Kharkiv - Ukraine Digital News

European angel investors have bussed more than 7,500 Ukrainians to safety

April 27, 2022

Brooks Newmark, an angel investor in the U.K. and former senior partner at Apollo Global Management, was in Kharkiv, Ukraine, yesterday—where he has been trying to evacuate approximately 180 disabled children and their caregivers to safety. “In a quiet garden listening to bombs dropping in the distance,” he told me via email, shortly before our second …

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Ukrainian tech workers are getting evacuated — and many say they will never go back

March 3, 2022

Kharkiv is Ukraine’s second-most-populous city and home to its thriving $6.8 billion tech sector. In September 2021, it housed more than 500 tech companies, and the industry had grown more than 50% in two years. Today, Kharkiv, a city of 1.5 million people just 45km (25 mi) from the Russian border, is also among the most vulnerable …

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Ukrainian-founded digital transformation major Grid Dynamics acquires e-commerce solution provider

June 9, 2021

Grid Dynamics, a Ukrainian-founded, NASDAQ-listed digital transformation consultancy and solution provider, has acquired Tacit Knowledge, a major provider and integrator of digital commerce solutions. “We are pleased to welcome Tacit Knowledge to the Grid Dynamics family. [This company] excels at consulting for top global brands, differentiate through a focus on digital transformation, and consistently deliver the highest …

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EBRD to finance new, eco-friendly trolleybuses in Kharkiv and Lviv

February 28, 2019

The EBRD yesterday announced its support of a new, ecologically-friendly municipal trolleybus program in Kharkiv (Kharkov) and Lviv (Lvov), two major cites in Eastern and Western Ukraine, respectively. The bank has offered €27.5 million in total to support the acquisition of dozens of new trolleybuses and necessary maintenance equipment in the two cities. This amount …

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IT service provider Intellias inks major investment deal with Horizon Capital

October 1, 2018

Last week Intellias, a major Ukrainian IT service provider, announced that Kyiv (Kiev) based Horizon Capital acquired a minority stake in the company. The amount of the funding has not been disclosed, but Ukrainian tech blog AIN.UA believes it could be anything between $5 million and $20 million. Founded in Lviv (Lvov), in 2002, Intellias …

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Ukrainian student hackathon to explore innovative education technologies (Kharkiv, April 22-23)

April 10, 2017

On April 22-23, a 24-hour hackathon devoted to innovative IT solutions in education will be held in Kharkiv (Kharkov), Eastern Ukraine. Participants will pitch to the representatives of Ukrainian tech universities, IT business and venture funds to compete for a 30,000 hryvnia award (approximately $1,100). Christened “IT-Eureka! Ukraine,” the event will attract Ukrainian student teams, …

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US-Ukrainian Big Data startup secures $1.25 million from Californian funds

August 29, 2016

Galactic Exchange, a Silicon Valley-headquartered big data startup with engineering teams split between Kharkiv (Kharkov), Eastern Ukraine, and Menlo Park, has raised $1.25 million from Floodgate and Signia Venture Partners. Closed in early August, the deal has just been announced publicly. The two California-based VC firms had already backed the startup in its seed funding round one year ago, …

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Ukrainian startup secures funding in Silicon Valley in one week to “simplify big data”

August 7, 2015

Illustrating the growing interpenetration of the Ukrainian and US startup ecosystems, Galactic Exchange, a big data startup with activities split between Kharkiv (Kharkov), Eastern Ukraine, and Silicon Valley, recently raised a seed funding round. The negotiation with the Silicon Valley investors took “less than a week,” Galactic Exchange co-founder Konstantin Kladko told Ukrainian tech blog AIN.UA.

In Eastern Ukraine, major IT players form “Kharkiv IT Cluster”

July 30, 2015

Last week several major IT companies in Kharkiv (Kharkov) announced they are joining forces to form the “Kharkiv IT Cluster” with the stated goal of transforming the city into an attractive IT hot spot, reported tech blog AIN.UA. Among the cluster’s key supporters are software developers and publishers Altexsoft, Insart, Telesens and Videal as well as …

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