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Ukrainian defense tech Byne raises $325,000 to develop intelligence solutions with AI

Byne, a Ukrainian startup developing artificial intelligence (AI) solutions for the defense and civil sectors, has raised $325,000 in its first round of funding. As Byne co-founder Borys Nadykto told AIN, the round was led by one of the well-known

“Any evaluation of a Ukrainian company is now either a myth or some wild numbers.” Vitalii Gorovyi transforms InSoft.Partners into a group of companies. Why do he and his business partners need it?

Vitalii Gorovyi, a Ukrainian serial entrepreneur, has transformed the Software Development holding InSoft.Partners into a group of companies under an umbrella brand. The group continues investing in new businesses, trying out its accelerator program, launching offices in Poland, and looking forward to

Finnish e-commerce Daze raises a pre-seed round

Daze, a Helsinki-based e-commerce startup dedicated to post-purchase experiences, has raised an undisclosed pre-seed funding from Antler and Wave Ventures. The funding injection will support its team expansion and accelerate the product development efforts. Our product addresses the pain points of traditional return

Finland’s HappySignals raises €12M to transform IT decision-making

HappySignals, a Helsinki-based human-centric IT experience management company, has raised a €12 million round led by Mandatum Asset Management. The investment will fuel its development and global expansion. IT organization’s primary role is enhancing efficiency and satisfaction across the entire

Finnish space tech ICEYE raises $93M in growth funding

ICEYE, a Helsinki-based company which specializes in synthetic aperture radar satellite operations for Earth Observation, has raised $93 million in funding. The investment was led by the Finnish fund Solidium. It will help accelerate the company’s development and expansion. As

Ukrainian Vesna Capital invests in memoryOS, a US-based edtech startup

Vesna Capital, a VC fund created by Ukrainians, has announced a fresh investment in memoryOS, a US-based edtech startup with Ukrainian-Swedish roots. In a commentary to AIN, Vesna Capital shares the details of the investment. About memoryOS Investment details Petro

German UAV manufacturer Quantum-Systems opens a production facility in Ukraine

Munich-based unmanned aerial vehicle developer and manufacturer Quantum-Systems has announced the launch of the second production facility in Ukraine. Over the next two years, the manufacturer will invest €6 million in the plant. About Quantum-Systems and its operation in Ukraine

SoftServe integrates generative AI into its work — predicts a 45% increase in productivity

SoftServe, an American IT company founded by Ukrainians Taras Kytsmey and Yaroslav Lubinets in Lviv, Ukraine, has informed AIN that it starts integrating generative AI into the work of its teams on client projects. Thanks to this, the company expects

Lithuanian fintech Softloans closes a €1M pre-seed investment round led by FIRSTPICK

Vilnius-based fintech startup Softloans has announced to AIN that it has closed a €1 million pre-seed investment round led by FIRSTPICK. The round also saw participation from undisclosed business angels. This investment will support Softloans’ approach to working capital constraints

Poland’s RKKVC joins $40M Series C round for Bcomp, a Swiss cleantech

Bcomp, a Swiss provider of natural fiber composites for the mobility, recreational, and mass transportation sectors, has announced the closure of a $40 million Series C funding round. The round was led by EGS Beteiligungen AG. Verve Ventures, Zürcher Kantonalbank, and