Ukrainian investors provided initial financing for the Ukrainian startup Adsme, which is developing its own AI technology for predicting the effectiveness of advertising in Meta Ads. The size of the investment was not announced, but it is expected to allow the startup to expand its activities and reach a turnover of $100M per year over the next five years.
The funds will be used to hire new employees including developers and machine learning experts. The team also plans to research and develop its own artificial intelligence technology for big data analysis to collect more accurate data for small and medium-sized business clients and advertising agencies.