AI & Big Data - Ukraine Digital News

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

February 28, 2023 February 28, 2023

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

November 11, 2022 November 15, 2022

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

October 3, 2022 October 4, 2022

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

August 26, 2022 August 28, 2022

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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One year after People.ai became a unicorn, its Ukrainian founder helps coordinate donations from Silicon Valley

August 23, 2022 August 28, 2022

While some Ukrainian employees feel guilty about leaving their country in wartime, People.ai’s founder Oleg Rogynskyy believes there are several ways to serve Ukraine from abroad. Rogynskyy himself helps coordinate contributions from the Silicon Valley tech community in favour of Ukraine, he said in an interview with Financial Times (see excerpts in TechUkraine.org). With “a gut …

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Ukrainian army starts using US startup’s facial recognition technology

March 13, 2022 March 14, 2022

Ukraine’s defense ministry on Saturday began using Clearview AI’s facial recognition technology, the company’s chief executive told Reuters, after the U.S. startup offered to uncover Russian assailants, combat misinformation and identify the dead. Ukraine is receiving free access to Clearview AI’s powerful search engine for faces, letting authorities potentially vet people of interest at checkpoints, …

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Ukrainian-founded startup Grammarly now valued at $13 billion

November 19, 2021 November 23, 2021

What is the value of proper writing skills? Grammarly has a precise answer: $13 billion. This now famous Ukrainian-born startup has just raised more than $200 million in Silicon Valley at this astounding valuation. The funding was provided by Baillie Gifford, an Edinburgh-based investment firm, and funds and accounts managed by BlackRock, among others. Grammarly was founded in 2009 by Kyiv natives Aleksey Shevchenko and Maksim Litvin. Its AI-powered software …

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Ukrainian-founded startup raises $3 million to “revolutionize” online image editing

October 30, 2021 October 30, 2021

Let’s Enhance, an image processing startup born in Ukraine but headquartered in San Francisco, has just secured $3 million from three VC firms and two business angels. The investor pool included San Francisco-based Chamaeleon, which led the round; Hype Ventures, founded by Swedish-Finnish serial entrepreneur Mathias Eklöf; and Acrobator VC, co-founded by Kiev-based Dutch businessman Bas …

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Ukrainian startup ChoiZy uses artificial intelligence for kids’ career guidance

February 11, 2021 February 11, 2021

ChoiZy, a Ukrainian career guidance platform founded in 2019, uses artificial intelligence to help school kids get a better understanding of what a given profession entails. ChoiZy claims more than 18,000 users registered on its Ukrainian platform, with 428 professions featured. The edtech startup has agreed a pre-seed investment with a Ukrainian business angel. Neither …

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Ukraine’s roadmap to an artificial intelligence future

January 20, 2021 January 26, 2021

In recent years, Ukraine’s world-class artificial intelligence (AI) industry has become something of a calling card for the country’s booming tech sector. Billion dollar Ukrainian startups including Grammarly and GitLab have managed to establish a global presence while maintaining AI offices in Ukraine. Meanwhile, as word has spread, global tech giants such as Samsung, Google, …

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Ukrainian deepfake startup RefaceAI raises $5.5 million from top Silicon Valley investors

December 9, 2020 December 14, 2020

Andreessen Horowitz, a top Silicon Valley venture firm, has led a $5.5 million seed round for Ukrainian deep tech entertainment startup Reface. Other participants in the deal include prominent angel investors across the gaming, music, film/content creation and tech industries, TechCrunch reports. Reface has developed a technology for face-swapping, allowing users to turn their selfies into realistic famous video clips …

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Ukrainian EOS team receives €300,000 grant from European Union

August 27, 2020 August 31, 2020

Last week, the Ukrainian team of the US company EOS Data Analytics, which specializes in processing and analyzing GIS data in large amounts, was selected to receive a €308,000 grant from the European Commission as part of a Horizon 2020 consortium. This EU project, dubbed ‘Goldeneye,’ aims to “implement a unique combination of remote sensing …

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