Tech

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...

Ukraine is considering the construction of a gunpowder plant and growing raw production materials.

Ukraine is considering the construction of a gunpowder plant and growing raw production materials. According to the director of Ukrainian Armored Vehicles, Vladyslav Belbas, the manufacturer received only one proposal from a Western company in three years, which was to build a €20M plant to process...

Tuesday, September 24

Umerov presents the Ukrainian defense industry’s achievements: drones, missiles, and ammunition.

Umerov presents the Ukrainian defense industry’s achievements: drones, missiles, and ammunition. Over the past year, more than $4B of Ukrainian arms were produced, and every second piece of ammunition on the front is Ukrainian made. In 2023, the Ukrainian share of ammunition was 18%, and in 2024,...

Ukraine’s electronic communications sector increased its revenue and investment by 11%.

Ukraine’s electronic communications sector increased its revenue and investment by 11%. In the first half of the year, revenue from electronic communications operators in Ukraine increased by 11%, reaching ₴52.4B. The main components of this growth were mobile communication services, whi...

A Ukrainian fund joins a €11M financing round for the French developer of a freelancer platform.

A Ukrainian fund joins a €11M financing round for the French developer of a freelancer platform. French startup Jump attracted €11M of investment in a Series A round. Among the investors is the Ukrainian venture fund Roosh Ventures. Pan-European fund Breega led the round, and Index Ventures, RAIS...

Friday, September 20

Russia produces more than 130 long-range missiles and 500 drones per month. Despite Moscow’s protests, Ukraine has been receiving ammunition from India for over a year.

Russia produces more than 130 long-range missiles and 500 drones per month. Despite Moscow’s protests, Ukraine has been receiving ammunition from India for over a year. According to Ukrainian intelligence, the aggressor produces 132-171 long-range missiles per month. This is about the same as used for the record shelling on August 26. The production rate of Shahed-13...

Thursday, September 19

Ukrainian UAV manufacturers will be able to increase their production and sales, now able to participate in Drone Coalition tenders.

Ukrainian UAV manufacturers will be able to increase their production and sales, now able to participate in Drone Coalition tenders. For the first time, Ukrainian manufacturers of unmanned technologies will be able to participate in Drone Coalition tenders within the framework of the Contact Group on Defense of Ukraine (Ramstein fo...

Wednesday, September 18

Why are Ukrainian gunsmiths considering transferring their production facilities abroad?

Why are Ukrainian gunsmiths considering transferring their production facilities abroad? According to Tech Force of Ukraine, 85% of Ukrainian arms manufacturers are considering relocating abroad or had already done so. Among weapons and military equipment manufacturers, 73% do not see any...

Tuesday, September 17

A Ukrainian military tech start-up that uses AI to automate drone attacks has attracted $2.7M from US funds.

A Ukrainian military tech start-up that uses AI to automate drone attacks has attracted $2.7M from US funds. Ukrainian start-up Swarmer, which uses AI technology called Styx that controls drones in a swarm, has attracted $2.7M in investments from R-G.AI, Radius Capital Ventures, Green Flag Ventures, and D3 V...

Friday, September 13

Two AI startups from Ukraine have attracted more than $3.2M from investors.

Two AI startups from Ukraine have attracted more than $3.2M from investors. Ukrainian AI platform Mantis Analytics received $240,000 from the Nezlamni fund. This will be used to accelerate development and launch the platform in the US market, which is a critical strategic pri...

Thursday, September 12

Which Ukrainian defense tech niches are most attractive for investors?

Which Ukrainian defense tech niches are most attractive for investors? At the end of 2023, the Ukrainian defense industry was estimated at $3B. In 2024, this figure may increase to more than $5B; a notable part of this total is the defense tech segment. Domestic manufact...

Tuesday, September 10

Ukraine is developing its own weapons to strike targets located in the Russian Federation.

Ukraine is developing its own weapons to strike targets located in the Russian Federation. One innovation is a newly tested GPS-guided bomb that is very similar to the French AASM Hammer. The Ukrainian high-precision glide bomb can cover a distance of up to 64 km. If Ukraine can establish l...

Ukraine is building underground factories to produce weapons and developing cheap means of combating drones.

Ukraine is building underground factories to produce weapons and developing cheap means of combating drones. President Zelenskyy said that Ukraine is creating underground weapon production plants that will be able to provide the Armed Forces in the event of a delay in military aid from Western partners. At t...

Friday, September 6

Ukraine has issued a purchase tender for 10,000 FPV drones with artificial intelligence and has ordered Himera communication systems for the military.

Ukraine has issued a purchase tender for 10,000 FPV drones with artificial intelligence and has ordered Himera communication systems for the military. Minister of Digital Transformation Mykhailo Fedorov announced that Ukraine has announced a tender on the Prozzoro platform to purchase the first 10,000 FPV drones equipped with artificial intelligence...

Thursday, September 5

Green Flag Ventures invests in a Ukrainian manufacturer of tactical military communication systems.

Green Flag Ventures invests in a Ukrainian manufacturer of tactical military communication systems. The American investment fund Green Flag Ventures has invested in Himera, a manufacturer of military radios that are being actively used in combat conditions, providing communication in the most comple...

Wednesday, September 4

American investors made the first investments of $200,000 in several Ukrainian defense startups.

American investors made the first investments of $200,000 in several Ukrainian defense startups. A defense startup accelerator launched by MITS and American University Kyiv has completed its first program for Ukrainian mil-tech startups, providing participants $200,000 each. The direct investment...

Tuesday, September 3

The war in Ukraine has prompted European funds to increase their investments in defense companies by more than 100%.

The war in Ukraine has prompted European funds to increase their investments in defense companies by more than 100%. Since the Russian invasion of Ukraine, European sustainable development funds’ investments in defense companies have increased by more than 100%, which relates to political demands to strengthen the d...

How do grants help the Ukrainian military tech industry to grow?

How do grants help the Ukrainian military tech industry to grow? The SkyLab UA company used a Brave1 defense technology cluster grant to implement airless wheels in the Sirko-S1 ground multifunctional robotic complex. The complex can be used for reconnaissance, eva...

Thursday, August 29

The newest Ukrainian military innovation, the Palyanytsia, costs less than $1M, and expansion of production is planned.

The newest Ukrainian military innovation, the Palyanytsia, costs less than $1M, and expansion of production is planned. Ukraine has developed a new long-range weapon that will allow it to strike deep into Russia without asking for permission from allies – its own rocket-drone hybrid, Palyanytsia. On Independence Day, P...

Tuesday, August 27

Ukraine acquires global defense tech hub status; more than 100 investment partners from 30 countries are interested in domestic developments.

Ukraine acquires global defense tech hub status; more than 100 investment partners from 30 countries are interested in domestic developments. Minister of Digital Transformation of Ukraine Mykhailo Fedorov said that Ukraine’s partners admire the expertise of Ukrainian developers and the fact that Ukrainian solutions demonstrate their e...

Thursday, August 22

VC investments in Europe are focused on AI and clean technologies, and Ukraine invests in security innovation.

VC investments in Europe are focused on AI and clean technologies, and Ukraine invests in security innovation. In the second quarter, venture capital investment in Europe showed significant growth, reaching $17.8B, which significantly exceeded the first quarter’s figure – $13.9B. Artificial intelligence ...

An American venture capital fund invests in a Ukrainian developer of anti-drone systems.

An American venture capital fund invests in a Ukrainian developer of anti-drone systems. The Green Flag Ventures Capital Fund of American entrepreneur Justin Zeefe and his business partner Deborah Fairlamb, which specializes in investing in Ukrainian defense startups, announced an investm...

Friday, August 16

A Ukrainian manufacturer of electronic warfare technology has invested $500,000 in a unique anti-drone technology with AI.

A Ukrainian manufacturer of electronic warfare technology has invested $500,000 in a unique anti-drone technology with AI. Since early 2024, the Kvertus company has been developing EW systems that will operate noiselessly and will be able to plant AI-enhanced drones. Currently, Russian drones with machine vision are not ...

Ukrainian IT export volumes fell by 5% in six months.

Ukrainian IT export volumes fell by 5% in six months. This is a difference of $170M compared to the first half of last year. Experts predict that the decline will continue even under an optimistic scenario, according to industry experts. “The trend...

Wednesday, August 14

The EBRD invests $5M in a tree health monitoring company to open a subsidiary in Ukraine.

The EBRD invests $5M in a tree health monitoring company to open a subsidiary in Ukraine. The EBRD invested $5M in shares of Israeli company SeeTree, which specializes in developing software for monitoring the health and productivity of trees. The investment is aimed at creating a subsidia...

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