Ukraine Digital News

17/09/2024

The Ukrainian consulting and market research firm DataDriven has just published a report on the Ukrainian defense technology market. This report offers key statistics and insights into the ecosystem, covering major players such as off-takers, investors, and startups. It also provides an analysis of investment opportunities and the regulatory landscape. The report delves into the effects of export restrictions, government support, and the drive for greater market transparency....

The Ukrainian consulting and market research firm DataDriven has just published a report on the Ukrainian defense technology market. This report offers key

14/09/2024

After the rise of "low-code" and "no-code" development, now is the time of "Extreme No-Code,” according to Ukrainian-founded startup Platma, which has recently secured $2 million from international investors. No-code development has already gained traction as a method that allows users with little to no programming skills to quickly create applications, websites, or modules that link into an existing system....

After the rise of "low-code" and "no-code" development, now is the time of "Extreme No-Code,” according to Ukrainian-founded startup Platma, which has

10/08/2024

The Atlantic Council has published an analysis by Anatoly Motkin, President of StrategEast, of Ukraine’s cybersecurity landscape. Titled "Ukraine’s drone success offers a blueprint for cybersecurity strategy,” the article explores parallels between drone technology and cybersecurity developments. Motkin believes Ukraine can harness its technological breakthroughs in the field of drones to fortify its cybersecurity infrastructure. Noting that Ukrainian AI-powered drones have played a pivotal role in countering Russian military actions, the expert suggests this technological expertise serve as a template for enhancing the nation’s cybersecurity defenses....

24/07/2024

Is a new David emerging on the AI battlefields to challenge the tech Goliaths? Founded by Ukrainian entrepreneurs Nik Havryliak and Dmytro Dimenko and based in Cambridge, UK, Assisterr.ai has just raised $1.7 million to develop its “network of community-owned SLMs .” The startup views AI as “a global threat” if it falls "into the hands of a few monopolists backed by Big Tech companies or governments.”...

https://uadn.net/2024/07/24/cambridge-based-ukrainian-entrepreneurs-aim-to-challenge-global-tech-giants-over-data-monopoly/

10/07/2024

Demonstrating its commitment to "supporting Ukraine's resilience and recovery with strategic investments,” Swedish development finance institution Swedfund is opening an investment office in Kyiv. Since the war broke out, the organization has supported Ukrainian SMEs in the IT/technology sector, among other sectors. SMEs are key to "boost job creation and increase access to essential goods and services.” Swedfund is among the backers of Horizon Capital’s new ...

28/06/2024

Ukrainian-founded, Boston-based enterprise software publisher Creatio has just secured $200 million in funding, valuing the company at $1.2 billion. This investment elevates Creatio to unicorn status, joining the ranks of other Ukrainian-rooted companies such as airSlate, GitLab, Grammarly, People.ai and Unstoppable Domains. Founded in 2013, Creatio has developed an “AI-powered no-code platform” to "automate CRM and enterprise workflows with a maximum degree of freedom.” …...

https://uadn.net/2024/06/27/boston-based-creatio-raises-200-million-joins-the-ranks-of-ukrainian-founded-unicorns/

22/06/2024

Last month, the Ukrainian Venture Capital and Private Equity Association (UVCA) achieved a significant milestone in establishing a fund-of-funds in support of Ukrainian startup entrepreneurship. The "Ukrainian Fund of Funds" is now legally established, with a legal entity registered in Luxembourg and managed by experienced fund manager Ertan Can. “We are now starting in the active fundraising phase,” UVCA chairman Andrey Kolodyuk said in an exchange with Ukraine Digital News....

20/06/2024

Angel One, an angel venture fund established in 2022 by Ukrainian Catholic University, has facilitated syndicated investment deals of up to $300,000, involving six Ukrainian defense and dual-use technology startups. Among these startups is Buntar Aerospace, founded last year, which develops a reconnaissance air defense system. Another is Mantis Analytics, which provides AI technologies to counteract information warfare, while ...

05/06/2024

Fourteen Ukrainian startups were showcased at this year’s edition of Vivatech, which took place in Paris on May 22-25. Touted as Europe’s largest tech conference, the event attracted more than 165,000 visitors, 13,500 startups and 400 speakers. Covering a variety of industries – including business solutions, web development, logistics, agriculture, education, sports, energy, healthcare and more – the Ukrainian startups included: …...

26/05/2024

Earlier this month, Google opened applications for Ukrainian startups to benefit from its second support fund. This program is intended to "help Ukraine-based startups maintain and grow their businesses, strengthen their community, and build a foundation for post-war economic recovery." Applicants must have a company registered in Ukraine and a "post-MVP stage with proven traction.” Projects “with a social impact mission" will be prioritized, says Google....

20/05/2024

The Ukrainian-founded, UK-based neobank company Fintech Farm has completed an extension of its Series B round, one year after after an initial $22 million capital injection. The fintech secured $32 million in total in this round, which was co-led by Nordstar, a UK fund, and Bank of Georgia, a major, LSE-listed Georgian financial group. The previous (Series A) round, in early 2022, had…...

05/05/2024

Last month Ukrainian syndicate Toloka announced a €1 million investment in FINN, a Munich-based car service company. This capital injection complements a €100 million Series C round completed in January this year. Established just a year ago, Toloka already boasts six startups in its portfolio, the syndicate’s COO Anna Bilyk told Ukraine Digital News. Notable among them are Bolt, the renowned Estonian unicorn, and Forta, a Californian startup offering healthcare services to children with autism....

27/04/2024

In recent weeks, Ukraine has witnessed a surge in defense tech innovation initiatives, signaling progress in this crucial sector. Among the latest news was the launch of Defence Builder, a startup accelerator aimed at fostering collaboration between Ukraine's military, business and startup communities to develop technologies requested by the army. Defence Builder's four-month program, tailored each time for 15 teams, offers 100 hours of online lectures, physical meetings, fundraising assistance culminating in a demo-day with 70 investors, and more....

17/04/2024

In an in-depth article published last week, The Economist analyzes the increasing use of AI technology in various aspects of Ukraine’s military operations and national security strategies. The article highlights the following: Before launching rocket attacks on vital infrastructure, Ukrainian security officials use AI-generated assessments to gauge potential impacts on Russian morale and to create targeted information campaigns. To do so, notes The Economist, the algorithms of Kyiv’s Open Minds Institute "sift through oceans of Russian social-media content and socioeconomic data on things ranging from alcohol consumption and population movements to online searches and consumer behaviour."...

08/04/2024

Earlier this week Intellias, a global software engineering and digital consulting company originating from Ukraine, announced the acquisition of C2 Solutions, a technology service and product lifecycle management firm based in the United States. Intellias has completed the acquisition of all shares of C2, while the amount of the transaction remains undisclosed. Commenting on the deal, Intellias's co-founder and CEO Vitaly Sedler said his firm was "looking forward to fostering relationships with clients in the Digital Health and Medical Devices space by relying on C2’s unparalleled expertise that is complemented by our extensive technological offering."...

01/04/2024

A new fund, '1991 Ventures,’ has been launched in London to support Ukrainian startup entrepreneurs, both within and beyond their war-affected nation, along with other Central and Eastern European (CEE) startup talents. The name '1991' pays homage to the year of Ukraine's independence following the dissolution of the Soviet Union. With an initial endowment of £15 million ($18.8 million), the fund has garnered support from Venrex and Samos Investments, prominent UK limited partners associated with Seedcamp and Entrepreneur First....

01/04/2024

In an online event yesterday, IT Ukraine Association unveiled its annual research on the state of the IT industry in the country. Titled “Digital Tiger,” this 66-page report aims to showcase the country’s capabilities in this field. Various aspects are covered, spanning IT education and workforce, the IT ecosystem stucture and institutions. The report also analyses the industry segments, the geography and evolutions of IT service export, the digitalization of the country and the way it has changed Ukrainian citizens’ lives....

30/03/2024

Is the startup OneNotary, founded in California by a Ukrainian entrepreneur, positioned to become a leader in legal tech with its on-demand notarization solution? Established by Ivan Zinkov in 2020, this Californian startup aims to revolutionize the "terrible and outdated" notarization experience faced by millions of individuals and businesses. OneNotary enables notaries and their clients, spanning both individuals and businesses, to "sign, seal, and deliver their most critical documents securely and remotely." The company prides itself on offering an online service that is "fast, easy, and affordable for all key moments in life," with an "on-demand team available 24/7.”...