Tech

Thursday, January 16

A startup that counters disinformation campaigns raises $1.6M and plans to scale.

A startup that counters disinformation campaigns raises $1.6M and plans to scale. Ukrainian startup LetsData, which uses artificial intelligence to detect disinformation campaigns, has raised $1.6M in a pre-seed round led by SMOK Ventures, with participation from Wayra, Tilia Impac...

Wednesday, January 15

Five EU countries have created a working group to develop joint defense enterprises with Ukraine.

Five EU countries have created a working group to develop joint defense enterprises with Ukraine. After a meeting with his colleagues from Poland, France, Italy, and Britain, German Defense Minister Boris Pistorius noted that European arms manufacturers will only benefit if they utilize free produ...

Tuesday, January 14

Ukraine might hold the tank advantage over Russia for the first time since 2022.

Ukraine might hold the tank advantage over Russia for the first time since 2022. For the first time since the start of the full-scale Russian invasion in 2022, Ukrainian troops might have an advantage in tanks, although only in certain sections of the front. The main reason for th...

Friday, January 10

Ukraine and Denmark summed up the results of their cooperation under the Danish model: Ukraine’s Armed Forces have already received weapons worth €538M.

Ukraine and Denmark summed up the results of their cooperation under the Danish model: Ukraine’s Armed Forces have already received weapons worth €538M. In 2024, Ukraine and Denmark successfully implemented cooperation under the Danish model of financing in the Ukrainian defense industry. The primary sources of financing include: €125M from Denmark th...

Ukrainian factories are manufacturing components for Croatian demining machines.

Ukrainian factories are manufacturing components for Croatian demining machines. The Ministry of Economy has reported that Ukrainian company A3tech-Ukraine is manufacturing the working body for demining machines for Croatian company DOK-ING. The localization level for machines has...

Wednesday, January 8

The Ukrainian cybersecurity market has grown to $138M and will increase by another 50%.

The Ukrainian cybersecurity market has grown to $138M and will increase by another 50%. The Ukrainian cybersecurity market’s volume has grown by 300% over the past eight years, and in 2024 it amounted to $138B and will grow by another 50% over the next five years to reach $209M. Th...

Tuesday, January 7

Ukraine will attract $1B this year through the Danish model of arms procurement.

Ukraine will attract $1B this year through the Danish model of arms procurement. Ukraine will develop the Danish model, according to which partners purchase weapons from the Ukrainian defense industry for the needs of the Ukrainian military, and this program is expected to attract...

A historical precedent: Wind overtakes gas in UK electricity generation.

A historical precedent: Wind overtakes gas in UK electricity generation. For the first time in history, wind turbines provide more electricity in the UK than gas-fired power stations. Last year, wind power accounted for 29% of the country’s total energy mix, while gas-fire...

Monday, January 6

The Ukrainian military-industrial complex’s capacity increased by 500% in one year.

The Ukrainian military-industrial complex’s capacity increased by 500% in one year. In 2024, the government invested over ₴39B ($1B) in weapons production, allowing for an increase in the capacity of the domestic military-industrial complex by 500%, the Cabinet of Ministers reported....

Monday, December 23

What further defensive support have Ukraine’s partners promised?

What further defensive support have Ukraine’s partners promised? In January next year, the UK and its partners will supply Ukraine with thousands of combat drones as part of the Maritime and Drone Capability Coalitions. Britain will also continue training Ukrainian...

Thursday, December 19

Piraeus Bank sponsored the War & Politics Live event in Kyiv: What the Future Holds for Ukraine in 2025.

Piraeus Bank sponsored the War & Politics Live event in Kyiv: What the Future Holds for Ukraine in 2025. On December 13, the UBN Network hosted an event titled “WAR & POLITICS: POST US ELECTIONS – WHAT THE FUTURE HOLDS FOR UKRAINE.” As the general sponsor of UBN’s series of ev...

Monday, December 16

Ukraine will spend 10 times more on its defense than NATO countries in 2025; the EU is not ready for war with Russia.

Ukraine will spend 10 times more on its defense than NATO countries in 2025; the EU is not ready for war with Russia. Next year, Ukraine will spend about 25% of its GDP on defense, which is 900% more than European NATO allies’ average, NATO Secretary General Mark Rutte said during a keynote speech in Brussels. ...

Thursday, December 12

Ukraine is developing its own long-range weapons to counter Russia and is testing new missiles.

Ukraine is developing its own long-range weapons to counter Russia and is testing new missiles. The Ukrainian government is preparing for a reduction in Western military aid next year and is trying to increase its domestic weapons production capacity. The emphasis is on weapon systems that can p...

Private arms manufacturers say there are no government orders for 2025 to load existing capacities.

Private arms manufacturers say there are no government orders for 2025 to load existing capacities. In Ukraine, 75% of 31 private companies in the defense-industrial complex said they are not negotiating to conclude any government weapons contracts for 2025. Only 19% of manufacturers have transition...

Monday, December 9

Ukraine has narrowed the artillery gap with Russia and will soon gain a technological advantage.

Ukraine has narrowed the artillery gap with Russia and will soon gain a technological advantage. The Russian military has lost almost its entire advantage in the number of artillery shells it is able to fire over Ukraine in recent months due to production restrictions and Ukrainian strikes on amm...

Wednesday, December 4

Drone maker Helsing has become one of Europe’s most valuable startups.

Drone maker Helsing has become one of Europe’s most valuable startups. Helsing, valued at €5B, has become one of Europe’s most valuable startups, thanks to a surge in demand for drones and software for drones and fighter jets amid the war in Ukraine. The company ha...

Friday, November 29

Ukrainian IT exports may decline by 6% this year.

Ukrainian IT exports may decline by 6% this year. The decline in exports of Ukrainian IT services continues. Even under an optimistic scenario, by the end of 2024 the decrease in volume will be at least 4% compared to last year, and this figure could...

Thursday, November 28

Europe is funding Ukrainian weapon production due to its capacity constraints.

Europe is funding Ukrainian weapon production due to its capacity constraints. European allies, struggling to produce enough weapons for Kyiv’s war effort, are taking a new approach: giving Ukrainians money to do it themselves. Under the new approach, Europeans are funding gover...

Monday, November 25

Ukraine is developing ballistic missiles and could use them soon.

Ukraine is developing ballistic missiles and could use them soon. The WSJ noted that Ukraine is actively building rockets capable of striking deep behind enemy lines. Most of the program’s details are being kept secret, but Ukrainian officials have previously ...

Sweden and Lithuania are preparing investments in Ukrainian long-range weapon production.

Sweden and Lithuania are preparing investments in Ukrainian long-range weapon production. Sweden will soon announce the allocation of substantial funds for the development and production of long-range weapons for Ukraine, announced Swedish Defense Minister Poul Jonson. He said investments ...

Ukrainian companies take the lead in applying for international tenders within the Drone Coalition.

Ukrainian companies take the lead in applying for international tenders within the Drone Coalition. Ukrainian manufacturers have become the leaders in the number of applications for international tenders to produce interceptor drones through the Drone Coalition, submitting 32% of the total. In advan...

Wednesday, November 20

Ukraine has increased missile production and is preparing a financial basis for developing the domestic defense industry.

Ukraine has increased missile production and is preparing a financial basis for developing the domestic defense industry. Internal investment in weapons production and involving partners will form a reliable financial basis for the further development of the Ukrainian defense-industrial complex, President Zelenskyy said ...

Monday, November 18

Ukraine has begun mass production of EW-resistant drones and developed four types of missiles.

Ukraine has begun mass production of EW-resistant drones and developed four types of missiles. Ukrainian attack drone companies plan to increase their production of inexpensive and effective kamikaze drones that are not affected by Russian electronic warfare (EW) systems to an industrial scale ...

Norway will finance the production of weapons and equipment in Ukraine according to the Danish model.

Norway will finance the production of weapons and equipment in Ukraine according to the Danish model. Norway will mirror the Danish support format, which is direct financing of Ukrainian weapon and equipment production, allowing faster production and delivery of weapons to the front. In addition, the ...

Thursday, November 14

Ukraine has increased its annual arms production to $30B but has only $10B to purchase weapons for the military.

Ukraine has increased its annual arms production to $30B but has only $10B to purchase weapons for the military. Ukrainian enterprises that comprise the defense-industrial complex can annually manufacture products with a total value of $30B, Minister of Strategic Industries Herman Smetanin said. Ukraine has alre...

Wednesday, November 13

The Armed Forces of Ukraine have already received one million drones, and next year this number will increase significantly.

The Armed Forces of Ukraine have already received one million drones, and next year this number will increase significantly. In 2024, a million drones have already been delivered to the front, and 96% of them are Ukrainian-made, the Ministry of Digital Transformation reports. Brave1 defense cluster participants have already...

A Ukrainian pipe manufacturer invests $1B to maintain competitiveness in the global market.

A Ukrainian pipe manufacturer invests $1B to maintain competitiveness in the global market. Over the past several years, Interpipe, a Ukrainian producer of pipes and railway wheels, has invested about $1B in the construction of a modern electric steelmaking complex – Interpipe Steel, which a...

Thursday, November 7

A Ukrainian manufacturer of non-ferrous metal products launches a €19M cable production plant in Poland.

A Ukrainian manufacturer of non-ferrous metal products launches a €19M cable production plant in Poland. One of the largest producers of non-ferrous metal products in Ukraine, Electro Cable Group, launched a cable production plant in the Polish city of Zabrze in June. The key argument in Poland’s f...

American fund Green Flag Ventures is ready to finance up to six Ukrainian startups in the first half of 2025.

American fund Green Flag Ventures is ready to finance up to six Ukrainian startups in the first half of 2025. The American founders of Green Flag Ventures, Justin Zeefe, and Deborah Fairlamb, invest in Ukrainian defense startups with checks ranging from $100,000 to approximately $1.2M. By the end of 2024, the...

Monday, November 4

Ukraine has developed and plans to produce air defenses and ballistic missiles soon.

Ukraine has developed and plans to produce air defenses and ballistic missiles soon. Kyiv can start making its own ballistic and cruise missiles as early as the middle of 2025, said Director of the state enterprise Spetstechnoexport, Oleksiy Petrov. According to him, flight tests of U...

Friday, November 1

A Ukrainian developer of EW-resistant military communication systems receives funds for scaling, and defense startups attract $25M in foreign investment.

A Ukrainian developer of EW-resistant military communication systems receives funds for scaling, and defense startups attract $25M in foreign investment. A Ukrainian developer of communication systems, Himera, received an investment from the Nezlamni fund. Although the amount is undisclosed, it is within the standard range of the fund’s $100,000 ...

Thursday, October 31

The integration of Ukraine’s military-industrial complex into the EU’s defense industry will bring benefit for both sides.

The integration of Ukraine’s military-industrial complex into the EU’s defense industry will bring benefit for both sides. Andrius Kubilius, a member of the European Parliament nominated for appointment as European Commissioner for Defense in the new European Commission, stated: “I will be responsible for the implem...

Seeds of Bravery is providing €1.25M in funding to 38 Ukrainian startups.

Seeds of Bravery is providing €1.25M in funding to 38 Ukrainian startups. The Seeds of Bravery funding will support innovation and growth across four key programs. It will help entrepreneurs accelerate their projects, raise necessary resources, and expand their presence in ...

Tuesday, October 29

German businesses contemplate their options as the suspension of military reservations threatens companies working in Ukraine.

German businesses contemplate their options as the suspension of military reservations threatens companies working in Ukraine. The suspension of the reservation of Ukrainian workers, despite the millions of dollars invested by German companies to support Ukraine’s economy during the war, threatens the business community...

Monday, October 28

Rheinmetall gives updates on the construction of several arms factories in Ukraine.

Rheinmetall gives updates on the construction of several arms factories in Ukraine. The Rheinmetall defense concern’s first plant is already operating in Ukraine, and the second is close behind it. The company plans to build several more enterprises, Rheinmetall director Armin ...

Friday, October 25

Ukraine has exceeded its drone production plan and brought more than 900 new models of military equipment into service.

Ukraine has exceeded its drone production plan and brought more than 900 new models of military equipment into service. Deputy Minister of Defense Ivan Gavryliuk said that Ukraine exceeded planned drone production, which former Minister of Industry Oleksandr Kamyshyn spoke about at the end of last year. Then, Kamyshyn ...

Half of Ukraine’s largest IT companies have reduced revenues due to the war and the need to relocate.

Half of Ukraine’s largest IT companies have reduced revenues due to the war and the need to relocate. In 2023, 15 of the 30 largest IT companies in Ukraine recorded a decrease in revenue compared to 2022. This is due to the redistribution of business between legal entities of the same group, relocatio...

Wednesday, October 23

The Russian-Ukrainian war forces defense companies to actively invest in laser weapons to counter UAVs.

The Russian-Ukrainian war forces defense companies to actively invest in laser weapons to counter UAVs. Leading defense companies such as RTX in the US, MBDA in the EU, and QinetiQ in the UK have begun to invest heavily in developing low-cost, high-energy laser weapons to combat UAVs. During the war in ...

Monday, October 21

Ukraine will receive about $5B to produce drones; the opening of defense product exports is under consideration.

Ukraine will receive about $5B to produce drones; the opening of defense product exports is under consideration. President Volodymyr Zelenskyy said that by the end of the year Ukraine will receive another $4-5B for domestic drone production. Zelenskyy specified that the state spent about ₴120B ($3B) on domestic ...

Investment in Ukrainian defense startups may reach $50M this year.

Investment in Ukrainian defense startups may reach $50M this year. According to a study by the KSE and Brave1, in 2023 Ukrainian defense startups attracted up to $5M in investment; in 2024 the amount may reach $50M. The average investment round size increased from $5...

Wednesday, October 16

A lack of raw materials and long production cycles prevent the West from adapting projectile production to Ukraine’s needs.

A lack of raw materials and long production cycles prevent the West from adapting projectile production to Ukraine’s needs. Russia’s aggression against Ukraine has caused a noticeable increase in projectile production in Western countries, but due to a lack of raw materials and long production cycles, it still does n...

Brave1 defense cluster participants have already received $8M in grants from the state.

Brave1 defense cluster participants have already received $8M in grants from the state. According to Minister of Digital Transformation Mykhailo Fedorov, companies registered on the Brave1 platform have already received $8M in grants from the state to develop their technological startups...

Tuesday, October 15

Borrell calls Russian aggression against Ukraine an existential threat to the EU and for investment in defense technologies.

Borrell calls Russian aggression against Ukraine an existential threat to the EU and for investment in defense technologies. EU High Representative Josep Borrell noted that Russia’s aggressive war is seen as an existential threat to the EU. Therefore, the determination of joint borrowing to finance Ukrainian military ...

Monday, October 14

Denmark’s investment fund will develop the Ukrainian defense industry: What other defensive assistance are Ukraine’s partners offering?

Denmark’s investment fund will develop the Ukrainian defense industry: What other defensive assistance are Ukraine’s partners offering? Denmark plans to create an investment fund to develop the Ukrainian defense industry and accelerate weapons production. Investors will receive an ownership share, access to information, and the opport...

Thursday, October 10

Ukrainian startups have a better price-quality ratio than their American counterparts.

Ukrainian startups have a better price-quality ratio than their American counterparts. Civitta’s report notes that the Ukrainian startup ecosystem is showing stable and rapid growth despite difficult conditions. From 2013 to 2023, IT’s contribution to GDP increased by 470%. ...

Ukraine is getting closer to lifting the ban on arms exports to support the defense industry.

Ukraine is getting closer to lifting the ban on arms exports to support the defense industry. Ukraine’s military urgently needs more surveillance, strike, and combat drones, but due to limited government resources drone manufacturers are looking for opportunities to export their products abroa...

Tuesday, October 8

The UK allocates $4.5B for the purchase of British weapons for Ukraine.

The UK allocates $4.5B for the purchase of British weapons for Ukraine. Britain has already provided Ukraine with £3.5B ($4.5B) to purchase modern military equipment from British manufacturers. A British trade mission visited Ukraine to discuss further cooperation with th...

The US increases its share of European defense startup venture capital by 200%, but Poland takes the lead in European security.

The US increases its share of European defense startup venture capital by 200%, but Poland takes the lead in European security. Against the backdrop of surging global conflict, US investors provided more than 65% of venture capital investment in European defense technology in 2024, compared to 18% last year. According to Dealr...

Thursday, October 3

Ukraine is counting on 500% growth in the domestic defense industrial complex by the end of the year.

Ukraine is counting on 500% growth in the domestic defense industrial complex by the end of the year. During the first eight months of the year, weapons production in Ukraine increased by 100% compared to the same period last year, Prime Minister Denys Shmyhal said at DFNC2. According to him, weapons ...

Wednesday, October 2

A manufacturer of Leopard tanks and Caesar howitzers will repair military equipment in Kyiv and plans to produce ammunition and spare parts with Ukraine.

A manufacturer of Leopard tanks and Caesar howitzers will repair military equipment in Kyiv and plans to produce ammunition and spare parts with Ukraine. One of the largest arms manufacturers in Europe, the French-German conglomerate KNDS, has opened a branch in Ukraine, as announced by the defense ministers of France and Germany in March. KNDS Ukraine...

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