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Grammarly is laying off 230 team members, 37 are in Ukraine

Grammarly, a Ukraine-founded platform for improving written English, has announced the layoff of about 230 team members worldwide, 37 of which are in Ukraine. The company told AIN.Capital the details. The layoffs come as part of Grammarly’s business restructuring to

Ciklum, an IT company with roots in Ukraine, acquires Infogen, an American developer of digital solutions

Ciklum, a global outsourcing IT company with roots in Ukraine and large offices in Poland, has announced the acquisition of Infogen, an American developer of digital solutions. The company told AIN.Capital the details via the press relase.

Estonian Startup and VC Ecosystem — Vestbee report 2023

Now, over 1400 startups are located in Estonia, including over 100 newly registered ventures during 2022 and Q1 of 2023. The ecosystem’s total enterprise value has reached €36.3 billion. In addition, Estonia holds the highest number of unicorn companies in the

Ukraine’s Projector launches Lezo.io, a career-dedicated AI product

Projector Institute, one of the largest educational institutions in the field of creative and tech professions in Ukraine, has launched Lezo.io, a career-dedicated AI product. The company told AIN.Capital the news via press-release. During the year of beta testing, Lezo.io

Finnish startup Reveel raises €650K in a pre-seed round from Inventure VC

Reveel, a Helsinki-based traveltech startup, has raised €650,000 in a pre-seed funding round to solve the future of tourism together with destinations worldwide. Inventure VC and business angels from Finland participated in the round as investors. We couldn’t be happier

Revolutionizing Secure Communications: The Impact of ARMA G1 Mark ll in Ukraine and Beyond

Following several significant events in the field of privacy, like the NSA’s PRISM program, leaked by Edward Snowden, the Crypto AG incident, and the Pegasus scandal, it becomes more apparent that the security of communications is detrimental to worldwide security.

Croatian company Project 3 Mobility closes €100M Series A round

Project 3 Mobility, a Zagreb-based company developing an ecosystem of urban autonomous mobility, has closed a Series A investment round, raising a total amount of €100 million from private investors. The investment will support the company’s future development and growth.

Estonian fintech Tuum secures €25M in a Series B investment

Tuum, a Tallinn-based core banking provider, has secured €25 million in a Series B financing round led by CommerzVentures, with participation from Speedinvest alongside existing investors. The fresh capital will support Tuum’s international presence. Information about Tuum Everyone knows that

Startup of the Day: JobCannon, a Ukrainian-founded HRtech startup

JobCannon was founded in 2022 by Peter Kolomiets and Andrii Cherednichenko. Since its launch, it has quickly grown from a small team to a company of 35 specialists who are revolutionizing recruitment as a technology and changing the way we

Hungarian-founded Colossyan raises＄22M in Series A round

Colossyan, a Hungarian-founded text-to-video startup, has closed a $22 million Series A funding round. The investment was led by Lakestar with participation from LaunchHub, Day One Capital, and Emerge Education. Colossyan is dedicated to democratizing knowledge with affordable, interactive video creation,