AI & Big Data - Ukraine Digital News

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

Ukraine’s roadmap to an artificial intelligence future

January 20, 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

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

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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Ukrainian-founded startup vanishes after raising millions from top international investors

June 4, 2020

Sixa, an American startup with Ukrainian founders, has disappeared from all radars, raising suspicious about the reality of its business. After injecting millions of US dollars in the venture, investors now doubt that any team or products have remained of this startup. As reported by Telegram channel Russian Venture, Sixa founders stopped contacting its investors, citing German Kaplun of TMT Investments. In mid-2016, this London-based fund with Russian connections invested $300,000 in Sixa at …

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Ukraine startup RefaceAI targets global market with new deepfake technology

May 26, 2020

Face-swapping technology for images and video is not new. Photos altered using the Adobe Photoshop application have been around for quite a while – and several startups made the news over the past few years with new approaches in this field. Thus, Ukrainian startup Looksery – founded in 2013 – developed an application that does …

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Ukrainian AI technology synthesizes Nixon’s voice in artistic deepfake project

December 3, 2019

A Ukrainian company called Respeecher has been involved in a deepfake artistic project resurrecting Richard Nixon’s voice. The project features an alternate moon landing speech in 1969 by the US president: it is based on a speech actually prepared at that time in case things would have gone horribly wrong in space – but never pronounced since …

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Ukrainian startup develops AI-based landmine detection system

October 1, 2019

The Kyiv (Kiev)-based firm Zpoken has developed an experimental system, called Minect.ai, to detect landmines and other projectiles utilizing neural networks. It can process in real-time visual data streams from multiple sources including drones, robots and smartphones to recognize and pinpoint the location of landmines. “We participated in a military and defense exhibition here in Kyiv, …

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UiPath acquires Ukrainian automated process documentation startup StepShot

August 8, 2019

UiPath, one of the fastest-growing and most heavily-funded enterprise software companies in the world today, has acquired StepShot, a Lviv, Ukraine-based startup that specialises in automated process documentation. Terms were not disclosed, but AIN reports that the transaction was part cash, part equity, and that StepShot was hitting almost $500,000 in annual revenue from hundreds of customers. Startup Wise …

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American-Ukrainian startup People.ai raises $60 million from top Silicon Valley funds

May 24, 2019

Just seven months after a previous $30 million Series B, People.ai, a San Francisco-based startup with Ukrainian roots, announced earlier this week it raised twice as much from prestigious Silicon Valley investors. The Series C funding was led by led by ICONIQ Capital with participation by Andreessen Horowitz, Lightspeed Venture Partners, GGV Capital and Y Combinator. ICONIQ …

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Ring violated customer privacy and develops fake AI tools with Ukrainian R&D team, claim US media

January 14, 2019

Ring, the much-hyped US startup which develops outdoor home-security solutions and was acquired by Amazon in 2018, is known for having opened an R&D office in Ukraine in 2016. Located in Kiev (Kyiv), this facility integrates computer vision, artificial intelligence and machine learning technologies into the company’s products, as reported a few months ago by Ukraine …

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Snapchat reportedly buys Teleport’s technology, woos its best developers

December 13, 2018

Note: This story has been updated following new elements brought by one of Teleport’s founders Snapchat has hired some of the best developers of Teleport, a startup launched by tech entrepreneurs from Ukraine, Estonia and Russia. The US company is also said to have acquired the processing image technology developed by this company, which claims it …

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American-Ukrainian startup People.ai raises $30 million “to deliver on the true meaning of predictive enterprise”

October 23, 2018

People.ai, a San Francisco-based startup with Ukrainian roots, announced today it raised $30 million in a Series B funding led by Andreessen Horowitz (a16z). Also participating in the round were Series A investors Lightspeed Venture Partners (lead), GGV Capital, and Y Combinator. The details of the deal have not been disclosed, but the company said it …

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