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Startup of the Day: SmartyMeet, Polish AI-based assistant for online meetings

SmartyMeet is a Warsaw-based startup that develops the Boe videobot, Conversation Intelligence platform for scaling businesses. It can translate the meeting in real-time, find the necessary information in knowledge bases, analyze positive or negative moods during the conversation, and generate

Cyren cuts up to 30 Ukrainian professionals with no pay for 40 days

On February 1, the tech company Cyren announced that it was laying off a significant number of employees and was considering the scenario of complete liquidation. According to DOU, the company did not give the Ukrainian team advance notice of

Similarweb is under layoffs. The company has a team in Ukraine (updated)

Similarweb, like many other big tech companies, is cutting staff, as AIN.Capital learned from its own sources. The exact figure is currently unknown, but according to the sources, the layoffs are affecting approximately 10% of the company’s staff in Ukraine.

Estonian biotech ÄIO raises €1M to make alternative oils and fats

Tallinn-based biotech startup ÄIO has raised €1 million in fresh funding to develop and produce alternative oils and fats for the food industry. Nordic Foodtech VC, EAS, and several other partners provided the funding, The Spoon reports.

Finnish climate tech Infrakit receives €6M of capital loan from Climate Fund 

The Espoo-based Infrakit, a cloud service for infrastructure construction projects, has received a €6 million capital loan for the development and commercialization of sustainability functionalities for boosting emissions reductions in infrastructure building. The investment was led by Climate Fund. ”Infrakit’s

Finnish TILT Biotherapeutics closes €22M financing round

Helsinki-based TILT Biotherapeutics has announced the final close of its €22 million financing round to develop a cancer treatment. Finland’s Lifeline Ventures led the funding round, which will help advance to Phase II the company’s combination trials, Business Wire reports.

Finnish Fingersoft implements 6-hour working day with almost full pay

The Oulu-based mobile game studio Fingersoft has announced that its employees can now work a six-hour day with a 90% of full salary. Earlier, the company experimented with a six-hour workday and a four-day workweek and chose the six-hour workday

Ukraine’s Anima tests mental health via webcam

The Ukrainians have launched a neurotechnology startup, Anima, which aims to help people prevent mental disorders. Anima enables online early diagnosis of dangerous mental conditions using eye-tracking analysis. The founders call the tool a mental thermometer. How it works According

Finnish document management startup Ment is acquired by US M-Files

M-Files, a global leader in information management, has acquired Espoo-based no-code document automation startup Ment for an undisclosed amount. With the acquisition, M-Files will deliver robust document automation capabilities that enable new and existing customers to quickly automate their own

Polish marketplace Plenti raises €5M to rent out electronic devices

Warsaw-based startup Plenti has raised €5 million in fresh seed funding to build a rental marketplace for electronic devices. 4growth VC and Montis Capital joined in the round, also supported by NCBR Investment Fund ASI, AIN.Capital was told. “We are