Tech

Monday, October 2

Results from the first Defense Forum in Kyiv: $100M investment from Baykar, 20 agreements with foreign partners, and the Alliance of Defense Industries.

Results from the first Defense Forum in Kyiv: $100M investment from Baykar, 20 agreements with foreign partners, and the Alliance of Defense Industries. During the DFNC1 forum, representatives from Ukraine’s military-industrial complex concluded 20 joint contracts with foreign partners to manufacture drones and to repair, and produce armored veh...

Ukraine has signed 20 agreements with French arms manufacturers, and the Czech Republic will allow Ukraine to produce small arms.

Ukraine has signed 20 agreements with French arms manufacturers, and the Czech Republic will allow Ukraine to produce small arms. Ukrainian manufacturers have signed contracts, letters of intent, or memorandums of understanding with French industrialists specializing in producing armored vehicles, artillery, drones, and demining...

The UBC Group is building a second line of refrigeration equipment production in Vinnytsia.

The UBC Group is building a second line of refrigeration equipment production in Vinnytsia. The plant’s area will be 5,000 square meters, and construction is planned to be completed in 2024. In addition, the company put into operation a 600 kW solar power plant at the Green Cool facili...

Tuesday, September 26

Germany might provide Ukraine with Taurus rockets after the US sends ATACMS, and Britain promises to train 30,000 Ukrainian fighters by the end of the year.

Germany might provide Ukraine with Taurus rockets after the US sends ATACMS, and Britain promises to train 30,000 Ukrainian fighters by the end of the year. As BILD writes, the German government has been discussing the possibility of supplying Ukraine with long-range German Taurus cruise missiles for several months, and the US decision to send ATACMS miss...

Thursday, September 21

The Ukrainian-founded cloud service, Deskree, has attracted $1.5M in investments.

The Ukrainian-founded cloud service, Deskree, has attracted $1.5M in investments. According to Siliconcanals, Toronto-based Deskree helps developers build backend infrastructure without a single line of code. Forum Ventures, Hustle Fund, N49P, Flair Ventures, ZAKA VC, League of Inn...

Wednesday, September 20

The economic and anti-corruption effect of digitalization has exceeded UAH 16B: three anti-corruption decisions were adopted.

The economic and anti-corruption effect of digitalization has exceeded UAH 16B: three anti-corruption decisions were adopted. These results were achieved in two years, said Prime Minister of Ukraine Denys Shmyhal. He noted that digitalization eliminates the human factor and brings government services closer to a distant pers...

Ukrainian IT company SoftServe announces the creation of a generative artificial intelligence laboratory.

Ukrainian IT company SoftServe announces the creation of a generative artificial intelligence laboratory. The purpose of the laboratory is to accelerate the implementation of AI technologies in various fields and industries, as well as to solve specific business problems through the use of these technolog...

Friday, September 15

The war has stopped the rapid growth of Ukrainian IT service exports.

The war has stopped the rapid growth of Ukrainian IT service exports. According to YouControl analysts, IT activity peaked on the eve of the Russian invasion in the fourth quarter of 2021, when $2.1B was brought into the country. Since then, the average IT export volume...

Tuesday, September 12

A Ukrainian company will have a complete cycle of manufacturing end use products from titanium.

A Ukrainian company will have a complete cycle of manufacturing end use products from titanium. By the end of 2023, the Velta group of companies plans to launch the production and sale of their first products, titanium medical implants, in Ukraine. In 2017, the company founded its research cente...

Wednesday, September 6

Ukrainian startup Pluspoint has attracted $400,000 in investment from Pragmatech Ventures.

Ukrainian startup Pluspoint has attracted $400,000 in investment from Pragmatech Ventures. The company is developing a tool for managing brands’ online reputation, writes AIN.UA. It is reported that the team plans to allocate 70% of the funding raised to expand its sales geography and...

Friday, September 1

A British company, BAE Systems, will manufacture the L119 howitzer in Ukraine.

A British company, BAE Systems, will manufacture the L119 howitzer in Ukraine. On April 30, the Ministry of Strategic Industry, the Ministry of Defense of Ukraine, and BAE Systems signed a cooperation agreement to produce L119 guns, announced by President Volodymyr Zelensky. ...

Thursday, August 31

Ukraine has nationalized one of Europe’s largest engine factories.

Ukraine has nationalized one of Europe’s largest engine factories. According to the SBU, the nationalization of 100% of the authorized capital of Motordetal-Konotop in the Sumy Region is complete. This enterprise produces cylinder liners for engines. The enterprise c...

Tuesday, August 29

China supplies Russia with up to 70% of the components for drones.

China supplies Russia with up to 70% of the components for drones. According to the Yermak-McFaul International Working Group, China accounts for 67% of the supply of drone components (17% of them pass through Hong Kong). The shares of Turkey and the UAE are 5% and 2...

Wednesday, August 23

Ukraine and Croatia are preparing the International Conference of Humanitarian Demining Donors in Zagreb.

Ukraine and Croatia are preparing the International Conference of Humanitarian Demining Donors in Zagreb. The event in Zagreb on October 11 and 12 will be a platform for mobilizing additional international support and resources for demining initiatives in Ukraine. “Our international partners, the G7...

Where French companies are ready to invest in Ukraine?

Where French companies are ready to invest in Ukraine? According to the ambassador of Ukraine to France, Vadym Omelchenko, French businesses are interested in developing nuclear power and lithium deposits in Ukraine, as well as participating in constructi...

An American investment company became a new shareholder of the largest IT company in Ukraine.

An American investment company became a new shareholder of the largest IT company in Ukraine. AllianceBernstein acquired 6.1% of EPAM Systems’ shares, according to data from the website of the US Securities and Exchange Commission. Based on quotes for EPAM Systems, the market value of th...

Tuesday, August 22

The US plans to increase its production of ammunition to support Ukraine.

The US plans to increase its production of ammunition to support Ukraine. The intensity of hostilities requires accelerated weapon production, including standard NATO artillery shells, the WP writes. It is planned to double their output soon. The publication notes that the ...

Monday, August 21

Ukraine will produce the CV-90 IFV, and Rheinmetall will start repairing Leopards this month.

Ukraine will produce the CV-90 IFV, and Rheinmetall will start repairing Leopards this month. President Zelenskyy and the Prime Minister of Sweden, Ulf Kristersson, signed a bilateral statement of intent on enhanced and mutually beneficial cooperation regarding the production of the CV-90 IFV....

Friday, August 18

Ukraine is technically ready for the first international exchange of tax information.

Ukraine is technically ready for the first international exchange of tax information. As reported by the Ministry of Finance, the development of software for the State Tax Service of Ukraine (DPS) has been completed, which will provide an international automatic exchange of information...

Thursday, August 17

Ukraine is in the top five world leaders for contactless payments.

Ukraine is in the top five world leaders for contactless payments. For the past five years, Ukraine has consistently been among the top ten countries regarding the number of NFC payments. As noted by Mastercard, the share of payments with smartphones and NFC devices ...

Monday, August 14

Rheinmetall will supply Ukraine with the latest Luna NG aerial reconnaissance systems, and ATACMS negotiations with the US are ongoing.

Rheinmetall will supply Ukraine with the latest Luna NG aerial reconnaissance systems, and ATACMS negotiations with the US are ongoing. As reported by Bild, the “unmanned package” consists of a ground control station with several drones, a launch catapult, and military trucks. According to the manufacturer, the Luna NG dro...

Wednesday, August 9

Arms should become Ukraine’s main export product,

Arms should become Ukraine’s main export product, according to Oleksandr Kamyshin, Minister of Strategic Industries. Reporting on the first 100 days of work as the head of the Ministry, he emphasized that the priority moving forward is increasing the...

The list of countries buying Ukrainian IT services remains unchanged.

The list of countries buying Ukrainian IT services remains unchanged. The IT Ukraine Association reports that in the first half of 2023 the list of leading countries in the export of Ukrainian IT services remains unchanged: the US (40.26%), Malta (8.8%), and Great Brita...

The demand for electric cars in Ukraine has jumped.

The demand for electric cars in Ukraine has jumped. As the Ukravtoprom association reported, in July 3,464 vehicles from abroad with battery power sources were registered in Ukraine, including 586 new and 2,878 used vehicles. The models with the greate...

Monday, August 7

Ukrainian AI medical assistant developer receives a $200,000 seed investment.

Ukrainian AI medical assistant developer receives a $200,000 seed investment. Ukrainian MedTech startup Mark, founded in 2021, announced the receipt of $200,000 in seed investment. The startup attracted $500,000 from its founders, Maksym Demjanyuk, and two business angels whos...

Thursday, August 3

Ukraine has expanded its drone army by adding another drone model.

Ukraine has expanded its drone army by adding another drone model. Ukraine’s military has added another drone model to its arsenal, said defense minister Oleksiy Reznikov. He announced on Wednesday that the Ukrainian military is adopting a new model of First Pe...

The first Ukrainian demining machine is ready for mass production.

The first Ukrainian demining machine is ready for mass production. The first piece of domestic demining equipment, which was developed by a Kharkiv manufacturer, has passed certification. The manufacturing company received a certificate and declaration of conformity,...

Tuesday, August 1

Ukraine will build a drone service center with the help of Baykar Makina.

Ukraine will build a drone service center with the help of Baykar Makina. The Ministry of Defense and the Turkish Company Baykar Makina signed an agreement to construct a service center to repair and maintain unmanned aerial vehicles in Ukraine. The signing of the agreement...

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...

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