Sistema venture Fund VC re-invested in the platform to big data Analytics SQream

Sistema venture Fund VC and its partners have invested $39.4 million in Israeli IT startup SQream. About Rusbase told representatives of the Fund.

Sistema venture Fund VC re-invested in the platform to big data Analytics SQream

Ksenia Sumbulova

The lead investors in the round made Mangrove Capital Partners and Schusterman Family Investments. They joined existing investors: Venture Capital Hanaco, Sistema VC, World Trade Center Ventures, Blumberg Capital, Silvertech Ventures and Alibaba Group.

The startup will use the funds to attract new professionals for the development of basic technologies, cloud solutions and also platforms for interaction with customers.

SQream is a developer platform fast Analytics on big data using GPUs. Technology used:

  • banks to assess risks;
  • Telecom operators for network optimization;
  • company in the field of Internet advertising, in order to optimize rates;
  • medical organizations ― to improve the efficiency of research by reducing the analysis time from several months to several hours.
  • developers of systems of “smart cities”.

Among the clients of a startup ― LG U+, PubMatic, LiveAction, AIS Mobile ACL Mobile. SQream earns on subscription. The cost depends on the amount of data being processed. Sample prices ― from $10 thousand per year for 1 TB.

Sistema VC — venture Fund “Sistema”, which invests in tehnologicheskie of the company in the growth stage. Sistema VC focuses on projects from sectors such as artificial intelligence, machine learning, cognitive technology, Internet, media, Internet of things (IoT), VR/AR, new generation networks (SDN, NFV).

Photo: solarseven / Photogenica

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What happened during the night. Breaking news RBC :: Society :: RBC

The arrest of chief rival Lukashenko, a new low in the number of deaths from COVID-19 in Moscow, the Durov has promised to provide a job Telegram to China and Iran, foreign stocks will leave on the Russian stock exchanges — main news in review RBC

In Belarus arrested the head of Babariko and his son

One of the potential participants in the presidential elections in Belarus Victor Babariko arrested. Previously he was charged. What it accused the former head of the BGB, is unknown.

  • As reported in the election headquarters of Babariko, the prosecution also presented his son Edward, he is arrested. As reported TUT.by his girlfriend, a young man has been accused of tax evasion.
  • Both Babariko detained on 18 June. Prior to this, Belgazprombank (owned by “Gazprom” and Gazprombank), which Victor Babariko headed until may 2020, were searched. The businessman called the raids raiding and claimed that it is a campaign directed against him. Presidential elections in Belarus scheduled for 9 August.

In Moscow for the day revealed at least deaths from the virus since April

Over the past day in the capital died and another 20 people infected with the coronavirus, said operational headquarters. This is the lowest since April 16.

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The head of the FUND told about the past stage of “denial” investors :: Business :: RBC

Investors for a pandemic have already passed at least three stages, according to Kirill Dmitriev: “denial”, “salvation portfolios” and “investment readiness”. The economic recovery he expects in 1.5-2 years

Kirill Dmitriev

(Photo: Alexei Nikolsky / TASS)

As told in an interview with RBC head of the Russian direct investment Fund (RDIF) Kirill Dmitriev, during a pandemic, investors have gone through several stages. “The first phase was “denial”, and it’s actually a normal human reaction, when faced with something unusual, — says Dmitriev at the end of the regular in the last months of communication with the funds from 20 countries. — Many funds felt that somehow everything will pass quickly and not have the same effect”. The second phase he calls — “save portfolio”: “everyone saw that three or four months many companies there is turnover, and this is a very powerful blow to their economy.” Finally, the third is “let’s think, where could we invest, including together”.

The head of the Russian direct investment FUND — RBC: “the vaccine I was one of the volunteers”

Kirill Dmitriev

According to Dmitriev, is now “a very interesting global investment pattern: printed a lot of dollars, a lot of money, and the question arises about the value of the dollar, the value of money”. According to him, in “the relationship of the value of money and assets are now trying to understand, including the largest investors in the world.” “On the one hand, the printed money, raised the nominal value of the assets, on the other hand, all assets must fall in value because of economic problems — on average, global GDP could fall by 7-8% for the year. Thus we see that the recovery will be, it will take 1.5–2 years”, — said the interlocutor of RBC.

RDIF will begin to invest in projects without foreign investors

Kirill Dmitriev

Assessment Dmitrieva, the world has made “great progress in understanding the virus.” “But that doesn’t mean that you can forget about the virus and he flew away. He did not fly away. The waves will be. We see new centers in Beijing, United States, he said. Accordingly, it is very important to go prepared and follow a very precise algorithm — early diagnosis of infection, treatment. I think we have passed the halfway mark for the virus.”

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The largest shareholders of “Children’s world” has sold to investors of 15.94% retailer :: Business :: RBC

After completion of the transaction, the share of AFK “Sistema” in the company’s share capital will amount to 20, and 38% (with 33,38%), the proportion of RCIF to 4.62% (7,56%). The volume of shares in free float will amount to 75%.

Global co-sponsors and bookrunners of the offering are Credit Suisse Securities (Europe) Limited, Goldman Sachs International, Sberbank CIB and “VTB Capital”. Also bookrunner of the deal were Alfa-Bank.

The selling shareholders have made commitments to netcasting of shares (lock-up) within 90 calendar days from the date of completion of the offering.

AFK “System” and RCIF will offer investors a little less than 16% of the “Children’s world”

“Significant interest in the proposal reflects the fundamental investment appeal of “Children’s world”. In growth and an increasing contribution of online sales channels, confirming the correctness of the strategic choice omnichannel model. We have always been convinced that all of the stakeholders interested in improving the liquidity of the stock, and doing everything necessary”, — said the President of AFK “Sistema” Vladimir Chirkov, he was quoted as saying in a statement.

Chirkov noted earlier, the liquidity of the company grew thanks to the SPO in 2019. Then almost a quarter of the shares of the retailer were sold for 15.9 billion. Now with the increase in the proportion of shares in free float the company’s liquidity will increase significantly.

“Placing shares “Children’s World” was the first successful placement of Russian securities this year. […] We see tremendous interest and opportunities for Russian companies going public and raising capital from leading international investors despite the global impact of the pandemic,” — said Dmitriev.

“AFK “System” remains a major shareholder of “Children’s world” and will continue to support its strategic development aimed at strengthening leadership in the market, the development of online sales channels and expanding the geography of presence”, — said the President of the company.

As at 31 may 2020 “Children’s world” ruled 851 store in Russia, Belarus and Kazakhstan. In addition to the flagship brand, the retailer is engaged in the development of networks ELC, ABC, and shops of products for animals “Tozeur”. In the first quarter of 2020 revenue the retail chain “Detskiy Mir” has grown by 11.2% year-on-year and amounted to 31 billion rubles.

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That being said, Apple and Microsoft reached a record $1.5 trillion :: Business :: RBC

Against the background of General decline in the share of high-tech companies continue to grow in price

Photo: Sean Gallup / Getty Images

Apple and Microsoft were the first companies whose market capitalization reached $1.5 trillion. It happened during regular trading on NASDAQ. The cost shares of Apple rose to $352, Microsoft — to $196.

Increased capitalization and other tech giants. From Amazon, it reached $1.3 trillion, the Alphabet (owned by Google) is $1 trillion.

As noted Barrons’s, the growth record of the shares of these four companies is on the background of decrease of main indexes. Thus, the index S&P 500 fell 0.5% and the Dow Jones 1%.

The publication indicates that the growth of Apple stock and Microsoft contributed to the crisis associated with the spread of coronavirus infection and protests in the United States. Paper high-tech companies are considered by investors as safe enough from the point of view of preservation of funds.

The company has benefited from the spread of coronavirus. Amazon benefited from the closure of convenience stores and the spread of electronic Commerce, Microsoft technologies needed for the transfer of workers to udalenku, and Alphabet made a fortune in advertising. As for Apple, the enthusiasm of investors is associated including with the upcoming release of iPhone 5G.

MacRumors also notes that Apple have actively practiced a buyback of its shares, which contributed to the increase in the value of securities of the company.

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The fall of the ruble prompted private investors to change strategies :: St. Petersburg :: RBC

At the same time, the activation of private investors during the period of market turbulence was almost not accompanied by panic throws, but was often associated with an attempt to use a convenient moment to maximize potential profitability. “We observed deliberate, prudent actions by clients to rebalance their portfolios,” describes VTB Capital Investments Chief Executive Officer, Senior Vice President, Head of VTB Brokerage Services Vladimir Potapov. “Customers behaved quite calmly during the collapse of the market as a whole. We believe that many investors have learned the lessons of previous crises and learned not to go into a state of panic with strong movements in the market. Moreover, we noticed an influx of new customers who came to the market to take advantage of the current low prices for the purchase of assets, ”Aisha Kubezova shares observations.

“In general, customers reacted very correctly,” agrees Vsevolod Lobov, Investment Director of UK Dokhod. “Closing portfolios is usually a consequence of the insufficiency or absence of an airbag.”

Escaping Profitability

The influx of private investors into the stock market as a result of the search for alternative bank deposits options for investing took shape in the trend at the turn of 2017-2018. By that time, the Russian Central Bank had achieved obvious successes in the field of inflation targeting, which led to a stable decrease in interest rates. The inflation target declared by the Central Bank is 4%. According to official figures, at the end of 2019, this figure dropped to about 3%, although this year, for obvious reasons, the price increase may accelerate. However, the final indicator, according to analysts of the Central Bank, will not deviate significantly from the given reference point. In this case, bank deposit rates are unlikely to exceed 6% per annum.

This level is unattractive for customers of Russian banks who are accustomed to saving funds at a double-digit or almost double-digit percentage. The search for alternative investment options is a natural reaction in this case. Moreover, we are talking mainly about clients who, until recently, were not even interested in investment instruments.

The influx of private investors into the stock market as a result of the search for alternative bank deposits options for investing took shape in the trend at the turn of 2017-2018.

“The yield of the deposit at the level of 5-6% per annum ceases to be attractive to individual customers. Therefore, we expect that the demand for investment instruments will increase, ”said Darina Khokhlushina, Deputy Director of Raiffeisenbank’s North-West Retail Center for Retail Business.

“It must be understood that rates in dollars and euros will be pushed to zero for a very long time, and rates in rubles will not repeat the history of 2014-2015,” says Alexey Teploukhov, vice president of Bank Saint Petersburg. “As a result, the attractiveness of financial market instruments can significantly increase, taking into account the returns that we see now.”

An additional stimulating factor in the growth of private investment in the stock market, according to Darina Khokhlushina, was a low threshold for entry and universal digitalization, which facilitated the opening of accounts and transactions. “In the structure of demand, 60% falls on investments in mutual investment funds (UIFs), 20% each on opening a brokerage account and trust management together with an individual investment account (IIA),” Darina Khokhlushina, statistics of Raiffeisenbank, cites.

“Over the past 3 years, the trust market has been growing at a record pace. And this growth is provided precisely by private investors, who, during the period of lowering deposit rates, are looking for alternative and more profitable options for their investments. Both the number of customers and the volume of their assets in recent years have grown several times, ”says Andrei Makarov, head of the Sberbank Asset Management sales department.

Market participants believe that market instability will not stop the continued influx of private investors into the stock market. “2020 as a whole will be very successful for investment products,” predicts Vsevolod Lobov. “This, among other things, will be facilitated by the upcoming increase in taxes on deposits.” Aisha Kubezova claims that some clients are already transferring their assets to the stock market in order to obtain increased returns against the backdrop of the introduction of a tax on deposits. Andrei Makarov, in turn, believes that a tax on deposits will make investments of a term of three years or more more interesting due to the privilege on long-term ownership of Russian securities, in which income up to 3 million rubles per year is not subject to personal income tax.

Attach and expand

The development of an investment culture also implies a change in the attitude of the mass investor to various instruments offered by market participants. “At the first stage, in 2017–2018, customers actively invested in instruments investing in bonds. They regarded them as the most close to deposits instruments in the stock market. Bonds are a conservative tool, their price fluctuations are much lower than in stocks, issuers commit themselves to return 100% of the cost and pay interest, ”Andrei Makarov shares his observations.

The development of an investment culture also implies a change in the attitude of the mass investor to various instruments offered by market participants.

However, he continues, after a brief but sharp decline in the debt market in 2018, many customers realized that it was necessary to diversify their investments: someone transferred part of the funds to equity funds, but most prefer mixed funds and strategies, that is, those that invest both in stocks and bonds.

“Now an individual investment account with a ready-made strategy is in active demand among customers. It does not require any special knowledge from a person – you just need to choose a strategy, then everything is done by professional financiers, ”notes Andrey Makarov.

Interestingly, the two-millionth IIS was opened literally in early April by a client of VTB Bank from the Sverdlovsk Region. A special case only emphasizes the general trend: according to VTB representatives, we are talking about a new participant in the financial market, who had never before tried his hand at investing. The growing popularity of individual investment accounts is due to tax deductions: the holder of the IIA is given the right to return 13% of the paid income tax from an annual contribution of up to 400 thousand rubles (that is, up to 52 thousand rubles per year) or to receive an exemption from taxation of the total amount of income earned on the IIA (when closing the account).

According to Aleksey Teploukhov, Bank Saint Petersburg clients were most often interested in ruble bond strategies (through mutual funds, trust management, IMS) with yield to maturity exceeding bank deposit rates by 2-3 percentage points, and also presented demand for portfolios of Eurobonds in dollars and euros with an expected return of 4-5%. “Structural notes in currencies with an expected return of 8-10% with conditional capital protection, withstanding a 50% drop in the stock market on the horizon for 5 years, were also of interest,” adds Alexey Teploukhov.

The events of March-April 2020 provided additional food for thought by private investors. “Obviously, stock portfolios have been hit hardest. A serious drop in prices is also observed, for example, in the segment of high-yield eurobonds (high-yield), for which there was a very high demand in 2019, ”says Alexey Teploukhov. Funds and management strategies that involve investments in euro-denominated Eurobonds, as well as funds investing in gold, are best shown. “Investors see gold as a protective asset, and in periods of fluctuation, demand for it increases sharply,” Andrei Makarov explains.

“Regardless of the type of product / asset, a conservative investment strategy (in bonds) implies a ruble yield of 7-8% per annum, a balanced strategy (70-80% of the portfolio in bonds, the rest in shares) – 10-12%, and aggressive strategy (100% in shares) – from 20% ”, – Darina Khokhlushina marks the benchmarks.

Play for long

As for the yield of foreign currency instruments, in conservative funds of Eurobonds the yield of securities to maturity is now at the level of 5-7% in US dollars. “Such a high level of yield to maturity for dollar bonds in foreign currency is associated with a significant reduction in their prices during March. On the horizon of three or more years, an investor should focus on a range of 3-5% per annum in dollars, ”explains Andrey Makarov. Products that exhibit higher levels of risk, such as stocks or exchange-traded funds (ETFs) for stock indices or high-yielding bonds, can achieve double-digit returns in foreign currency. “But you should always remember that the risks of reducing the value of the portfolio of such instruments are proportional,” warns Andrei Makarov. However, he is convinced that now on the market there really is a good opportunity to buy quality assets at good prices. Alexey Teploukhov agrees with this statement: “We do not know when the fall will end, but obviously the crisis is a unique chance for a significant increase in the potential return on our investments. Such a chance occurs every 5-10 years. ”

“However, one must be prepared that the period of fluctuations will continue for some time. Therefore, it is now better to enter the market in parts at regular intervals, thus averaging the price of entry (so as not to try to find the “bottom”, because this is impossible). And you also need to invest at least for a period of 1 year, and preferably 2-3 years, ”advises Andrei Makarov.

“Regardless of investment instruments, currency diversification is a traditional approach to preserving savings,” Darina Khokhlushina shares recommendations. – Under current conditions, assets in rubles bring profitability, and the currency part will help to keep them from impairment. If you earn in rubles and plan large purchases, then it makes sense to keep in the national currency 40-50% of the funds, 25-30% in dollars and euros. About 20% of the assets should be freely available in case of unforeseen expenses. This problem is solved by the savings account, the yield on which is 5-6% per annum, and withdrawals and replenishment are not limited. This is a simple tool for flexible savings management. ”

Repeat publication of 04/22/2020

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Covid: Iit bracelet to stay safe – Liguria

It vibrates if too close and registers codes to trace infection

An ‘intelligent’ bracelet to be worn in phase 2 of the COVID19 emergency, to be able to monitor the safety distance between people and body temperature. The Italian Institute of Technologies of Genoa has developed it, which is now looking for companies and investors for large-scale production. Named iFeel-You, the bracelet uses the research results obtained within the European An.Dy project also dedicated to the development of a sensorized suit capable of monitoring some parameters of the human body.
The prototype, created by the IIT Dynamic Interaction Control Lab research group in Genoa, coordinated by Daniele Pucci, uses part of the algorithms and technologies that the researchers devised for the sensorized suit to read the movement of the body and emit a radio signal : when two bracelets are close together, they vibrate emitting an alert signal and facilitating compliance with the safety distance.

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