Tech

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...

Tuesday, August 13

The implementation of an investment project in Ukraine to develop hydrogen energy involves attracting about €33B in investment capital.

The implementation of an investment project in Ukraine to develop hydrogen energy involves attracting about €33B in investment capital. Scientists presented research on the development of investment projects in Ukraine: To achieve the goals of the Development of hydrogen energy in Ukraine project, a total investment of €32.882B will b...

Ukraine is working on the possibility of weapons exportation.

Ukraine is working on the possibility of weapons exportation. Ukraine has created a working group that will deal with the development of a mechanism for exporting military equipment from domestic factories. Technological Forces of Ukraine, a MilTech association,...

Friday, August 9

What is required for US defense companies to operate in Ukraine?

What is required for US defense companies to operate in Ukraine? Several US defense companies are considering starting joint production with Ukrainian enterprises inside Ukraine. The Pentagon is actively encouraging US defense contractors to engage in this cooperat...

The US and Australia condemn the Russian war against Ukraine and agree to increase weapons production.

The US and Australia condemn the Russian war against Ukraine and agree to increase weapons production. In the final statement regarding the results of ministerial consultations, the countries call on the Russian Federation to “immediately, completely and unconditionally” withdraw its troops...

A Ukrainian military tech startup producing smart battlefield surveillance cameras has received a $25,000 grant from Brave1 and plans to scale up.

A Ukrainian military tech startup producing smart battlefield surveillance cameras has received a $25,000 grant from Brave1 and plans to scale up. As reported by the Rcam startup team, the $25,000 in funding from Brave1 will allow the developers to complete the research phase and move to mass production of their camera. The launch of bulk manufa...

Monday, August 5

Ukraine is discussing a security agreement with Ireland, and Romania plans to join the development of the Ukrainian Neptune missile.

Ukraine is discussing a security agreement with Ireland, and Romania plans to join the development of the Ukrainian Neptune missile. Representatives from Ukraine and Ireland held negotiations to conclude a bilateral security agreement and develop bilateral cooperation. Ukraine has already signed 25 such bilateral documents, as well...

Friday, August 2

Investors are increasingly investing in Ukrainian military tech projects.

Investors are increasingly investing in Ukrainian military tech projects. In 2023, the venture fund D3, with tech billionaire Eric Schmidt, was virtually the only investor in the Ukrainian defense industry. But this year, Ukrainian military tech has received a lot of attent...

Thursday, August 1

Ukraine can produce three million UAVs per year, and Brave1 will focus on supporting the missile program.

Ukraine can produce three million UAVs per year, and Brave1 will focus on supporting the missile program. Ukraine has sufficient production capacity to make more than three million drones every year if sufficient funding is in place, Deputy Minister of Industry Anna Gvozdyar said at the Precision Brave1 h...

Tuesday, July 30

A Ukrainian company has invested $3.5M in the production of UAVs in Slovakia.

A Ukrainian company has invested $3.5M in the production of UAVs in Slovakia. Oleksandr Stepura, the founder of Skyeton, which manufactures ACS-3 (Raybird-3) reconnaissance systems, said that Raybird drones began to be manufactured in Slovakia this spring. The Raybird has been ...

Ukraine will launch a feedback platform for government services.

Ukraine will launch a feedback platform for government services. The Ministry of Economy announced the launch of beta testing for Pulse, an online platform designed to collect feedback from businesses and interact with the state. It is noted that the platform’...

Thursday, July 25

Rheinmetall receives an order from Ukraine to construct an ammunition production plant.

Rheinmetall receives an order from Ukraine to construct an ammunition production plant. The German defense concern Rheinmetall has received an order from the Ukrainian government to construct an ammunition factory, previously announced in February. The exact value of the deal is not spec...

Wednesday, July 24

Boeing and Antonov signed a preliminary agreement to cooperate in the production of drones.

Boeing and Antonov signed a preliminary agreement to cooperate in the production of drones. The American Boeing Corporation and the Ukrainian company, Antonov, signed a preliminary joint work agreement for the production of unmanned systems to support Ukraine’s defense industry. The me...

Monday, July 22

A Turkish company built a ₴400M plant for energy equipment production in the Kyiv region.

A Turkish company built a ₴400M plant for energy equipment production in the Kyiv region. In Bilogorodka, Kyiv region, the construction of the Dalgakiran Compressor Ukraine plant of the Turkish energy company Dalgakiran was completed. The total amount of investment is approximately ₴400M (...

Tuesday, July 16

A legal services AI startup with a Ukrainian co-founder has raised $5M.

A legal services AI startup with a Ukrainian co-founder has raised $5M. The Edinburgh-headquartered startup Wordsmith, which is developing a legal assistant that utilizes artificial intelligence, raised $5M. Index Ventures led the seed round with the participation of Gene...

Friday, July 12

Ukrainian companies are developing the newest Turkish fighter jet.

Ukrainian companies are developing the newest Turkish fighter jet. Ukrainian companies are participating in developing the KAAN, Turkey’s fifth-generation fighter jet, Ukrainian Ambassador to Turkey Vasyl Bodnar said. As he specified, Ukrainian companies have j...

A Ukrainian AI-based SaaS startup has secured Lifecell, Nova Poshta, banks, and retail outlets as clients.

A Ukrainian AI-based SaaS startup has secured Lifecell, Nova Poshta, banks, and retail outlets as clients. Ukrainian startups are developing the Getpin online marketing SaaS tool based on AI, which strengthens businesses with physical points of sale in the online space. The startup’s first client in ...

Thursday, July 11

Ukraine’s defense industry is moving from receiving Western aid to joint production.

Ukraine’s defense industry is moving from receiving Western aid to joint production. The Minister of Strategic Industry of Ukraine noted that the path of the Ukrainian defense industry, in general, is integration with Western partners into their production ecosystem. Ukraine is develo...

Tuesday, July 9

The EU severely overestimated its ability to produce 155-mm projectiles for Ukraine.

The EU severely overestimated its ability to produce 155-mm projectiles for Ukraine. A study shows that as of June, the EU has provided Ukraine with 50% fewer shells than promised, and those have seen significant delays. In the spring of this year, the European Commission announced th...

Friday, July 5

A group of high-tech energy companies have suspended their investment in a new plant in Ukraine and plans to transfer production to Czechia: Why?

A group of high-tech energy companies have suspended their investment in a new plant in Ukraine and plans to transfer production to Czechia: Why? At the beginning of this year, the EDS Ukraine group, under the leadership of Oleksandr Zapyshny, planned large-scale investments in the production of transformers and chargers for high-power electric...

Thursday, July 4

The Czech Republic launches the production of drones for Ukraine.

The Czech Republic launches the production of drones for Ukraine. The Czech-Ukrainian company, UAC, near Kolin, began producing military drones exclusively for the Ukrainian army. The company plans to make hundreds of surveillance and attack drones every year. The m...

Monday, July 1

Germany exports 65% of its weapons to Ukraine; German combat vehicles are already being restored in our country.

Germany exports 65% of its weapons to Ukraine; German combat vehicles are already being restored in our country. According to the German Ministry of Economy, since the beginning of the year the government has approved the supply of at least €7.48B in military goods abroad. Weapons account for €5.52B, with €1.96B...

IT exports in May exceeded the April figure by $15M.

IT exports in May exceeded the April figure by $15M. In May, IT exports from Ukraine amounted to $560M, which is $15M more than in April 2024. At the same time, in May 2023 this indicator was one of the highest for the entire year, with $590M. In additi...

Friday, June 28

Ukraine has increased the production of weapons and wants its partners to buy them from domestic manufacturers.

Ukraine has increased the production of weapons and wants its partners to buy them from domestic manufacturers. According to the State Statistics Service, in January-March, the production of weapons in Ukraine increased by an average of 25.4% compared to the same period last year. Thus, in January, Ukraine prod...

Thursday, June 27

IT company Creatio becomes the sixth unicorn from Ukraine as the company raises another $200M.

IT company Creatio becomes the sixth unicorn from Ukraine as the company raises another $200M. The Creatio company, which develops no-code platforms for automating business processes and CRM systems, raised $200 million at a valuation of $1.2B. This made Creatio the sixth Ukrainian unicorn afte...

Tuesday, June 25

Ukrainian drones are mining the waters near Crimea, and Britain is testing anti-drone weapons for $0.12.

Ukrainian drones are mining the waters near Crimea, and Britain is testing anti-drone weapons for $0.12. Ukrainian Sea Baby maritime drones are equipped with new technology to mine the waters. So far, Ukrainian drones have laid about 15 underwater mines in the waters near temporarily occupied Crimea. To ...

Wednesday, June 19

Rheinmetall wants to produce a hybrid tank and anti-aircraft defense in Ukraine to increase the air defense effectiveness for ground forces.

Rheinmetall wants to produce a hybrid tank and anti-aircraft defense in Ukraine to increase the air defense effectiveness for ground forces. According to Bild, Rheinmetall has integrated a 35mm Skyranger short range air defense turret onto a Leopard tank chassis, rather than the original Skynex mobile, modular anti-aircraft artillery syste...

The EBRD will finance 50% of the merger between Ukrainian telecom operators.

The EBRD will finance 50% of the merger between Ukrainian telecom operators. The EBRD will provide $217.5M, half of the $435M allocated jointly with the IFC, to finance the creation of a combined company, Datagroup-Volya and Lifecell, following the completion of the purchase a...

Angel One Fund invests from $50,000 to $300,000 in six Ukrainian startups.

Angel One Fund invests from $50,000 to $300,000 in six Ukrainian startups. The angel venture fund Angel One has invested in six Ukrainian defense-tech and dual-use tech startups within the framework of syndicated agreements over the last six months. The average investment ch...

Monday, June 10

The newly created Finnish-Ukrainian venture fund, Double Tap, will invest in Ukrainian defense startups.

The newly created Finnish-Ukrainian venture fund, Double Tap, will invest in Ukrainian defense startups. The Finnish-Ukrainian investment company Double Tap Investments announced a decision to invest in Ukrainian defense technology startups. Double Tap Investments is an investment company based in Finlan...

Friday, June 7

The Ukrainian leader in biogas energy generation is unable to restore operations at three TPPs using biomass.

The Ukrainian leader in biogas energy generation is unable to restore operations at three TPPs using biomass. The Clear Energy group of companies, which is engaged in the construction and operation of bio-thermal power plants, wind turbines, and thermal power plants, never managed to put its biomass thermal p...

Thursday, June 6

Russia produces 200-300% more shells than the West combined, and for 75% less.

Russia produces 200-300% more shells than the West combined, and for 75% less. Russia has increased its military production faster than NATO expected, and the countries of the Alliance have taken longer to increase their production than they should have, as stated by NATO Secret...

A Canadian manufacturer of armored vehicles is investing tens of millions of dollars in a new Ukrainian enterprise.

A Canadian manufacturer of armored vehicles is investing tens of millions of dollars in a new Ukrainian enterprise. According to Roman Shimonov, CEO of the Canadian Roshel company, the decision to open a company in Ukraine has already been made. The company expects to invest “tens of millions of dollars”...

Cisco has launched a $1B fund for investment in AI.

Cisco has launched a $1B fund for investment in AI. Cisco, which has a representative office in Ukraine, has launched a $1B fund for investment artificial intelligence startups. Through its investment arm, the company has invested in Cohere, Mistral AI...

Tuesday, June 4

Businesses are being offered grants for innovative production and to move their operations to safer regions.

Businesses are being offered grants for innovative production and to move their operations to safer regions. EIT Manufacturing Accelerate is a program that helps scale and accelerate the transformation of industrial start-ups into influential players in the European manufacturing ecosystem. The program suppo...

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