Tech

Tuesday, August 1

Releaf Paper startup plans to raise €8M to construct new factories.

Releaf Paper startup plans to raise €8M to construct new factories. The Ukrainian start-up Releaf Paper, which produces paper and containers from fallen leaves, plans to attract an additional €4M in investment, and already has €4M in guaranteed funds from the European...

Ukraine’s IT service exports decreased by 9.3% in the year’s first half.

Ukraine’s IT service exports decreased by 9.3% in the year’s first half. In January-June this year, the IT Ukraine Association reported that the export of IT services from Ukraine amounted to $3.38B, which is 9.3% less compared to the same period last year. “We hoped...

Monday, July 31

Ukraine is way ahead of Germany in digitization.

Ukraine is way ahead of Germany in digitization. “Ukraine is economically competitive and has a good prospect of becoming a member of the European Union”, said the president of the EIB, Werner Hoyer. According to him, “In the field...

Thursday, July 27

The war has transformed Ukraine from a farming country to a defense tech nation.

The war has transformed Ukraine from a farming country to a defense tech nation. Ukraine, known for agriculture and other heavy industry, is not an obvious setting for drone innovation. The necessities of war, however, have turned the country into a kind of super lab of invention,...

The government has allocated UAH 40B for investment in drone production.

The government has allocated UAH 40B for investment in drone production. This year, the Cabinet of Ministers supplied UAH 40B for the production of Ukrainian drones, said Prime Minister Denys Shmyhal during a forum dedicated to the anniversary of the Army of Drones project...

Tuesday, July 25

China secretly sold drones to Russia for over $100M.

China secretly sold drones to Russia for over $100M. According to Politico, China, despite its calls for peace, has actively increased trade in dual-purpose goods with Russia over the past year, helping Moscow, among other things, import sanctioned West...

Friday, July 21

Every year the number of IT companies in Ukraine grows by 10%.

Every year the number of IT companies in Ukraine grows by 10%. At the time of the full-scale invasion, there were about 4,500 IT companies in Ukraine. According to Kharkiv IT Research 2021, about 10% of IT companies close every year. But new companies are opening...

Thursday, July 20

Adsme, a Ukrainian start-up in artificial intelligence, has attracted angel pre-seed funding.

Adsme, a Ukrainian start-up in artificial intelligence, has attracted angel pre-seed funding. 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 i...

Ukrainian company Preply has attracted another $70M in investment for AI project.

Ukrainian company Preply has attracted another $70M in investment for AI project. Ukrainian-founded EdTech company Preply has raised $70M in equity and loan capital. The main investor in the new financing round is Horizon Capital, which specializes in investments in equity capital....

Tuesday, July 18

With EU support, Ukrainian civil society launches a new project to monitor spending on recovery projects.

With EU support, Ukrainian civil society launches a new project to monitor spending on recovery projects. The Big Recovery Portal online platform will be developed by the non-government organization Technologies of Progress, announced an EU delegation to Ukraine. Analytics will be provided by the Center f...

Thursday, July 13

Ukraine will help the EU develop a digital wallet.

Ukraine will help the EU develop a digital wallet. The Ukrainian Diia digital service team will participate in developing the European digital wallet. According to Ukraine’s Ministry of Digitization, this decision was made during a meeting of t...

A Ukrainian business management startup receives an investment from Google.

A Ukrainian business management startup receives an investment from Google. The startup Workee, which is developing an online business management system for freelancers, has raised $900,000 in funding. According to Forbes, the post-money valuation reaches $9-12M. In a new rou...

Wednesday, July 12

The American Web3 studio with an office in Kyiv attracts $37M investment.

The American Web3 studio with an office in Kyiv attracts $37M investment. Gaming company Mythical Games has attracted $37M as part of the Series C expansion round, according to Vlad Panchenko, founder of Ukrainian DMarket, which became part of Mythical Games. This round was...

Tuesday, July 4

Ukrainians must insert a phone number to replenish their debit cards with cash.

Ukrainians must insert a phone number to replenish their debit cards with cash. Starting August 1, cash deposits through ATM terminals require the payer to enter a mobile phone number. Such norms are stipulated by the resolutions of the board of the National Bank, On Amendments t...

Monday, July 3

In May, the export of Ukrainian IT services increased by 9.5%.

In May, the export of Ukrainian IT services increased by 9.5%. In May, the volume of exported IT services from Ukraine amounted to $590M, 9.5% more than the previous month, according to NBU data. At the same time, these indicators are 1.8%, or $11M, less than in ...

Friday, June 30

Ukrainian AgroTech startup FarmFleet raises $550,000.

Ukrainian AgroTech startup FarmFleet raises $550,000. FarmFleet, a Ukrainian company engaged in the optimization of agribusiness and the development of unmanned aerial vehicle technologies, announced the successful completion of a round of pre-seed finan...

Thursday, June 8

A Ukrainian IT giant buys a developer with offices in the US and Italy.

A Ukrainian IT giant buys a developer with offices in the US and Italy. IT outsourcing company SoftServe has announced the acquisition of Hoverstate, a company specializing in mobile and web development, reported Forbes. Hoverstate is a service company founded in 2008 wit...

Tuesday, June 6

Ukraine has increased the transportation of goods through joint transit convention with the EU.

Ukraine has increased the transportation of goods through joint transit convention with the EU. According to the Ministry of Finance, there were 5,974 total crossings from Ukraine within the eight-month period of operation of the New Computerized Transit System (NCTS). In May 2023, 2,698 Ukraine...

Monday, June 5

The new Toloka investment syndicate plans to invest $250,000 to $1.5M in startups.

The new Toloka investment syndicate plans to invest $250,000 to $1.5M in startups. A syndicate of private investors Igor Shoifot (TMT Investments), Taras Kyrychenko (Nova Poshta), and Oleksandr Kolb (Promodo) have formed a new project. Their project aims to help investors increase t...

Friday, June 2

The Pentagon pays Ukraine’s bill to SpaceX for Starlink usage.

The Pentagon pays Ukraine’s bill to SpaceX for Starlink usage. The Pentagon is buying Starlink satellite communications terminals and services from Elon Musk’s SpaceX for use by the Ukrainian military, the Defense Department said. The terminals will likely ...

Customers from the US consumed 40% of Ukraine’s IT export volume, which is decreasing.

Customers from the US consumed 40% of Ukraine’s IT export volume, which is decreasing. The Lviv IT Cluster has seen the export of IT services decrease in April for the first time in the first four months of the year. In April 2023, the Ukrainian budget received $539M through IT export. ...

Monday, May 29

The Ukrainian IT sector is among the three most powerful in Central and Eastern Europe.

The Ukrainian IT sector is among the three most powerful in Central and Eastern Europe. Despite the war last year, Ukraine’s IT industry grew by 5.8% and, in terms of the increase of IT developers, became the second after Poland in Central and Eastern Europe. About 70% of Ukrainian...

Friday, May 26

Since the beginning of the year, the Ukrainian state budget has received UAH 3.2B from Google tax.

Since the beginning of the year, the Ukrainian state budget has received UAH 3.2B from Google tax. According to the state tax committee, in 2022 Ukraine collected UAH 4.3B in Google tax. In the first quarter alone, companies paid UAH 1.9B in value-added tax on operations to provide electronic servi...

Analysts predict that government spending on IT will grow by 7.6% this year.

Analysts predict that government spending on IT will grow by 7.6% this year. Spending will amount to about $590B, predicts research company Gartner Inc. The company’s survey of IT directors found that 57% of government executives plan to increase funding for application ...

Visa is launching an IT hub in Poland and plans to hire Ukrainians.

Visa is launching an IT hub in Poland and plans to hire Ukrainians. The new IT center projects hiring 1,500 specialists for the major Polish IT hub over the next few years. As ITwiz writes, this is the first such project in Central and Eastern Europe. Visa has decided...

An American software developer will help Ukraine with the defense sector and reconstruction.

An American software developer will help Ukraine with the defense sector and reconstruction. The Ministry of Digital Transformation and Palantir signed a memorandum of collaboration that involves the use of Palantir technologies, particularly in assessing damage to buildings and infrastructur...

Thursday, May 25

Ukraine is preparing to export Diia to 10 countries.

Ukraine is preparing to export Diia to 10 countries. The Ministry of Digital Transformation of Ukraine is negotiating with 10 countries regarding using Ukrainian technology for their government services. So far, Ukraine is considering a partnership with...

Investment in Ukrainian startups has reached a seven-year low.

Investment in Ukrainian startups has reached a seven-year low. During the first year of the war, venture capital investments in Ukrainian startups fell to a seven-year low, Forbes writes. Against a record year of 2021 with $832M in investment, this year’s total a...

The European Central Bank is preparing for a digital euro.

The European Central Bank is preparing for a digital euro. The European Central Bank is preparing a project for a digital version of the euro, responding to pressure from emerging technologies that could change how money is exchanged in the future, reported A...

Friday, May 12

A new defense technology accelerator has been launched in Ukraine.

A new defense technology accelerator has been launched in Ukraine. An accelerator for defense startups, Dare to Defend Democracy (D3), will focus on teams and projects in the early stages, concentrating in Ukraine. The fund’s initial volume was $10M, but it has alrea...

Tuesday, May 9

Ukraine presented the IT sector’s potential at the largest tech conference in Scandinavia.

Ukraine presented the IT sector’s potential at the largest tech conference in Scandinavia. On May 3-4, Sweden held the Nordic countries’ largest technology conference – the Stockholm Tech Show 2023. The event gathered thousands of buyers, investors, developers, and technological innov...

Monday, May 8

The founder of Zakaz.ua attracted $4.6M in the new startup, Instock.

The founder of Zakaz.ua attracted $4.6M in the new startup, Instock. Entrepreneur Yehor Anchyshkin, who previously launched the Ukrainian product delivery service Zakaz.ua, launched a new startup, Instock, reported ain.ua. Instock raised $3M from One Way Ventures, Lux ...

Friday, May 5

Russia could target undersea internet cables as part the war.

Russia could target undersea internet cables as part the war. There is a persistent and significant risk that Russia could target critical allied infrastructure, including undersea internet cables, as part of its war on Ukraine, said David Cattler, NATO’s assist...

Ukrainian startups present products at the largest investment summit, SelectUSA.

Ukrainian startups present products at the largest investment summit, SelectUSA. Ukraine took part in the SelectUSA investment summit for the first time in history. Among the event’s guests are high-ranking officials of the White House, US governors, and representatives of m...

Wednesday, May 3

Ukraine has launched an electronic queue at 16 EU border points.

Ukraine has launched an electronic queue at 16 EU border points. The electronic border crossing system is expanding to 16 crossing points in the western direction for all types of transport, Prime Minister Denys Shmyhal said. Truck drivers can use eCherga from next...

The anti-corruption and economic effect of digitization in Ukraine was estimated at UAH 16.3B.

The anti-corruption and economic effect of digitization in Ukraine was estimated at UAH 16.3B. Based on the results of two years, the potential impact is estimated at UAH 48B, the Ministry of Digitization reported, commenting on signing a memorandum of cooperation with the National Anti-Corrupt...

Ukrainian startup InputSoft attracted a new €250.000 round of investments.

Ukrainian startup InputSoft attracted a new €250.000 round of investments. In 2022, the startup completed the TechStars program and received $120,000 in investment with a $3M valuation. InputSoft is a SaaS platform for optimizing human and technical resources and data analys...

Monday, May 1

Ukrainian Climate tech startup fights carbon pollution with its unique, newly developed technology.

Ukrainian Climate tech startup fights carbon pollution with its unique, newly developed technology. Climate change is humanity’s most significant health threat, and health professionals worldwide are already responding to the health harms caused by this unfolding crisis. The climate crisis thr...

In the first quarter, the export of IT services from Ukraine fell by 16%.

In the first quarter, the export of IT services from Ukraine fell by 16%. IT service exports have decreased to $1.68 B, reported the IT Ukraine Association. As analysts explained, the reason for the decline has two factors. The first is the industry’s growth at excess...

Friday, April 28

Japan will help Ukraine with further steps in digitalization.

Japan will help Ukraine with further steps in digitalization. Ukraine and Japan have agreed on cooperation in digital transformation and signed a memorandum for the first time. Within the framework of the memorandum, Japan will help Ukraine develop innovations a...

Poland will accelerate the delivery of drones to the Ukrainian front.

Poland will accelerate the delivery of drones to the Ukrainian front. Beginning April 27, the export of drones from Poland to Ukraine can be carried out based on general permission granted by the Minister of Development and Technology of Poland. Therefore, any commercia...

Thursday, April 27

Ukraine has launched the BRAVE1 cluster for the development of defense technologies.

Ukraine has launched the BRAVE1 cluster for the development of defense technologies. The Ministry of Digital Transformation, Ministry of Defense, General Staff, National Security Council, Ministry of Strategic Industry, and Ministry of Economy have established a single defense technol...

Tuesday, April 25

An Israeli software developer absorbed the Ukrainian company Mergewave Capital and is looking for other outsourcers.

An Israeli software developer absorbed the Ukrainian company Mergewave Capital and is looking for other outsourcers. Mergewave Capital signed an agreement with Israel IT, a well-known software developer with offices in Lviv and Ivano-Frankivsk. Mergewave Capital became the M&A representative for the Israeli IT c...

The Ukrainian manufacturer of all-terrain vehicles, Sherp, has entered the Turkish market.

The Ukrainian manufacturer of all-terrain vehicles, Sherp, has entered the Turkish market. The Ukrainian company, Sherp, which produces all-terrain vehicles, is ready to launch its new plant in the Turkish province of Bursa. The plant will start production of the Sherp YETX multi-purpose al...

Friday, April 21

Ukraine is intensifying IT industry development.

Ukraine is intensifying IT industry development. A memorandum was signed by the Ministry of Digital Transformation and Techosystem – an association of technology companies in Ukraine. The association plans to strengthen the industry’s ef...

The Ukrainian Dnipro-M chain is entering the EU market.

The Ukrainian Dnipro-M chain is entering the EU market. The first foreign country the power tool retail chain has entered is Poland, announced the company’s website. The two-story store is located in Wroclaw, which has a large Ukrainian community. The comp...

Thursday, April 20

Several countries continue to help Russia purchase microchips for its weapons.

Several countries continue to help Russia purchase microchips for its weapons. NYT journalists noted that at the end of March, US and EU officials exchanged information about millions of dollars’ worth of prohibited technology that seeps through the cracks in their defense syste...

The European Commission is preparing to strengthen EU cyber security significantly and is creating a €1.1B cyber shield.

The European Commission is preparing to strengthen EU cyber security significantly and is creating a €1.1B cyber shield. The EU announced the approval of a legislative initiative on new cyber security legislation. The new law is aimed at ensuring the detection and notification of threats and incidents in the field of cy...

Fintech Farm, founded by Ukrainians, has attracted a record $22M investment.

Fintech Farm, founded by Ukrainians, has attracted a record $22M investment. Fintech Farm, founded by three Ukrainians, Dmytro Dubilet, Oleksandr Vityaz, and Mykola Bezkrovny in 2020, closed funding round B with $22M. Fintech Farm is a platform for launching neobanks in partne...

Tuesday, April 18

Ukraine is ready to use the EU electronic waybill.

Ukraine is ready to use the EU electronic waybill. Ukraine was selected to participate in the EU4Digital pilot project. Ukraine envisages joining the EU’s unified electronic waybill system, e-CMR. Electronic TTN is already being implemented in U...

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