Parallels, a Russian virtualization and automation services company and a global leader in its field, has bagged an equity investment from Cisco. The two companies are no stranger to each other, because Almaz Capital, which was set up with the help of Cisco, has already made an investment in the company in 2009. The American [...]

A new venture fund dedicated to supporting companies that use quantum technology and materials, called the Quantum Wave Fund (QWave), will be launched shortly with around USD 100 mln under management. The investors include Russians Sergei Beloussov, Sergei Kouzmine and other prominent investors and scientists. The fund will target companies working with data networks, optical transistors, [...]

Specialization is becoming a trend in the startup acceleration domain, and joining the bandwagon in the cloud software industry are Runa Capital and Parallels. Both companies were founded by Serguei Beloussov, Russian entrepreneur/investor; while Runa Capital primarily invests in growth-stage companies in the technology sector, Parallels specializes in providing hosting and virtualization software and related [...]

Swiss cloud computing firm Parallels has received a new round of venture capital as at least two investors bought in to an industry which is expected to reach USD 44.2 billion within the next several years. Russia Partners, a subsidiary of emerging market investor Siguler Guff & Co., was joined by Bessemer Venture Partners of [...]

Almaz Capital Partners has announced an USD 11 million investment in Parallels, a virtualization software developer, and the Apollo Project, a new venture to extend social networking service to mobile devices. The funding, which is being offered through the Almaz Capital Russia Fund I, was made possible in part by a USD 30 million anchor [...]