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For many investors and entrepreneurs in the West, doing business in Russia can seem like a step into the unknown. Within the Russian tech sector, the differences in business practices between the West and East are growing rapidly smaller. Russia in numbers. Russia currently has the largest online market in Europe.
On Tuesday, tech and communications regulator Roskomnadzor threatened to block Wikipedia over the Russian-language page covering Russia’s invasion of Ukraine, claiming it contained “false messages” about war casualties and the effects of economic sanctions, among other things. Tuesday’s takedown request threatened censorship.
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.
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. Big Tech Inc.
We’ve got acquisitions, funding rounds, the end of products, and more. Epic Games buys Bandcamp : Straight from left field, this deal took the tech world by surprise. The push to fund Ukraine’s war-torn nation-state with crypto is turning out to be An Actual Thing. Now, to work! The TechCrunch Top 3. Startups/VC. The answer?
In conversations about freelancing and online marketplaces for remote contract workers of the tech industry, the name of oDesk floats up pretty often. In addition to speaking at IDCEE’13 in Kyiv, Cooper had another goal in visiting Ukraine (and Russia, a couple of days before that). million jobs.
The US Department of Commerce has sanctioned 14 Chinese tech companies over links to human rights abuses against Uyghur Muslims in Xinjiang, including one backed by a top Silicon Valley investment firm. is a facial recognition company with deep ties to Chinese police surveillance, and funding from US-based Sequoia Capital.
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.,
Russia is invading Ukraine as we write, and global markets are in freefall. Last week, this column took a look at the European technology market’s deep tech expertise. The Exchange started its look at European deep tech with a report from Angular Ventures. Writing about Europe is hard today.
Day One Ventures , a venture firm launched in 2018 with a pitch to combine venture capital acumen with marketing and communications support, has launched a program aimed explicitly at those impacted by tech layoffs this year. The program, titled “ Funded Not Fired, ” will write $100,000 checks into 20 startup teams by the end of the year.
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.
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.
For more than three months, Ukraine has been engulfed in the flames of a war with Russia. That might look like a red flag from an investor’s point of view, but everything is not so black and white in the country’s tech sector. Tech companies with Ukrainian roots and core markets in the U.S.
On February 24, Russia launched an invasion of neighboring Ukraine after months of a military build-up on its borders. As the situation on the ground changes rapidly over the next few hours and days, TechCrunch will continue to bring news and analysis on how the conflict unfolds across the tech and startup community. GET IN TOUCH.
How the startup game is changing : With young tech companies doing everything from biology to space tech to software to consumer crypto trading algorithms, it’s hard to keep tabs on what’s going on for “startups” as a category. Big Tech Inc. Startups and VC. You can sign up here.). Ransomware raconteur rofl’d : Here’s a tip.
As I hear about more startups struggling amid shifting market conditions, the great resignation and the general inflection point that begins once a company hits growth stage, it’s worth addressing an elephant in the room that comes around often in the tech versus media debate. Some big tech apps remain. How do we cover failure?
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.
I remember the dread I felt as a startup worker during downturns when I read about mass layoffs at tech firms that had previously been considered ascendant. And it was presaged by falling public markets that, we presume, allowed some private companies to conserve cash in anticipation of, say, a more conservative funding market.”
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. Big Tech Inc. The TechCrunch Top 3. In response?
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.
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.
Retail analytics unicorn Trax expects that this openness to tech innovation will continue even after the pandemic. The round included primary and secondary capital, and was led by SoftBank Vision Fund 2 and returning investor BlackRock. Other participants included new investors OMERS and Sony Innovation Fund by IGV.
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”.
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. TechCrunch has some notes on the situation for the tech world in Ukraine, which is worth a read. That’s it from us.
The latest tech response to Russia’s Ukraine invasion: Today’s headlines are much the same as they have been, with major tech companies making moves to isolate the Russian government and economy. On the other hand, two major investors are backing a $30 million fund that wants to invest in NFT art. Big Tech Inc.
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
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.
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. Big Tech Inc.
But one key component of its production — energy; electricity — is facing supply issues of its own in Europe at present, in the wake of Russia’s invasion of Ukraine. Russia being a major but unreliable supplier of gas to Europe.). Solein looks like a no brainer on the environmental front.
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.
Over the past month, we’ve seen companies like Thatch raise $3 million for its platform aimed at travel creators, travel tech company Hopper bring in $175 million , Wheel the World grab $2 million for its disability-friendly vacation planner, Elude raise $2.1 The new funding will be deployed into marketing in the U.S., YouTravel.Me
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.
But in the country’s huge middle, startups are being built and funded at record pace. And Chicago, one of the most important American metropolises, is funding more and more underrepresented founders at the seed and angel stages. So, many companies are building tech to make Ethereum scale. Startups and VC. You can sign up here.).
More than $15 million has been donated so far More than $15 million in cryptocurrency has been donated to Ukrainian groups since Russia attacked the country on February 24th, according to research firm Elliptic. In tech-savvy Ukraine, crypto has emerged as a quick and easy way to handle this money. Ukraine) February 26, 2022.
Moar News, fresh from the TechCrunch firehose of tasty morsels of news and commentary: I’m too sexy for Milan, New York, and Hangzhou : Zhiyi Tech raises $100 million to help fashion brands predict bestsellers. Big Tech Inc. This follows its move of stopping shipments to customers in Russia and Belarus. And 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.
Today, we have a story about hacking efforts that are impacting the Ukrainian defense and a piece discussing internet restrictions in Russia as they relate to U.S. MWC, or Mobile World Congress, is a yearly tech confab that has become, Heater notes, “the smartphone show.” social networking services. “ Startups/VC.
Started as a side project by its founders, Warren is now helping regional cloud infrastructure service providers compete against Amazon, Microsoft, IBM, Google and other tech giants. Tael said the startup is also in discussion with potential partners in other markets, including Russia, Turkey and China. It recently closed a $1.4
Five had raised around $78 million in funding, and according to PitchBook data was last valued at $216 million in its last round, a $41 million investment in March 2020 that coincided with the company’s B2B pivot. From what we understand, if required due to sanctions, Bosch would put funds into a holding account if needed.
Russia is angry with American social media companies limiting its reach, but, frankly, too bad. SoftBank’s Vision Fund 2 has led a $425 million Series E into Weee!, Moving along, Y Combinator’s push to fund startups around the world is paying off. Big Tech Inc. What’s your BNPL startup really worth? The news is not great.
Amazon suspends Prime Video in Russia : Adding to our ever-growing list of companies that are pausing or ending business in Russia after the nation’s government launched an invasion of neighboring Ukraine, Amazon is suspending Prime Video in the country. Big Tech Inc. Alrighty, it’s time for Big Tech news.
Ukraine has been defending itself from Russia for 11 months now. And if that’s not convincing enough, I’m going to share a few more reasons why the prospects of the Ukrainian tech sector aren’t as bleak as they may seem from the outside. Over the last six years, export volume grew by 26.8%
Moove proves that startups can still raise twice in one year : African startup Moove is back in the news today, raising a huge $105 million Series A2 round of funding. Big Tech Inc. Instagram now really blocked in Russia : After promising to cut off Instagram from its territory, Russia has made good on the threat.
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