Tech

Tuesday, May 13

The EU and Ukraine have established a new working group to enhance defense cooperation.

The EU and Ukraine have established a new working group to enhance defense cooperation. Deputy Secretary-General of the EU External Action Service Charles Fries stated that this initiative aims to develop practical solutions for defense-industrial collaboration. He emphasized that the EU...

Global VC investment breaks records thanks to AI.

Global VC investment breaks records thanks to AI. In the first quarter of the year, global venture capital investment reached $126.3B, the highest in 11 quarters, according to the KPMG Q1’25 Venture Pulse Report. The main driver is artificial i...

Ukrainian startups can secure significant investment, with a focus on available funding avenues.

Ukrainian startups can secure significant investment, with a focus on available funding avenues. The European Innovation Council (EIC) is a central initiative within the Horizon Europe framework established by the European Commission, designed to identify, develop, and scale innovative technologi...

Friday, May 9

Defense experts outline possible conditions for the export of Ukrainian defense industry products.

Defense experts outline possible conditions for the export of Ukrainian defense industry products. Ihor Fomenko, the General Director of the Defense Division of the Federation of Employers of Ukraine, stated that several options for exporting Ukrainian defense products are currently being considere...

Defense IT company TEKEVER, with offices in Ukraine, became a unicorn after attracting $500M.

Defense IT company TEKEVER, with offices in Ukraine, became a unicorn after attracting $500M. Portuguese IT startup TEKEVER, specializing in developing AI-equipped reconnaissance drones, raised approximately $500M in investment, boosting its valuation to $1.25B. Investors fully supported this ...

Wednesday, May 7

The Cabinet of Ministers is preparing to allow the export of defense products in May: What are the scenarios that are being envisioned for manufacturers?

The Cabinet of Ministers is preparing to allow the export of defense products in May: What are the scenarios that are being envisioned for manufacturers? The Ukrainian government may permit the export of defense products as early as May, and work on this has been ongoing for several months. Government sources say that the president has already approved...

A German drone manufacturer with assets in Ukraine raises €160M and becomes a unicorn.

A German drone manufacturer with assets in Ukraine raises €160M and becomes a unicorn. Autonomous UAV manufacturer Quantum Systems from Germany has secured €160M in Series C funding, led by the British venture capital firm Balderton Capital. The funds will be used for researching and de...

Monday, May 5

Ukrainian DroneUA aims to capture up to 5% of the American agricultural drone market.

Ukrainian DroneUA aims to capture up to 5% of the American agricultural drone market. According to Valery Yakovenko, co-founder of the drone systems company DroneUA, the first year of operation in the American market generated $15M in turnover for the company. After launching productio...

Wednesday, April 30

The Armed Forces of Ukraine are more than tripling the number of its remotely operated troops.

The Armed Forces of Ukraine are more than tripling the number of its remotely operated troops. Anticipating further issues with US military assistance, the Ukrainian Army is significantly expanding their unmanned systems and drone usage to compensate for the lack of heavier weaponry. Announced ...

Monday, April 28

The Ukrainian IT market is currently facing the toughest set of challenges it has seen in recent years.

The Ukrainian IT market is currently facing the toughest set of challenges it has seen in recent years. In January 2025, exports of IT services dropped to $489M, down $19M compared to the same period in 2024. This marks the worst start to a year since the onset of the full-scale war. While the Ukrainian...

Friday, April 25

Brave1 demonstrates the state’s support for defense technology.

Brave1 demonstrates the state’s support for defense technology. Over the past two years of the Brave1 technology cluster’s operation, more than 1,500 developers have joined, and have registered over 3,500 technological solutions according to Brave1 COO, Nata...

Wednesday, April 23

Europe will boost its investment in the Ukrainian defense industry rather than provide direct arms supplies.

Europe will boost its investment in the Ukrainian defense industry rather than provide direct arms supplies. The European military assistance program for Ukraine aims to increase investment in Ukraine’s domestic weapons production. Currently, more countries are exploring the option of investing in the ...

Tuesday, April 22

Private investment in Ukrainian defense technologies soared by 900% in one year but there is still not enough capital.

Private investment in Ukrainian defense technologies soared by 900% in one year but there is still not enough capital. According to the Ukrainian Council of Gunsmiths, this sector experienced remarkable growth in 2024, surging by 900% compared to 2023, with estimates ranging from $35M to $50M. This demonstrates that U...

Wednesday, April 16

Ukrainian startup seeks $5M to establish the first factory for ecological battery production.

Ukrainian startup seeks $5M to establish the first factory for ecological battery production. SorbiForce, a Ukrainian startup, has developed a technology for producing ecological batteries with a lifespan of up to 6,000 cycles (approximately 30 years). Outside of agricultural waste, the Arizon...

Tuesday, April 15

Ukraine has emerged as the world’s leading producer of FPV drones, manufacturing over 2.2 million UAVs annually, with the domestic defense industry capable of producing up to 10 million units.

Ukraine has emerged as the world’s leading producer of FPV drones, manufacturing over 2.2 million UAVs annually, with the domestic defense industry capable of producing up to 10 million units. During the Ukrainian Weapons 2024 briefing, Defense Ministry officials reported on the defense-industrial base’s rapid expansion in order to meet modern warfare’s demands. The CEO of Tenco...

Monday, April 14

The Ukrainian defense industry has ramped up cruise missile production by 700%.

The Ukrainian defense industry has ramped up cruise missile production by 700%. According to Herman Smetanin, Ukraine’s minister of strategic industries, last year Ukraine was able to produce only one cruise missile – the Neptune. However, last year the state launched many ...

Friday, April 4

Czech CSG increased its sales by 614% because of the war in Ukraine.

Czech CSG increased its sales by 614% because of the war in Ukraine. Czechoslovak Group AS (CSG) increased its profit by 200% in 2024, driven by greater supplies to Ukraine and NATO countries. Since the onset of the full-scale Russian invasion of Ukraine, the Czech com...

Thursday, April 3

The US wants the EU to continue purchasing American weapons and plans to simplify export processes.

The US wants the EU to continue purchasing American weapons and plans to simplify export processes. The US has expressed its desire for Europe to continue acquiring American military equipment following the EU’s restrictions on American manufacturers from participating in arms tenders. Specifi...

Monday, March 31

Ukraine plans to produce 30,000 long-range drones in 2025, with support from European partners through investment.

Ukraine plans to produce 30,000 long-range drones in 2025, with support from European partners through investment. Oleksandr Kamyshin, Advisor to the President of Ukraine on Strategic Issues, stated that the country has significantly increased its production of long-range UAVs and aims to manufacture 30,000 in 202...

Wednesday, March 26

Most Ukrainian defense industry manufacturers are considering moving their operations abroad. Why?

Most Ukrainian defense industry manufacturers are considering moving their operations abroad. Why? As of February, 85% of private manufacturers of weapons and military equipment (WME) are planning to relocate or have already done so, according to 34 private companies in the defense sector. The top ...

Friday, March 21

Europe, along with Ukraine, is ramping up the production of 155-mm ammunition.

Europe, along with Ukraine, is ramping up the production of 155-mm ammunition. French defense plant Les Forges de Tarbes, which was on the brink of closure in 2021, is now running at full capacity, fulfilling orders for 155-mm artillery shells. The priority is to support Ukraine...

Wednesday, March 19

European defense giants urge the EC to promote the continent’s technological independence from the US.

European defense giants urge the EC to promote the continent’s technological independence from the US. Around 100 European companies and lobby groups, including defense giants Airbus and Dassault, issued a joint letter calling on the European Commission to take measures to stimulate the development of ...

Ukrainian gunsmiths increased their production by more than 200% in 2024, and will continue to grow this year.

Ukrainian gunsmiths increased their production by more than 200% in 2024, and will continue to grow this year. In 2024, total arms production volume in Ukraine amounted to $10B, which is 200% more than in 2023 and 900% more than in 2022. However, Ukrainian manufacturers are only operating at 30-40% of their ca...

Thursday, March 13

An Estonian arms company with production in Ukraine raises €4M, while Swedish Saab AB locates a Ukrainian partner.

An Estonian arms company with production in Ukraine raises €4M, while Swedish Saab AB locates a Ukrainian partner. The Estonian defense firm Frankenburg Technologies secured €4M in investment to develop anti-aircraft missiles. The company’s market value has surged by nearly 200% and now stands at €150M. The ...

US startups are collaborating with Ukrainian manufacturers to develop superior drones for the Pentagon.

US startups are collaborating with Ukrainian manufacturers to develop superior drones for the Pentagon. US defense startups have partnered with Ukrainian manufacturers to produce better, war-tested drones for the US military. The Americans have invested billions of dollars in venture capital to develop ...

Wednesday, March 5

Ukrainian IT exports in January dropped to their lowest level since the onset of the full-scale invasion.

Ukrainian IT exports in January dropped to their lowest level since the onset of the full-scale invasion. According to the National Bank, in January 2025 IT export volume fell by 20.7%, totaling $489M. This represented a loss of $128M for the Ukrainian economy compared to December of last year. Furthermor...

Tuesday, February 18

Double Tap Investments has invested up to $300,000 in Ukrainian drone developer Black Forest Systems.

Double Tap Investments has invested up to $300,000 in Ukrainian drone developer Black Forest Systems. The Finnish-Ukrainian investment company has chosen to support the Ukrainian drone startup Black Forest Systems. The specific investment amount remains undisclosed, with the typical DTI check ranging ...

Monday, February 17

German gunsmiths and the Ukrainian defense industry: Multiple German companies are planning to increase their investment in Ukraine-based production capacities.

German gunsmiths and the Ukrainian defense industry: Multiple German companies are planning to increase their investment in Ukraine-based production capacities. Rheinmetall CEO Armin Papperger gave his assurance that he will not abandon plans to invest in Ukraine, even if the war ends this year, and will build a total of three factories. The first Rheinmetall...

Ukraine received 1.6 million rounds of ammunition through the Czech initiative, and Ukroboronprom is broadening its list of European partners.

Ukraine received 1.6 million rounds of ammunition through the Czech initiative, and Ukroboronprom is broadening its list of European partners. The Czech Republic will continue its initiative to supply Ukraine with artillery ammunition, through which Kyiv has already received 1.6 million shells. This initiative is funded at least until April,...

Tuesday, February 11

Using drones helps Ukraine to restrain the Russian offensive despite its shortage of military personnel.

Using drones helps Ukraine to restrain the Russian offensive despite its shortage of military personnel. In some areas along the front, the number of Russian troops exceeds those of the Ukrainian military tenfold, but the Russians cannot advance quickly because the Ukrainian defenders in these regions co...

Monday, February 10

Ukraine is preparing to deploy laser weapons against Russian UAVs and has significantly reduced Ukraine’s artillery disadvantage.

Ukraine is preparing to deploy laser weapons against Russian UAVs and has significantly reduced Ukraine’s artillery disadvantage. Ukrainian mobile fire groups will soon be equipped with laser weapons to counter Russian Shahed UAVs, said Vadym Sukharevsky, Commander of the Ukrainian Armed Forces’ Unmanned Systems Forces. Ac...

Tech4Good Global Challenge #1: Energy for Ukraine.

Tech4Good Global Challenge #1: Energy for Ukraine. In late 2024, Tech4Good Global Challenge #1: Energy for Ukraine, a private initiative led by independent experts in tech, energy, and public sectors, launched a global search for innovative energy sol...

Friday, February 7

Without sufficient government orders, private Ukrainian arms manufacturers operated at only 37% of capacity last year, while the Danish model works perfectly.

Without sufficient government orders, private Ukrainian arms manufacturers operated at only 37% of capacity last year, while the Danish model works perfectly. Last year, private arms manufacturers could have produced another 1.7 million drones and electronic warfare systems but lacked government contracts. These enterprises possess the ability to produce 4,...

Tuesday, February 4

Ukraine has made a significant advancement in the digitalization of international trade: How will exports be impacted?

Ukraine has made a significant advancement in the digitalization of international trade: How will exports be impacted? Ukraine has officially joined the international ePhyto Solution system (Electronic Phytosanitary Certificate System), enabling the exchange of electronic phytosanitary certificates with 124 countries ...

Thursday, January 30

The US will send missiles for the Patriot system from Israel to Ukraine, and the Ministry of Defense has begun production of licensed FPV drones.

The US will send missiles for the Patriot system from Israel to Ukraine, and the Ministry of Defense has begun production of licensed FPV drones. The US plans to transfer dozens of missiles for the Patriot air defense systems from Israel to Ukraine. This week, US aircraft transported about 90 interceptor missiles from Israel to Poland, from whi...

Ukrainian graphite is being tested for use in lithium-ion batteries.

Ukrainian graphite is being tested for use in lithium-ion batteries. BGV Group has completed laboratory and semi-industrial tests on the additional purification of graphite to battery quality, 99.99% purity, and the subsequent production of spherical graphite (SPG). Th...

Tuesday, January 28

The Ukrainian defense industry attracted $1.5B in 2024, 33% of which was provided through the Danish model.

The Ukrainian defense industry attracted $1.5B in 2024, 33% of which was provided through the Danish model. The ZBROYARI Manufacturing Freedom initiative attracted more than $1.5B to the Ukrainian defense industry in 2024. Most of these funds fell in the last quarter of the year, the Ministry of Strategic I...

Monday, January 27

Ukraine’s largest mobile operator plans to buy the Uklon taxi service and aims to become the biggest domestic IT investor.

Ukraine’s largest mobile operator plans to buy the Uklon taxi service and aims to become the biggest domestic IT investor. Ukraine’s largest mobile operator, Kyivstar, is discussing the possibility of acquiring Uklon, which has developed an online platform for ordering transportation and delivery. The price to purch...

Friday, January 24

Two Ukrainian defense startups in the fields of robotics and communications have attracted scaling investments.

Two Ukrainian defense startups in the fields of robotics and communications have attracted scaling investments. The Nezlamni Fund, created by the co-founders of Uklon, has invested in developing Frontline, which develops and produces robotic systems. The investment amount was not disclosed, but it is within the...

Thursday, January 23

While Ukraine seeks €18B in defense investment, the allies plan to discuss its security guarantees.

While Ukraine seeks €18B in defense investment, the allies plan to discuss its security guarantees. In 2025, the Ukrainian defense industry’s production potential could reach €34B, Defense Minister Rustem Umerov said at the annual conference of the European Defense Agency. He noted that this r...

Wednesday, January 22

The manufacturer of Leopard tanks and other weapons has formed a joint venture with a Ukrainian company.

The manufacturer of Leopard tanks and other weapons has formed a joint venture with a Ukrainian company. Minister for Strategic Industries Herman Smetanin announced the official opening of a joint venture between KMW (KNDS Deutschland) and a Ukrainian defense enterprise. The newly created company will sp...

Tuesday, January 21

Ukraine has learned to intercept a new Russian Shahed model and is creating a missile to counter the Oreshnik.

Ukraine has learned to intercept a new Russian Shahed model and is creating a missile to counter the Oreshnik. Ukrainian air defense systems recently intercepted a new type of Shahed drone marked with a “Ъ.” Russia is believed to have introduced its fourth series of Iranian-designed drones and achi...

Monday, January 20

The US secretly invested $1.5B in the production of Ukrainian drones.

The US secretly invested $1.5B in the production of Ukrainian drones. The US secretly allocated $1.5B in the Ukrainian drone industry’s development. The Biden administration declassified this data as part of the publication of documents detailing military aid to U...

EU countries plan to increase defense spending; Germany is confident that US aid to Ukraine will not decrease.

EU countries plan to increase defense spending; Germany is confident that US aid to Ukraine will not decrease. German Defense Minister Boris Pistorius has called for an increase in defense spending by at least €30B. “After the special fund is exhausted, we will need at least €85B from 2028,” he sai...

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...

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