AI & Big Data

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

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

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

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

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

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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