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... #GoogleForStartups #StartUpinvestments #Workee
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... #ITinvestment #MythicalGames #VladPanchenko #Web3studio
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... #CreditCardsUse #nbu #UkraineCreditCards #UkraineDebitCards
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 ... #ExportITservices #ITservices #UkrainianITcompany
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... #AgroInnovations #AgroRobotics #FarmFleet #ValeryYakovenko
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... #Hoverstate #ITcompany #SoftServe
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... #Cargotransportation #NCTS #NCTStransitsystem
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... #IgorShoifot #OleksandrKolb #StartupInvesting #TarasKyrychenko #Toloka #UkrainianStartUP
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 ... #ElonMusk #SatelliteCommunication #SpaceX #Starlink
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. ... #ExportITservices #ITservices #UkrainianITcompany
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... #ITcompany #ITindustryUkraine #ITsectorinUkraine #RostyslavDyuk
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... #GoogleTax #MetaPlatformsInc #OnlyFans #TaxesToTheBudget
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 ... #ITmodernization #ModernizationUkraine #Technology #TechSpending
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... #ITcenter #IThubPoland #ITspecialistsUkraine #Visa
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... #AlexKarp #DigitalizationOfUkraine #Palantir #UkraineDefenseSector #UkraineReconstruction
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... #digitalization #DIIAapp #MykhailoFedorov
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... #InvestmentsinUkraine #StartUpinvestments #UkraineStartups
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... #ChristineLagarde #DigitalEuro #digitalization #ECB
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... #ArmsTechnology #DareToDefendDemocracy #DefenseTechnology #UkraineArmedForces
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... #ITsectorinUkraine #StockholmTechShow2023 #UkraineITexport
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 ... #Instock #RoboticService #Robots #YehorAnchyshkin #zakazua
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... #DavidCattler #InfrastructureSecurity #UnderseaInternetCables #WarinUkraine
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... #OleksandrBornyakov #SelectUSA #UkraineInvestments #UkrainianStartUP
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... #DenysShmyhal #eCherga #UkraineBorder
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... #anticorruptionreforms #DigitizationOfUkraine #DIIA #eExcise #NABU
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... #Inputsoft #StartUpinvestments #UkrainianStartUP
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... #Carbominer #CarbomPollution #ClimateProjects #ClimateTechStartup #NickOseyko #SMRK #ubnnews #UkraineStartups #ViktoriaOseyko
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... #ExportITservices #ITservices #UkrainianITcompany
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... #DigitalizationOfUkraine #JapanandUkraine
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... #DronesExport #dronestoUkraine #MilitaryDrones
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... #Brave1 #Defense #DefenseInnovations #DefenseUkraine #hightechweapons #NatalyaKushnerska #OleksiyReznikov
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... #IsraelIT #ITcompany #MergewaveCapital
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... #AllTerrainVehicle #Sherp
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... #ITindustryUkraine #StartUp #Techosystem
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... #DniproM
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... #circumventionOfSanctions #Microchips #SanctionsAgainstRussia
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... #CyberSecurity #EuropeanCyberShield
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... #DmytroDubilet #FintechFarm
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... #DigitalizationOfUkraine #e-TTN #ElectronicWaybill
An American facial recognition software development company plans to open an office in Ukraine. The Clearview AI company is interested in building its digital infrastructure of Ukraine. Among their concepts is the use of artificial intelligence in customs and banking. In addition, the company is... #ArtificialIntelligence #ClearViewAI #HoanTonThat #MykhailoFedorov
BigData will be launched in Ukraine for quality management decisions in the public sector. The Ministry of Digital Transformation will become a pilot state body on which the Government BI (GBI) analytical system will be tested. After the completion of beta testing, the project is planned to... #BigData #DigitalizationOfUkraine #MykhailoFedorov
Antonov expects the second Mriya aircraft to deliver a $30M profit every year. After completing development of the world’s largest aircraft, the Mriya, the state aerospace enterprise expects to have recouped its cost in 15 years, reported EP. Before the full-scale Russian ... #An225Mriya #AntonovAirline
Ukrnafta is moving to a digital work format and launching a Virtual Data Room for investors. Ukraine’s largest oil production company, Ukrnafta, is introducing the concept of a “digital well” and “digital field” at all its facilities. The new technology will allow remo... #OilProduction #Ukrnafta
Ukrainian IT specialists’ income decreased by 15%. Over the past year, 46% of IT company employees had their salaries revised, and another 15% reported reduced benefits. The DOU study notes that companies cut the most payments after the start of the f... #ITcompany #ITspecialistsUkraine #SalaryUkraine
High gas prices push Ukrainians to switch to electric cars. Ukrainians bought 1,908 electric cars in March, 525 of which are new. The demand for new electric vehicles increased by 27% and by 8% for used compared to February, according to Ukravtoprom. The share... #ElectricCars #ElectricCarsSales #Ukravtoprom
Last year, Ukraine lost 6.6 million mobile subscribers. The number of active SIM cards in the mobile communication network in Ukraine at the end of 2022 amounted to 49.3 million, almost 12%, or 6.6 million, less than a year ago. Revenues from the provision... #MobileOperators #MobileSubscriber
Last year, Google doubled the financing for Ukrainian IT startups. According to the head of Google for Startups, Michal Kramarz, Ukrainian companies supported by the fund received $10M in funding during the war in 2022 and hired an additional 216 employees. But what ... #Google #ITstartups #MichalKramarz #UkrainianStartUP
Ukraine is developing attack UAVs with a range of over 3,000 kilometers. The National Security and Defense Council Secretary, Oleksiy Danilov, announced the production of Ukrainian-made attack drones with a flight range of over 3,000 kilometers. Ukraine tech companies have... #DroneProduction #MykhailoFedorov #OleksiyDanilov #UkrainianDrone
Several startups will represent Ukraine at the SelectUSA 2023 investment summit. SelectUSA 2023, the main US private equity promotion event, will be held in Washington from May 1 to 4. The Ukrainian delegation will include ADAM, a startup that developed 3D printing technology for ... #SelectUSA #UkraineStartUp
Ukrainian startup Promin Aerospace has received their first pre-orders for $6.5M. The Promin Aerospace team is developing a rocket that should be many times cheaper than its counterparts. The rocket does not have stages that burn out during flight and require the empty element to s... #MykhailoRudominskyi #OrbitalRocket #ProminAerospace
