Lviv

Report: Ukrainian IT sector demonstrates resilience and growth despite Russian invasion

Since 2016, industry association Lviv IT Cluster has published an annual report on industry trends in this tech-friendly region of western Ukraine. This year, the research aims to reflect the key evolutions Ukrainian IT industry in wartime nationwide. While more than 5,000 respondents were surveyed in the Lviv, Ivano-Frankivsk, Rivne, Ternopil, Volyn, Chernivtsi and Zakarpattia regions, the …

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Backed by Ukrainian programmers, US startup Very Good Security raises $60 million in Series C round

On December 21 Very Good Security (VGS) a San Francisco startup with substantial activity in Ukraine, raised $60 million in a funding round led by Vertex Ventures US, one of the company’s earliest investors. Other existing investors, including Goldman Sachs (GS Growth) and Andreessen Horowitz (a16z), also took part in this Series C round, Fortune …

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US game publisher takes control of Ukrainian studio Hologryph

Last week US game publisher TinyBuild announced a $3 million investment in Hologryph, a Ukrainian game studio known for the game Secret Neighbor. Hologryph’s valuation was not disclosed, but VentureBeat reported that the deal will give TinyBuild a majority stake in the company.  Hologryph studio is based in Lviv, Western Ukraine, and has 11 employees …

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In Western Ukraine, Lviv IT Cluster and USAID to launch IT service marketplace

Industry association Lviv IT Cluster is announcing the ‘Lviv Tech Marketplace’ initiative, aiming to promote the IT industry in Western Ukraine and help small and mid-size IT companies enter global markets. The initiative enjoys the support of the USAID Competitive Economy Program in Ukraine.  This online platform will feature “the most up-to-date information on IT companies in …

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riddletag

Ukrainian facial recognition technology facilitates contactless biometrics and touchless payments

With the Covid-19 global pandemic still raging, there is new interest in contactless biometrics to authenticate consumers in retail, banking, travel and transportation and make easy touchless payments.   In 2017, in Lviv (Western Ukraine), Yuriy Holuzynets and Stanislav Berdnyk co-founded fintech startup Riddletag for the purpose of helping companies better automate their business processes. Their goal was …

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In Western Ukraine, IT industry association supports massive COVID-19 testing and local emergency needs

Industry association Lviv IT Cluster is launching ‘United for Health,’ a healthcare initiative to support this city of Western Ukraine and its region. As Ukraine is entering its third week of quarantine, this initiative aims to mobilize the local IT community, the local authorities and the Coronavirus Emergency Operation Center to “prevent the spread of …

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‘Show Me Your Traction:’ Highlights from IT Arena startup contest 2019

IT Arena, one the largest IT events in Eastern Europe, took place in Lviv, Western Ukraine, on Sept. 27-29. For the 4th time, a startup contest gathered the most talented and innovative tech entrepreneurs. No fewer than 150 startups from nine countries took part in the competition: Ukraine, the USA, the UK, France, Spain, Latvia, …

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Lviv IT Arena to inspire “the humanity of technology” (Sept. 27-29)

For the sixth year in a row Lviv, the tech-friendly capital of Western Ukraine, will host IT Arena  – the biggest tech conference in the country. During three days, on September 27-29, the event will gather 4,000 IT experts, programmers, industry leaders, startups founders and anyone interested in cutting-edge technologies. IT Arena offers a unique …

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Lviv Tech Angels launches new regional investment community

Traditionally Lviv has been better known for its IT outsourcing and software development industry than tech startup investment.  Lviv Tech Angels wants to change that.  The genesis of this group comes from the Lviv IT Cluster, which currently has about 80 technology companies as its members.  Lviv IT Cluster activities include the annual Lviv IT Arena conference, which …

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UiPath acquires Ukrainian automated process documentation startup StepShot

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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Hot IT outsourcing topics and top networking opportunities in Lviv (April 20-21)

On April 20-21 Lviv (Lvov), a major city in Western Ukraine, will host a new edition of the annual Lviv Outsourcing Forum (LIOF). This event targets owners and top managers of outsourcing companies as well as freelancers from all over Ukraine. Sharing their experience, the participants will discuss the international position of Ukrainian IT service companies, and discuss …

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