SAP announced today “further steps” to “support Ukraine” and “plan Russia exit.” As announced in late March, the global enterprise software giant is in the process of shutting down its cloud services in Russia. As part of this process, “we have given non-sanctioned companies in Russia the choice to have their data deleted, sent to them, or migrated …
In a strong symbol of the crash of Russia’s technology sector, Miro, a US-based decacorn created in Russia eleven years ago, announced last week it was closing its office and stopping sales in its native country. “We are devastated by the escalating war and human tragedy in Ukraine. We continue to call for a swift end …
Even as Russian authorities are taking unprecedented measures to silence opposition or even free expression, an “international VC and startup petition against the bloodshed in Ukraine” started circulating this weekend in the Russian and Belarusian tech business community. Prominent tech investors from or connected with these countries signed the petition just hours after its release, …
Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia, Ukraine, and Belarus, with a column by EWDN Chief Editor Adrien Henni that highlights the most notable industry facts and trends across the region. “With Russia and Belarus digging themselves into domestic authoritarianism and international confrontation, a looming …
Last week Jelastic, a multi-cloud Platform-as-a-Service (PaaS) company established in Silicon Valley with Russian and Ukrainian roots, announced its acquisition by Seattle-based Virtuozzo. The terms of the deal were not disclosed. Jelastic’s cloud services combine platform and container capacities in a single package for hosting providers, enterprises and developers. Virtuozzo is a leader in virtualization and hyperconverged software: its …
Russian and Ukrainian roots, US exit: Jelastic acquired by Virtuozzo Read More
Earlier this week Chainalyis published the key findings of their 2021 Geography of Cryptocurrency report. According to this research, Eastern Europe is severely affected by illicit cryptocurrency-related activity. In relative terms, the region is second after Africa in terms of exposure — but its overall crypto economy is much larger than that of Africa. Ukraine accounted for “most of …
Report: Ukraine and Eastern Europe plagued by crypto scams Read More
Last week Zerion, a Californian decentralized finance (DeFi) startup with Russian and Ukrainian founders,announcedthe completion of a $8.2 million round. Led by Mosaic Ventures, the deal also involved Placeholder, Lightspeed, Blockchain.com Ventures and organizations — as well as a dozen of individual investors from the crypto community. Zerion touts its investing app as “the simplest …
Zerion secures $8.2 million to make decentralized finance accessible to all Read More
Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Eastern Europe. The last column by EWDN Chief Editor Adrien Henni highlights the most notable industry facts and trends in the first quarter of 2021. Almost no major local deals took place in this period, but Eastern European tech …
Earlier this week Playrix, a global Russian-founded gaming giant, announced the acquisition of Ukrainian game studio Boolat Games. The terms of the deal were not disclosed. Launched 20 years ago, Boolat Games creates multi-platform free-to-play and adventure games. Different genres are available, from casual to hardcore: RPG, time-management, hidden objects, strategy, etc. The studio’s portfolio features dozens of …
Russian gaming giant Playrix acquires Ukrainian Boolat Games Read More
Crunchbase and East-West Digital News — the publisher of UADN.NET — are teaming up to cover key tech and venture trends from Russia and other countries of the former Soviet Union. The latest column, by EWDN chief editor Adrien Henni, highlights the most notable industry facts and trends of the past year. These include, in particular: The strong appeal …
Genesis Investments is backing IntellectoKids, a Russian-founded edtech startup, for the second time in one year. The Ukrainian tech investment company, which put $1 million in the startup in late 2019, is now contributing an undisclosed amount to its Series A round. Other participants in this round include Allrise Capital (Silicon Valley), Vershina Capital (Moscow) and Quonota …
Genesis Investments backs Russian-founded edtech startup in Series A round Read More
Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Eastern Europe. Since last year, EWDN chief editor Adrien Henni has offered a regular column to highlight the most notable industry facts and trends as well as promising tech innovations from the region. Covering the third quarter of this year, the latest column …
