The funding was accelerated by the COVID-19 crisis, during which demand for software and automation robots exploded, said co-founder Daniel Dines.
AliExpress Russia is aiming to reach $10bn gross merchandise volume by 2022-2023, and has not ruled out a future IPO.
ING takes on Romanian online retailers Fashion Days and answear.ro, but plans international expansion for its DealWise platform.
Telco Ucom is seeking to block an attempt by rival Team – set up earlier this year by two of its former executives – to buy Veon Armenia.
e-Sapa app based on tracker for fuel sales developed as industry association says around 40% of alcohol sold in Kazakhstan is counterfeit or illegal.
The Movial office in Iasi will become the fourth technology development centre in the region for Microsoft.
The Lithuanian central bank was one of many to be looking at how they might issue their own digital currencies as the use of cash declines – a process speeded up by the COVID-19 pandemic.
Funding will be used for InoBat Auto’s €100mn EV battery R&D facility and production line as it prepares to become the first European supplier of customised EV batteries.
S&T says Iskratel's work in the IIoT software and 5G areas will strengthen its product portfolio.
Paysera Kosovo obtains the country's first Electronic Money Institution (EMI) licence, plans to cut cost of money transfers between Kosovo and EU countries.
As businesses re-open their doors across Belarus, they have help from a contact-tracing app based on New Zealand’s successful coronavirus (COVID-19) Tracer app, Kontakkt Space, it was announced in a press release on June 24.
Romania's largest online retailer plans to open three more showrooms in Hungary and reach a turnover of €300mn in the country.
The gaming industry in the Czech Republic employs more than 1,750 people, and dwarfs the country's film and television sector.
Encrypted messaging app is hindered in Islamic Republic by official attempts to block it. Co-founder Pavel Durov says he refused to share user data with intelligence services.
Sandberg's investment manager Jakub Krajcovic says he believes the business area has "huge potential" and the fund plans to focus on it more deeply.
Enterprise robotic process automation software company is reportedly preparing a new round of financing that would increase its market value to over $10bn.
The Russian IT industry will experience a severe brain drain in the wake of the coronavirus (COVID-19) pandemic and ensuing economic crisis, unless the government introduces support measures for the sector, major local IT companies warn.
Hackers are preying on Russians' personal data and the number of crimes has ballooned. The government is responding with a dramatic hike to the fines for stealing information, but some experts say the proposed measures are too harsh
Russian Duma deputies from the minority fraction Fair Russia have conceded defeat to reality and have introduced a bill to un-ban the popular messaging service Telegram that belongs to Russian tech whizz-kid Pavel Durov.
Poland has long been an important location for various automotive industries because of its still relatively cheap yet skilled labour as well as capacity for efficient logistics to markets such as Germany.