AI & Big Data - Ukraine Digital News

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 …

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

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 …

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

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 …

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

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 …

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

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, …

SendPulse acquires Turkish email marketing service provider Read More

American-Ukrainian startup People.ai secures $7 million to automate sales operations

May 31, 2017

People.ai, a startup that has developed an AI-based predictive tool for sales managers, has raised $7 million in Series A funding led by Lightspeed Venture Partners, TechCrunch reports. The startup will use the funding to scale out its product and sales teams, and engage in more enterprise-focused R&D. Index Ventures and Shasta Ventures also participated in …

American-Ukrainian startup People.ai secures $7 million to automate sales operations Read More