Madgicx is the latest Israeli startup to choose Kyiv as the location for an R & D center.
Tuesday, August 14, 2018

Madgicx is the latest Israeli startup to choose Kyiv as the location for an R & D center.

Madgicx is the latest Israeli startup to choose Kyiv as the location for an R & D center. With a EUR 400,000 seed investment nearing completion, Madgicx, an Ad-Tech platform, plans to hire 15-20 IT specialists over the next year. As digital advertising increasingly specializes, Madgicx focuses on condensing successful Facebook advertising techniques into an automated, artificial intelligence platform. “We’ve heard good things about Ukraine,” Idan Beker, company CTO, says in Kyiv. “Mainly that the workforce here has exceptional analytical skills and that they are devoted workers. The fact that the wages here are much cheaper [than in Israel] made our decision to hire our R&D team here a no brainer.”

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