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New report sheds light on Ukraine’s defense tech revolution

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 …

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New report sheds light on Ukraine’s defense tech revolution

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 …

New report sheds light on Ukraine’s defense tech revolution Read More

The Current Wave: New breed of Ukrainian tech entrepreneurs seek success in global markets, Part 5

Platma’s ‘Extreme No-Code’ platform promises AI-driven software creation, secures $2 million in funding

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 …

Platma’s ‘Extreme No-Code’ platform promises AI-driven software creation, secures $2 million in funding Read More

Anatoly Motkin: “Ukraine’s drone success offers a blueprint for cybersecurity strategy”

Last week The Atlantic Council published an analysis by Anatoly Motkin, President of StrategEast, exploring parallels between drone technology and cybersecurity developments in Ukraine.  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 …

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The Current Wave: New breed of Ukrainian tech entrepreneurs seek success in global markets, Part 5

Cambridge-based Ukrainian entrepreneurs aim to challenge global tech giants over data monopoly

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 [Small Language Models].” The startup views AI as “a global threat” if it falls …

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Swedfund supports Ukrainian IT SMEs, opens investment office in Kyiv

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 …

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Boston-based Creatio raises $200 million, joins the ranks of Ukrainian-founded unicorns

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 …

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Newly established funds-of-funds aims to raise $300 million to support Ukrainian tech entrepreneurship

Last month, the Ukrainian Venture Capital and Private Equity Association (UVCA) achieved a significant milestone in establishing a fund-of-funds to support Ukrainian startup entrepreneurship. The “Ukrainian Fund of Funds” is now formally established with a legal entity registered in Luxembourg. The vehicle is managed by an experienced fund-of-funds manager, Ertan Can. “We are now starting …

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Ukrainian Catholic University’s angel fund supports defense tech startups

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 Swarmer offers …

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From fintech, to logistics, to sports, 14 Ukrainian startups shine at Vivatech

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.   Spanning business solutions, web development, logistics, agriculture, education, sports, energy, healthcare and more, these Ukrainian startups included: 3D …

From fintech, to logistics, to sports, 14 Ukrainian startups shine at Vivatech Read More

Google opens applications for its second Ukrainian startup fund

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 …

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Ukrainian-founded neobank company completes Series B round to enter Indian market

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 …

Ukrainian-founded neobank company completes Series B round to enter Indian market Read More

Ukrainian syndicates democratize startup investment worldwide from pre-seed to unicorn stage

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 …

Ukrainian syndicates democratize startup investment worldwide from pre-seed to unicorn stage Read More

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