The Economist: “How Ukraine is using AI to fight Russia”

In an in-depth article published last week, The Economist analyzes the increasing use of AI technology in various aspects of Ukraine’s military operations and national security strategies.  The article highlights the following: Ukrainian President Volodymyr Zelensky called for increased use of AI for national security as early as 2019, reminds The Economist. Government effort led to …

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Intellias strengthens digital health expertise with acquisition of US firm C2 Solutions

Earlier this week Intellias, a global software engineering and digital consulting company originating from Ukraine, announced the acquisition of C2 Solutions, a technology service and product lifecycle management firm based in the United States. Intellias has completed the acquisition of all shares of C2, while the amount of the transaction remains undisclosed. Commenting on the …

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Ukrainian-founded legtech startup raises $5 million, inks partnership with DocuSign

Could this Californian startup, founded four years ago by a Ukrainian entrepreneur, be a potential future legtech leader? OneNotary has developed an on-demand notarization solution, aiming to revolutionize what its founder Ivan Zinkov calls the “terrible and outdated” traditional experience of notarizing documents. The startup enables notaries and their clients, spanning both individuals and businesses, …

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London-based new fund plans to invest £15 million in Ukrainian and CEE startup talent

A new fund, ‘1991 Ventures,’ has been launched in London to support Ukrainian startup entrepreneurs, both within and beyond their war-affected nation, along with other Central and Eastern European (CEE) startup talents.   The name ‘1991’ pays homage to the year of Ukraine’s independence amid the dismantlement of the Soviet Union.  With an initial endowment of …

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Industry report praises Ukraine’s “strong IT industry” and “unlimited” startup potential but acknowledges recent export setback

Yesterday IT Ukraine Association unveiled its annual research on the state of the IT industry in the country. Titled “Digital Tiger,” this 66-page report aims to showcase the country’s capabilities in this field. Various aspects are covered, spanning IT education and workforce, the IT ecosystem stucture and institutions. The report also analyses the industry segments, the geography and evolutions of IT service …

Industry report praises Ukraine’s “strong IT industry” and “unlimited” startup potential but acknowledges recent export setback Read More

Ukrainian-founded startup in Italy aims to revolutionalize satellite servicing technology

Kurs Orbital, a Turin-based startup founded by Ukrainian space industry veterans, has closed a €3.7 million seed funding round to accelerate the commercialization of its satellite servicing technology.  The round was led by OTB Ventures, a prominent European DeepTech investor with a focus on Central and Eastern Europe. Other participants in the round include Czech Credo Ventures, Italian …

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Time magazine: “How Tech Giants Turned Ukraine Into an AI War Lab”

In a front-page article published earlier this month, Time magazine reviews Western tech corporations’ most notable contributions to Ukraine’s high-tech defense effort, and their far-reaching local and global implications. Time reporter Vara Bergengruen cites in detail the example of Palantir, whose CEO Alex Karp went to Kyiv just three months after the Russian invasion started, …

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New US-Ukrainian startup accelerator aims to “become a driver of Ukraine’s defense tech”

Last week American University Kyiv and its partner Arizona State University announced the launch of “Military Innovation Technology Solutions,” an acceleration program designed for defense startups. The acronym ‘MITS’ is inspired by the Ukrainian word for ‘might.’ Military institutions usually work with large defense manufacturers and solution providers, rather than with startups. But “Ukraine’s resistance …

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Horizon Capital closes $350 million fund with massive international support

Yesterday Horizon Capital, a Kyiv-based, US registered private equity manager investing in Ukraine and Moldova, announced the final closing of its fourth fund. Christened Horizon Capital Growth Fund IV (HCGF IV), the new fund has received $350 million in commitments — well above the initial $250 million target and  the interim closing at $254 million in …

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Google annouces additional $10 million grant allocation to support Ukrainian startups

On February 17, Google announced the start of the second phase of financing of its support fund for startups in Ukraine, launched in March 2022. The US giant’s $10 million allocation will materialize in the form of up to $200,000 grants, in addition to “mentoring support, product support, and $300,000 in Google Cloud credits.” “This …

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‘EU Business Hub’ launches in Brussels to accelerate AI startups and develop ties between Europe and Ukraine

Yesterday the Ukrainian Venture Capital and Private Equity Association (UVCA) announced the launch of the ‘EU Business Hub’ in Brussels. Under the motto “Cooperation. Creation. Innovation,” this business platform aims to “create long-term partnership relations between Ukrainian and European businesses” and foster cooperation between countries. The EU Business Hub has three components. One is a …

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How the EU’s €50 billion financial assistance package could support technology investment in Ukraine

On Feb. 1, the European Union’s leaders agreed on €50 billion of “regular and predictable” financial support to Ukraine between 2024 and 2027.  This “Ukraine Facility” will materialize in “up to €50 billion in grants and highly concessional loans” made available by the European Commission. While intended primarily for Ukraine to “keep its administration running, …

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