AI & Big Data - Ukraine Digital News

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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Experts from East and West to gather in Lviv to discuss AI and Big Data

February 20, 2018

On March 10, Lviv, a major city in Western Ukraine, will play host to annual AI&Big Data Day, an international conference about the latest developments in the field of artificial intelligence and Big Data. The event will bring together 40 speakers and nearly 350 data scientists, developers, startup entrepreneurs, researchers, engineers, investors and AI enthusiasts …

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Neuromation raises $50 million through ICO “to democratize the AI industry”

January 11, 2018

Earlier this week Neuromation, a Blockchain and distributed synthetic data platform for deep learning applications, announced that it sold 60 million of its tokens just eight hours after the start of its public sale. This brings the amount raised during both the pre-ICO and ICO campaigns to the total equivalent of $50 million. Contributors from …

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Why startups from Eastern Europe are so strong in face recognition and augmented reality

November 9, 2017

Eastern-European engineers seem to have some special skills, or secret sauce, to develop face recognition and related AR technologies, if judging by the number of startups with roots in this region that have made the news over the past few years. Emerging from Russia, Belarus and Ukraine in particular, they have topped international contests, received …

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Petcube raises $10 million, aims to develop Big Data analysis to better understand pets

October 26, 2017

Yesterday Petcube, a US-based startup with Ukrainian roots, announced that it has completed a $10 million series A round from several investors, including Almaz Capital, AVentures Capital and Y Combinator. Petcube, which has developed a pioneering connected pet device, says it will use the investment for product development and marketing, as well as to enlarge its distribution …

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Fintech startup born in Ukraine and raised in Singapore closes series A round

July 3, 2017

Fintech startup Turnkey Lender has raised an undisclosed amount from Palo Alto-based Vertex Ventures, reports TechinAsia. Turnkey Lender gives financial services providers a cloud-based solution for managing the loans that they give to their clients and customers. It uses machine learning technology to analyze and assess loan applicants. Launched in Ukraine by Elena Ionenko and co-founder Dmitry Voronenko back in …

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PromoRepublic raises $1.2 million for AI which creates social media for small businesses

June 26, 2017

As AI slowly seeps into various sectors, it was fairly inevitable that we would start to see the “AI for X” startups begin to appear. Thus “AI for small business social media” is now a thing, in the shape of PromoRepublic, a US/Finnish/Ukrainian startup which has now raised a $1.2M investment round. More specifically, they bill …

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SendPulse acquires Turkish email marketing service provider

June 16, 2017

SendPulse, an AI-powered email marketing service provider, announced it had acquired its Turkish counterpart Mailto in late May. Although the amount of the transaction has not been disclosed, SendPulse’s co-founder and CEO Constantine Makarov told Ukraine Digital News that Mailto has been valued at $300,000. “As we are focused on the emerging and fast-growing markets, …

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