International

How Ukraine’s IT sector could benefit from the country’s EU membership 

EUKRAINA, a EU-sponsored campaign to support Ukraine’s EU integration, has analyzed the benefits that the Ukrainian IT sector may expect from its EU membership. Ukraine signed, in 2014, an Association Agreement with the EU, and received the status of candidate for EU membership in 2022.   “This process should create a powerful synergy effect for both sides in the field of information technology …

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EBRD and Greencubator launch new edition of green grant program for Ukrainian SMBs

In spite of the war, the EBRD has launched a new edition of its Climate Innovation Vouchers program in Ukraine. Operated by Greencubator, a Ukrainian non-profit for sustainable entrepreneurship, this €1.5 million program has provided grants of up to €50,000 to more than 35 startups so far.  The program targets innovative SMBs develop or implement technologies that reduce greenhouse gas …

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Ukrainian DeFi startup secures $3.5 million from international investors

In spite of the recent market downturn, investors have not lost their faith in the future of decentralized finance (DeFi). Illustrating this, Stroom, a Kyiv-based startup developing a liquid staking protocol, has just raised $3.5 million from international investors.  Stroom’s protocol bridges the Bitcoin Lightning Network (LN) with Ethereum Virtual Machine (EVM)-compatible blockchains. According to the …

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US market leader acquires Ukrainian-founded HR performance software startup

Earlier this month Peoplelogic, a leading US platform for “organizational success in the future of work,” announced the acquisition of Plai, a Ukrainian-founded startup headquartered in Los Angeles. Neither the amount nor other details of the transaction were disclosed. Founded in 2019 by Ukrainian entrepreneurs Andrii Bas, Sasha Chepurnoi and Oleh Kryvytskyi, Plai has developed a people …

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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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IFC invests in Miratech, announces further massive support of Ukraine’s IT-driven reconstruction 

The International Finance Corporation (IFC) is considering investing some $1.5 billion in Ukraine’s banking sector, agribusiness and infrastructure, reports Reuters, citing a senior official of the World Bank’s affiliate.  The IFC has already provided nearly $400 million in support since the war broke out in February 2022, Alfonso Garcia Mora said on Friday in Kyiv as the …

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How Ukraine has become a testing ground for new military technologies

Since Russian invaded the country in Feb. 2022, a variety of new military technologies have been tested in Ukraine. Advanced technologies have made the difference on the ground — as exemplified by US software used by Ukrainian officers to create detailed digital maps of battlefields.  Meanwhile, Ukrainians have been developing their own innovation capabilities. Recent …

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After raising $550,000, this Ukrainian startup wants to bring drones to US farmers

FarmFleet is developing a “Robotics-as-a-Service” marketplace for farmers and their service providers. This will create new opportunities to perform or manage a variety of field operations involving drones and robots, optimize and adapt them to “changing weather conditions, limited resources and seasonal peak periods.” FarmFleet’s platform initially focuses on the use of spraying drones. The …

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Sequoia: “Ukrainian talent proves resilient”

The first edition of ‘Atlas,’ Sequoia’s guide to Europe’s technical talent, includes an article about the resilience of Ukraine IT workforce.  “While data regarding the Ukrainian tech scene amid the ongoing war is sparse and subject to fluctuations, a few undeniable facts illustrate the remarkable resilience of the country’s tech industry and its workforce,” write the …

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Ukraine, Estonia, Lithuania and Luxembourg launch “IT coalition” to bring Ukraine closer to NATO

Ukraine, Estonia and Luxembourg have launched an “IT coalition” as part of the coordinated defense effort against Russia, Oleksii Reznikov announced on June 15 during a Ramstein meeting in Brussels  The Ukrainian minister of defense tweeted: “Today, at a UDCG [Ukraine Defense Contact Group] meeting, my colleagues, François Bausch [Luxembourg’s defense minister] and Hanno Pevkur [Estonia’s defense …

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