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Estonia’s deep tech GScan raises €1.4M in seed

The Tallinn-based startup GScan has raised a €1.4 million seed investment. The company develops atmospheric ray 3D scanners for security and cargo scanning, Tech.eu reports. Founded in 2018 by Andi Hektor and Hannes Plinte, GScan differs from X-ray equipment by

“We believe in Ukraine’s potential despite the war and losses caused by it,” Mykola Mykhaylov, Pracuj Ventures

At the beginning of May, the Polish fund Pracuj Ventures invested in PeopleForce, a startup that became the first Ukrainian project in the fund’s portfolio. PeopleForce develops HRM solutions for HR and recruiting processes automation. Among the startup’s clients are

Ukrposhta launches an online store on eBay. Here you can buy Russian warship stamps and merch

The National Post Company of Ukraine Ukrposhta has announced the launch of its official online store on eBay. There you can buy the famous stamps from both series, “Russian warship, go f*ck yourself!” and “Russian warship…DONE!”, as well as merch

War in Ukraine / May 23

The Molfar team sends a daily newsletter about the war in Ukraine. The editorial staff of AIN.Capital publishes the full version of the digest. You can subscribe to the newsletter here. The war in the center of Europe has been going on for

Poland’s AI software startup Zowie secures $14M Series A

Zowie, a Polish AI software startup headquartered in the US, has secured a $14 million Series A investment led by Tiger Global Management. This brings Zowie’s total funding to $20 million. Founded in 2019 by Maja Schaefer and Maciej Ciolek, Zowie provides

Latvian AR startup Lightspace Technologies raises €750K

Lightspace Technologies has raised another €750,000 investment from the Ardelta fund and several business angels. The round brings a total of €14 million in support, Labs of Latvia informs. Founded in 2014 by Ilmars Osmanis, the company offers 3D photonics

Ukrainians teach AI to collect information about damages to cities

The NeuroMarket team created the UADamage project, which analyzes damages to Ukrainian cities caused by the occupants and puts them on a map. They use an AI-based tool. NeuroMarket is a marketplace of neural networks created by Ukrainians. The company

Fighting the aggressor on the cyber front: How Ukraine’s IT army works

On February 26, the Ministry of Digital Transformation initiated the creation of the IT Army of Ukraine. Its main task is to fight the aggressor country online. AIN.Capital journalist spoke to Mstyslav Banik, head of electronic services development at the

War in Ukraine / May 20-22

The Molfar team sends a daily newsletter about the war in Ukraine. The editorial staff of AIN.Capital publishes the full version of the digest. You can subscribe to the newsletter here. Up to 100 Heroes of Ukraine die every day in the East

Finland’s e-commerce marketplace aggregator eBrands raises $30M

The Helsinki-based e-commerce aggregator eBrands has closed a $30 million round that takes the company’s total funding to $50 million. It plans to develop its current portfolio and acquire new Nordic businesses for international expansion. Founded in 2020 by Erika Ottela,