Ukraine Digital News

Established in 2014, Ukraine Digital News (UADN.NET) is the first English language international information platform dedicated to the Ukrainian digital and IT industries. As a free resource, it provides news, market data, business analysis and updates pertaining to the Internet, e-commerce, IT services, software development, hardware and other innovation in the country as well as to related investment activity and the legal environment. UADN also conducts or participates in research activities that provide local and international audiences with in-depth analysis and quality data on these industries. UADN is published by Belgian company International Digital News.

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Live language learning platform Preply secures $70 million to bring AI to human teaching

The US-headquartered online tutoring platform Preply — one of the most famous Ukrainian tech success stories — has raised $70 million from top investors. This is an extension of Preply’s $50 million Series C of last year, combining equity and debt (60% and 40%, the company told TechCrunch).  The round was led by Horizon Capital, the Ukrainian PE/VC giant through its new fund HCGF IV, …

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IFC invests in Miratech, announces further massive support of Ukraine’s IT-driven reconstruction 

The International Finance Corporation (IFC) is considering investing some $1.5 billion in Ukraine’s banking sector, agribusiness and infrastructure, reports Reuters, citing a senior official of the World Bank’s affiliate.  The IFC has already provided nearly $400 million in support since the war broke out in February 2022, Alfonso Garcia Mora said on Friday in Kyiv as the …

IFC invests in Miratech, announces further massive support of Ukraine’s IT-driven reconstruction  Read More

How Ukraine has become a testing ground for new military technologies

Since Russian invaded the country in Feb. 2022, a variety of new military technologies have been tested in Ukraine. Advanced technologies have made the difference on the ground — as exemplified by US software used by Ukrainian officers to create detailed digital maps of battlefields.  Meanwhile, Ukrainians have been developing their own innovation capabilities. Recent …

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After raising $550,000, this Ukrainian startup wants to bring drones to US farmers

FarmFleet is developing a “Robotics-as-a-Service” marketplace for farmers and their service providers. This will create new opportunities to perform or manage a variety of field operations involving drones and robots, optimize and adapt them to “changing weather conditions, limited resources and seasonal peak periods.” FarmFleet’s platform initially focuses on the use of spraying drones. The …

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Sequoia: “Ukrainian talent proves resilient”

The first edition of ‘Atlas,’ Sequoia’s guide to Europe’s technical talent, includes an article about the resilience of Ukraine IT workforce.  “While data regarding the Ukrainian tech scene amid the ongoing war is sparse and subject to fluctuations, a few undeniable facts illustrate the remarkable resilience of the country’s tech industry and its workforce,” write the …

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Ukraine to offer $1 million reward at anti-drone hackathon

 An “Anti-Shahed Drone Hackathon” will be held for Ukrainian teams this week-end (June 24-25). The initiative was announced by the ministry of Digital Transformation earlier this month as part of the ‘Drone Army’ project.  The authorities expect to bring together talented developers, engineers, cyberspecialists and volunteers in order to create advanced systems and technologies for detecting, tracking …

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Ukraine, Estonia, Lithuania and Luxembourg launch “IT coalition” to bring Ukraine closer to NATO

Ukraine, Estonia and Luxembourg have launched an “IT coalition” as part of the coordinated defense effort against Russia, Oleksii Reznikov announced on June 15 during a Ramstein meeting in Brussels  The Ukrainian minister of defense tweeted: “Today, at a UDCG [Ukraine Defense Contact Group] meeting, my colleagues, François Bausch [Luxembourg’s defense minister] and Hanno Pevkur [Estonia’s defense …

Ukraine, Estonia, Lithuania and Luxembourg launch “IT coalition” to bring Ukraine closer to NATO Read More

European Commission allocates €20 million to integrate Ukrainian startups to EU ecosystem

Nearly one year after initial announcements, an EU-backed €20 million program to support Ukrainian high-tech startups is starting to take shape.  Earlier this week, the European Commission announced the winner of its competitive call. A “pan-European network of startup associations, enterprise support centres, incubators and accelerators” will be formed to help Ukrainian innovators integrate into …

European Commission allocates €20 million to integrate Ukrainian startups to EU ecosystem Read More

Ukrainian startup secures $1 million to counter online disinformation

Ukrainian VC firm SMRK has injected $1 million in Osavul, a company launched last year “to protect society from disinformation and manipulations from malicious actors.” “The world has faced a powerful wave of propaganda and narratives discrediting Ukrainians and its struggle. New technologies — such as large language models like ChatGPT — make it easier …

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International financial institutions commit record $254 million to Ukraine-based PE fund

Horizon Capital, a leading private-equity manager focusing on Ukraine and Moldova, announced today the interim closing of Horizon Capital Growth Fund IV (HCGF IV). The new fund has received $254 million in commitments — above the initial $250 million target — from a bevy of financial institutions. Ukrainian president Volodymyr Zelenskyy personally attended the signing ceremony today …

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