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27.05.22

EPAM loses over $15M due to war in Ukraine

The IT company EPAM has published its financial report for the first quarter of 2022, DOU writes. Its revenues for this period rose by 50% to $1.17 billion. However, the company lost $15.1 million due to the withdrawal from the

26.05.22

War in Ukraine / May 25

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. 95% of the Luhansk region are occupied Serhiy Haidai, head of the

26.05.22

Polish robotics startup Nomagic nabs $22M in Series A

Poland’s robotics startup Nomagic nabs $22 million to improve e-commerce warehouse logistics. Khosla Ventures and Almaz Capital co-led the Series A round, TechCrunch reports. Founded in 2017 by Kacper Nowicki, Marek Cygan, and Tristan d’Orgeval, Nomagic is based in Krakow.

26.05.22

MacPaw invests $1M in Promprylad.Renovation

The Ukrainian company MacPaw has invested $1 million in the Promprylad.Renovation Innovation Center in Ivano-Frankivsk, Ukraine, as reported to AIN.Capital by MacPaw representatives. The funds will go to revitalize buildings A, B, and B1. There are plans to create a business support center, offices

26.05.22

YC warns portfolio founders of economic downturn and advises them to “plan for the worst”

This week all portfolio founders of the Y Combinator got an email titled “Economic Downturn.” The startup accelerator advised them to “plan for the worst,” as well as suggested cutting their expenses, extending their runways, or focusing on raising money. As TechCrunch emphasizes, this

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