AI & Big Data

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 …

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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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Increased drone production, new startup accelerator, AI investment: Ukrainian defense tech on the rise

In recent weeks, Ukraine has witnessed a surge in defense tech innovation initiatives, signaling progress in this crucial sector. Among the 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 …

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The Economist: “How Ukraine is using AI to fight Russia”

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: Ukrainian President Volodymyr Zelensky called for increased use of AI for national security as early as 2019, reminds The Economist. Government effort led to …

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US-based, Ukrainian-founded AI startup raises $3 million three months after launch

AiSDR, a US startup founded by two Ukrainian entrepreneurs in August 2023, has just raised $3 million to develop its AI-powered sales support solution.  “Just like a human SDR, AiSDR will reach out to your prospects on your behalf and engage them in personalized conversations with the goal of booking a meeting for you,” claims …

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Ukrainian AI startup gets $500,000 from Andreessen Horowitz to “Accelerate Games x Tech”

A Kyiv-based startup called Zibra AI is among the 32 participants — out of 1,600 applicants — in the first batch of Speedrun. Launched recently by Andreessen Horowitz (a16z), this accelerator aims to stimulate entrepreneur-led innovation in the gaming industry, which is often dominated by large companies. The Silicon Valley venture firm has committed up …

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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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Ukrainian-American Zeely attracts $1 million to help entrepreneurs develop mobile business

Earlier this month Zeely announced the completion of a $1 million round of funding to develop further its mobile web store and ad builder for small business owners. The Ukrainian-founded, US-headquartered startup was backed by Vesna.Capital, Angel One Fund and ZAS Ventures, three funds with Ukrainian roots; Imaguru Ventures, based in Spain with Belarusian roots; as …

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

From Kyiv, to Warsaw, to London, Ukrainian startups continue growing and raising funds

In yet another sign of resilience amid the war, at least five funding deals involving Ukrainian or Ukrainian-founded startups were reported in the course of February. Finmap landed €1 million in a round led by Polish-American venture fund Smok Ventures, a Warsaw, Poland-based fund. Launched in 2018 by Ukrainian entrepreneurs Ivan Kaunov and Oleksandr Solovei, Finmap is …

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Time magazine features Ukrainian bionic hand prosthesis among world’s best inventions

The Ukrainian maker of a next-gen hand prosthesis is making the cover of Time magazine, which has featured it this year among “200 innovations changing how we live.” With its five separate movable fingers, this lightweight prosthesis combines low-power electronics and light movable machinery design to articulate 288 metal, plastic or silicon components.  But not …

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Ukrainian Roosh invests in US and UK AI companies

Last week Roosh, a Kyiv-headquartered company that develops international AI technologies, announced an investment in Neurons Lab.  This UK company provides research, development and consulting services for SMBs to create solutions in the field of artificial intelligence — typically in health tech, energy tech and other segments. Neurons Lab claims to develop up to ten projects per …

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Global thought leaders support Ukraine’s AI community during wartime

Starting this Friday, a series of livestreams will go on until Oct. 19, with a bevy of US and European AI experts sharing their knowledge and vision of artificial intelligence.  Dubbed AI For Ukraine, this non-profit initiative aims to support the development of Ukraine’s AI community during wartime. It is organized by AI House, the community …

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