcing significant funding at a “unicorn” valuation to build out both its consumer and enterprise business lines to capitalize on that growth. So why raise now? Some of that criticism has touched NordVPN, too. firm Versprite.
Well that’s one way to do propaganda : The search engine giant Google was hit with $375 million by Russia for failing to take down certain content, Ivan writes. The fine came a month after Roskomnadzor, Russia’s telecommunication watchdog, warned the company it could face penalties for violating local laws. Christine and Haje.
We’ve got acquisitions, funding rounds, the end of products, and more. The push to fund Ukraine’s war-torn nation-state with crypto is turning out to be An Actual Thing. Scooting along: Accel has put together a new fund to invest in India. Before we get into the day’s funding round revue, two more short notes. The answer?
is a facial recognition company with deep ties to Chinese police surveillance, and funding from US-based Sequoia Capital. Sequoia Capital has funded another company that later ended up on the Entity List. DeepGlint, also known as Beijing Geling Shentong Information Technology Co., SenseTime then divested its 51 percent stake in it.
In addition to speaking at IDCEE’13 in Kyiv, Cooper had another goal in visiting Ukraine (and Russia, a couple of days before that). The competition was intended for software developers from Russia and Ukraine. Russia and Ukraine have been sort of anchors for oDesk on the technical side,” Cooper explained.
million in its first outside funding. from Russia. The startup has a mass of developers based out of Russia but EWA itself is officially based in Singapore — something that Korneev said was very much intentional because it’s hard at the moment (understandably) for Russian startups to raise money from western investors.
The DDoS attack comes as Russia has claimed to be de-escalating potential conflict by withdrawing troops from the Ukraine border — a statement that was met with “cautious optimism” by NATO but has also faced skepticism amid a series of contradictory signals from the Russian military. Four hours later, the site still could not be accessed.
VC funding into Europe (including the U.K.) But Europe isn’t the only place where VC funding didn’t decline. But Europe’s situation is perhaps more curious; after all, it is the closest to Russia and its war on Ukraine. was up in the first quarter of 2022, CB Insights and Crunchbase data show. Data overview.
Well, they’ve come a long way, and now the Zug, Switzerland-based, company has raised a $33 million Series C funding round led by Mubadala Investment Company. Faris Al Mazrui, head of Russia and CIS Investments at Mubadala, said: “Open Mineral is disrupting the commodity trading business by leveraging data analytics technology.
Funding sources for tech startups in Ukraine have gone off a cliff this year, with investors (and their LPs) wary of taking on the risk of backing potentially promising ideas and people who have stayed in the country amid the sustained, persistent and increasingly ugly onslaught from Russia. and Catherine T. MacArthur Foundation.
If you’re in India, the Philippines, Russia or Vietnam, Amazon Prime and Gorillas are probably not that much use to you. At the same time, it has raised $35 million in a Series C funding round led by UAE-based investor Mubadala. Also participating were VNV Global, RDIF, Flashpoint Venture Capital and others.
Myst Labs, a Chinese e-cigarette maker co-founded in 2019 by Chenyue Xing, a chemist who was part of the team at Juul that invented nicotine salts , a key ingredient in vaping, recently raised “tens of thousands of dollars” from a Series B funding round. The financing was led by its existing investor, IMO Ventures.
American University in Bulgaria created a fund to support students affected by the conflict between Russia and Ukraine. CARE ‘s Ukraine Crisis Fund is raising funds to help the millions put at risk because of the conflict. Global Impact created a Ukraine Response Fund to support humanitarian efforts in Ukraine.
YouTube is now blocking Russian state-affiliated media around the world , and we took a look at how the move to halt sales in Russia will impact tech concerns more generally. In response, Russia has decided to block Instagram , which we presume is more a defensive move than an offensive one. Startups and VC.
The decision comes as Ukraine has received cryptocurrency donations worth tens of millions of dollars from individuals and groups hoping to help the country’s war effort against Russia. In more than three weeks of war, the Crypto Fund of Ukraine has raised more than $54 million in cryptocurrencies.” Translation via Google Translate.).
And today it’s announcing a new €20M bridging funding round, ahead of the expected (beefier) B. It notes that this (pre-) Series B funding includes the issuance of convertible notes which will lead to equity next year in the full Series B round so a bunch of investors are clearly bought into its sales growth pitch.
The email also tells employees that Apple will be matching donations they make to certain humanitarian relief funds two to one, and will do so retroactively for donations made since February 25th. We have paused all product sales in Russia. RT News and Sputnik News are no longer available for download from the App Store outside Russia.
Since Russia’s invasion of Ukraine, Google has scaled back its presence in Russia, including pausing all ad sales and removing Russian state-funded media apps from Google Play in Europe. The new alerts system begins rolling out today and will ramp up to all Android phones in Ukraine in the coming days, Burke says.
Tech crackdown on Russia continues : The technology world is tightening the screws on Russia in the wake of the country’s invasion of Ukraine. Russia blocked Facebook. The corporate venture world is not the only place where we’re seeing more funds pop up. The TechCrunch Top 3. In response? Startups and VC.
But not so quiet that we didn’t have lots to chat about, so here’s the latest: The Russian startup market isn’t huge — data here — but when we consider the number of startups in Ukraine as well , the impact of Russia’s war and the world’s sanctions will bite. Oh, and this looks very neat.).
million venture fund called Tiger Private Investment Partners XIV that it expects to close in March. The fund is Tiger’s 13th venture fund, despite its title — the partners might be superstitious — and it comes hot on the heels of the firm’s 12th venture fund, closed exactly a year ago, also with $3.75
To be clear, Ecosia is also continuing to fund tree-planting with search ads profits (an activity it’s best known for) — but the Berlin-based search engine told us it’s now making an “ongoing commitment” to green energy investment as a result of the energy crunch triggered by Russia’s invasion of Ukraine. .
Netflix will not distribute a number of state-run channels in Russia as mandated by a new law, the company says, following reports that it could soon be forced to carry the networks. Following Russia’s attack on Ukraine , tech companies are being pressured to answer for how they’ll continue to operate their businesses in the country.
In the rest of this newsletter, we’ll talk about All Raise’s new CEO, funds to back other funds and Ukraine. And this is a complementary measure to sanctions which we expect is going to push the development of Russia back decades. Other coverage about tech and Ukraine: Russia’s war hits Yandex, the ‘Google of Russia’.
The Singapore-based company announced today that it has raised $640 million in Series E funding to expand its products, which combine computer vision and cloud-based software to help brick-and-mortar stores manage their inventory, merchandising and operations. Other participants included new investors OMERS and Sony Innovation Fund by IGV.
For more than three months, Ukraine has been engulfed in the flames of a war with Russia. This has helped founders become disciplined when allocating funds or scaling operations for their customers in other countries. Oleksandr Yaroshenko is head of investor relations at Headway , an edtech startup based in Ukraine.
Tech’s response to Russia: I’m bringing you these notes as a group so that you can digest them in sequence. TechCrunch wrote about automakers pulling out of Russia , Spotify closing its Russian office , and how Twitter’s geoblock of Russia Today in the EU is off to a less-than-perfect start. What’s being funded in Africa?
But it just didn’t feel right for us to sit and chit chat about funding rounds and executive shuffles when Russia is busy invading a democracy under false pretenses. What we wound up recording was short, and frankly a little bit raw and from the gut. That’s it from us.
After a decade-long bull run, many venture capital funds have found themselves holding overvalued shares of companies whose IPO prospects have been either eliminated or significantly delayed. are morally and financially invested in preventing Russia from successfully annexing parts of Ukraine. With respect to the U.S.
London grocery delivery upstart, Jiffy — which was only founded in April this year — has nabbed $28 million in Series A funding around half a year after initial £2.6M The Series A funds will go on expansion within London — and maybe also further afield, as Jiffy eyes moving into other urban locations in the UK.
The company says Ukrainians will be able to send and receive funds in US and Canadian dollars, as well as British pounds and Euros. Ukrainian Vice Prime Minister and Minister of Digital Transformation Mykhailo Fedorov has been actively reaching out to many tech companies, asking them to help Ukraine and cut off services to Russia.
According to him, recent global events like Visa and Mastercard pulling out from Russia, leaving China’s UnionPay to fill in the void, have made it evident that payments are a politicized endeavor. “The purpose of creating another card network is an inspiration of what’s happening right now.
The spies, working for Russia’s foreign intelligence service, had first targeted SolarWinds, an IT company whose software helps to remotely manage the networks of thousands of businesses, Fortune 500 organizations and federal government agencies. .” By late last year, the alarm bells were just starting to ring. federal networks.
Xreal announced in January 2024 it had raised an additional $60 million in funding for further development of its AR glasses. Varjo and partner Dogfight Boss also announced in August that their headset-based F-16 simulator had been deployed to help Ukraine train fighter pilots in its war with Russia. In the U.S.,
Cocos Technologies, a China-based game engine provider that has been around since 2010, just announced it has picked up $50 million in a Series B funding round in a bid to work on development and move beyond games. and Russia. It’s also making forays into non-game scenarios like online education and autonomous driving.
The Android app will be available in Brazil, Japan, and Russia on Tuesday, India and Nigeria by Friday, and the “rest of the world” throughout the week. Despite its early limited access Clubhouse grew to 10 million users in its inaugural year, and was recently valued at $4 billion after a new funding round. Android rollout continues!
Come Back Alive’s page said that funds would be used to train soldiers, as well as provide technical equipment, according to Patreon’s blog post. But the branding of the NGO’s Patreon tiers — including “Bullet,” “Projectile,” and “Bomb” — led to confusion that funds were literally buying ammunition for the Ukranian military.
The DOJ alleges that Alla Witte was part of a criminal organization known as the Trickbot Group that operated in Russia, Belarus, Ukraine, and Suriname. The group allegedly used stolen personal information “to gain access to online bank accounts, execute unauthorized electronic funds transfers and launder the money through U.S.
Warren’s seed funding also included participation from Lemonade Stand and angel investors like former Nokia vice president Paul Melin and Marek Kiisa, co-founder of funds Superangel and NordicNinja. Tael said the startup is also in discussion with potential partners in other markets, including Russia, Turkey and China.
Today marks exactly one year since Russia’s illegal, unprovoked, and brutal of Ukraine. This week, a majority of the members of the United Nations reiterated its demand that Russia “immediately, completely and unconditionally withdraw all of its military forces from the territory of Ukraine and called for a cessation of hostilities”.
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