MainMarket in Brief

RBC

Yandex to Invest $30 Million in its Cloud Service in Germany

September 24, 2021, 15:57 (UTC+3)|
515

Yandex intends to invest $30 million by the end of next year in the development of its cloud platform Yandex.Cloud in Germany.

The IT company has already begun training and setting up a representative office in this country. The funds at the initial stage will be used to purchase equipment and rent data centers. The infrastructure will be located on the basis of three German sites.

In addition, Yandex.Cloud also announced the G-Cloud project, a cloud service that, according to the company, will meet the security and safety requirements for hosting state information systems on it. It is slated to launch by the end of 2022.

Yandex also announced the launch of Yandex Cloud Desktop service as part of Yandex.Cloud. It will allow creating up to a thousand virtual workplaces in the cloud, Yandex notes.


Product cards

Yandex.Cloud


Earlier it was reported that the total revenue of the cloud platform in the first half of this year reached $15 million (1.1 billion rubles), which is 3.4 times more than in the same period last year.

Original (in Russian)

Subject:

#DPC#investments

Companies:

#Yandex

Solutions:

#Yandex.Cloud

Share:

Learn more about Moscow IT Market by subscribing to our newsletters

By clicking the button you agree to Privacy Policy

Unless otherwise stated, the content is available under Creative Commons BY 4.0 license

Supported by the Moscow Government