ProCEEd #4 (May 18—24, 2015)


This week’s edition of the ProCEEd newsletter is here to bring you up to speed with what’s been happening in the tech industry of Central and Eastern Europe over the past seven days.

Apparently not too many news stories made it to the media, but there have been quite a few longer reads worth your attention. Among the last week’s news was the story about Russia’s Yota Devices, which launched an Indiegogo campaign for the sequel of its dual-screen smartphone. After reading a background piece in the New York Times explaining the perils of being a Russian smartphone developer, it seems quite likely that the crowdfunding campaign is rather a PR stunt than an actual attempt to test the waters of the foreign markets. And not a very bold one, too, with its goal set at just $50,000 — ten times less than for Pebble Time, where the unit cost was $179 compared to YotaPhone 2’s $525.

Check out this and other news below, and have a great week!


Cisco is accused of altering sales records in Russia in order to “dodge sanctions and provide equipment to Putin’s military and security services”


Yota Devices has launched a surprisingly unambitious Indiegogo campaign for its dual-screen smartphone YotaPhone 2

Startup news

VC news

  • Russian fund RBV Capital has invested $5.2 million in MRI visualization company Image Analysis

Bigger companies

  • Yota Devices has launched an Indiegogo campaign for its dual-screen smartphone YotaPhone 2 and already raised some $200,000
  • Yandex’s browser has entered beta, added a strong focus on privacy outside Russia


  • Contrary to previous reports, Russia is not building its own mobile OS but plans to give grants to developers to port their apps to Tizen and Sailfish, as well as work on a localized version of the latter
  • Buzzfeed has published a story claiming that Cisco altered sales records in Russia in order to “dodge sanctions and provide equipment to Vladimir Putin’s military and security services”
  • Russian think tank claims to have developed software that will search Russian social media posts for signs of plans by political opposition to the government to stage unapproved protests or meetings
  • Russia has warned Google, Twitter and Facebook on law violations

Long reads


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