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UK-Bulgarian cargo drone airline Dronamics receives €10M from EIC

Dronamics, a Bulgarian-founded cargo drone airline, has announced a €10 million equity investment provided by European Innovation Council (EIC). The financing follows the earlier grant in the amount of €2.5 million under the Accelerator program in November 2022.  The continued

Estonian-Swedish gamedev studio Crypto Rogue Games raises $1.5M in seed funding

Umeå and Tallinn-based game development studio Crypto Rogue Games has raised $1.5 million in a seed funding round backed by Merit Circle and Avalanche. The investment will help to accelerate the game development process and establish the studio’s leading position in the gaming industry,

Can trees grow to the sky? How to accurately assess the value of an IT business — guest column

In the coming years, the trend of declining demand in the IT sector and, as a result, a decrease in company value will persist. Serge Hancharevich, Managing Partner of Capital Times, discuses in his guest column for AIN how to

Russia is likely using US satellites for missile strikes on Ukraine – The Atlantic

When launching missile strikes against Ukrainian targets, the russian military may be relying on images taken by the American satellites. This is reported by The Atlantic with reference to sources in the Armed Forces of Ukraine. Getting satellite images is

Huge Innovators Map III edition is out — check out these 29 firms ready to invest in your startup

Huge Thing and PFR Ventures have prepared the third edition of the Huge Innovators Map, a compilation of corporations operating in Poland. The list includes 29 entities, including companies like Orlen, Bank BNP, Rossmann, Medicover, and Ciech. AIN shares key notes of

Warsaw Equity Group signs an investment agreement with Vireo Ventures

Warsaw Equity Group has announced an investment agreement with German Vireo Ventures, an early-stage investor focusing on European B2B startups. The deal is WEG’s last investment in a VC fund. The deal amount was left undisclosed. We’re thrilled about WEG’s

Fintech investments dropped to lowest level since 2017 — KPMG H2 2023 report

In 2023 the total fintech investments decreased to $113.7 billion globally and the number of fintech deals reached 4,547. The numbers are the lowest level since 2017. Fintech investors became more cautious with their investments due to the high interest

Microsoft, Amazon and Google will ban Russian companies from accessing their cloud services

Microsoft, Amazon and Google will restrict access to their cloud services for Russian companies starting March 20. This is stated by Softline, one of the largest distributors of Microsoft in the Russian Federation. This means that Russian companies will not

VivaTech named Top 100 Next Unicorns: 8 are from CEE

Each year, Viva Technology, a Paris-based annual technology conference, publishes its Top 100 Next Unicorns ranking. It is a list of the 100 most promising scale-ups in Europe with the potential to reach a valuation of $1 billion or more in

LinkedIn is planning to add games to the platform

LinkedIn, the Microsoft-owned social platform for recruitment and business news, plans to add gaming to its service. According to TechCrunch, the games will be puzzle-based with plans to increase user engagement, retention on the platform and to allow users to