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ChatGPT and DALL-E. What European VCs think about risks and opportunities of new AI technologies 

In November 2022, OpenAI released ChatGPT, a conversational AI model based on GPT-3.5 technology. The service aroused great interest and caused a fierce debate among people from all over the world and different fields on how technological, safe, and appropriate

Estonian EV charging VOOL secures €1.7M in a seed round

Tallinn-based electric vehicle charging solution VOOL has secured €1.7 million in its latest seed funding round. Specialist VC is the lead investor. Several other influential investors, including the former President of Estonia Kersti Kaljulaid, also joined in the round, Invest

Astound Commerce lays off 15% of the team. This also affects offices in Ukraine

The IT company Astound Commerce, which has many development centers in Ukraine, is undergoing layoffs. As the company informed AIN.Capital, these will cover about 15% of the company’s employees both in Ukraine and in other countries where Astound Commerce is

Ukrainian app Drill trains shooting. How it works

Drill is a military-tech application created by Ukrainians, which aims to teach everyone to shoot with different types of weapons and train this skill to a high level. The developers are positioning the application as a personal shooting instructor in

The first AI-only Uncreative agency is online. It generates ideas in minutes for free

In 2023, the first AI-only creative agency appeared on the web. At least, this is how an Uncreative agency positions itself. According to its website, in Uncreative there are no humans, no delays, and no budgets — for now, ideas

Romania-founded startup Kubeark secures $2.8M in a pre-seed round

The New York-based company with a team in Bucharest Kubeark has secured $2.8 million in a pre-seed round led by Credo Ventures, joined by Seedcamp, LAUNCHub Ventures, and 500 Emerging Europe. The investment will help to develop SaaSify software products

AI voice technology startup ElevenLabs raises $2M in a pre-seed round led by Czech Credo Ventures

The London-based startup ElevenLabs has raised $2 million in a pre-seed round led by Credo Ventures, with Concept Ventures’ participation. The startup also announces launching its Beta platform that allows creators and publishers to narrate their long-form content. “The platform

PFR Ventures invests €55M in four green funds

Polish fund of funds PFR Ventures has invested €55 million in four green venture capital and growth equity funds. The investment came under the PFR GreenHub FoF program, which aims at fostering green innovation in Poland to address the climate

Ukrainian-American Fuelfinance raises $1M to develop startup-focused financial planning software

Fuelfinance, a company making software for financial management and planning in startups, has raised $1 million in seed funding, AIN.Capital was told. Investors include two CEOs of unicorn companies, with Bolt’s Markus Villig, and SendBird’s John S. Kim, as well

Startup of the Day: OptySun, Ukraine’s autonomous water purification and disinfection technology developer 

Kharkiv-based OptySun provides a solution for purifying and disinfecting water everywhere. The idea consists of the combined use of several cleaning and disinfection agents: membrane filter, UV, ozone that can significantly reduce energy consumption and increases the efficiency of disinfection.