Sviatoslav Kapustin acquires a 10% stake in BITBLAZE, enhancing strategic investment in Russian technology focused on domestic microprocessor development.

Target Company Overview

BITBLAZE LLC, a manufacturer specializing in data storage systems, servers, and laptops, has recently undergone changes in its ownership structure. Sviatoslav Kapustin, the owner of Trampolyn Ventures, has acquired a 10% stake in the company, having previously concentrated assets related to software development and computing technology on Russian Elbrus processors. This acquisition reflects an increasing shift towards domestic technology solutions in Russia.

Previously, BITBLAZE had investment from Kama Flow, and its ownership is divided among five shareholders, with the founder Maxim Kposov holding a 74% stake and serving as the company's CEO. Kapustin acquired his stake by purchasing 5% each from Kama Flow and Kposov. The financial details of the transaction remain undisclosed, but BITBLAZE is estimated to be valued at around half a billion rubles. Additional investment rounds are planned to enhance the production capabilities of BITBLAZE.

Industry Overview in Russia

The electronics industry in Russia is currently experiencing a notable transformation, primarily spurred by increasing investment in domestic technology solutions. Driven by geopolitical factors and the quest for technological sovereignty, many companies