Ukraine Digital News

Established in 2014, Ukraine Digital News (UADN.NET) is the first English language international information platform dedicated to the Ukrainian digital and IT industries. As a free resource, it provides news, market data, business analysis and updates pertaining to the Internet, e-commerce, IT services, software development, hardware and other innovation in the country as well as to related investment activity and the legal environment. UADN also conducts or participates in research activities that provide local and international audiences with in-depth analysis and quality data on these industries. UADN is published by Belgian company International Digital News.

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Russian and Ukrainian roots, US exit: Jelastic acquired by Virtuozzo

October 14, 2021

Last week Jelastic, a multi-cloud Platform-as-a-Service (PaaS) company established in Silicon Valley with Russian and Ukrainian roots, announced its acquisition by Seattle-based Virtuozzo. The terms of the deal were not disclosed.  Jelastic’s cloud services combine platform and container capacities in a single package for hosting providers, enterprises and developers. Virtuozzo is a leader in virtualization and hyperconverged software: its …

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Zerion secures $8.2 million to make decentralized finance accessible to all

July 14, 2021

Last week Zerion, a Californian decentralized finance (DeFi) startup with Russian and Ukrainian founders, announced the completion of a $8.2 million round. Led by Mosaic Ventures, the deal also involved Placeholder, DCG, Lightspeed, Blockchain.com Ventures and other organizations — as well as a dozen of individual investors from the crypto community.  Zerion touts its investing app as “the simplest way to track and manage …

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BlaBlaCar stops offering its services in Crimea to avoid EU sanctions

November 12, 2020

BlaBlaCar, the carpooling giant born in France, has stopped offering its services in Crimea, where it had been operating since 2014. The decision aims to avoid being targeted by the EU sanctions against firms operating on the peninsula, according to company representatives cited by local news website Crimea.Info. Since Russia took control of Crimea, a Ukrainian …

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Building a mobile app in Eastern Europe is seven times more cost-effective than in the US

October 29, 2019

The average cost to develop a mobile app in Eastern Europe is $23,000 versus $171,450 in the US, according to SmartBrain (also known as Rubrain), a San Francisco-based marketplace for IT contractors. The company analyzed data from more than 400 deals between Eastern European contractors and international startups and found out that developing a new app …

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Fort Ross Ventures launches $200 million fund to help US startups enter Russian market

May 15, 2018

Listen to the audio version of this article: Last week Fort Ross Ventures announced a $200 million fund for US startups interested in the Russian market. Formerly known as Money Time, this venture fund is committed to support the “exponential success” of US tech startups by “leveraging the potential of the enormous Russian marketplace.” Fort Ross will …

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Why startups from Eastern Europe are so strong in face recognition and augmented reality

January 9, 2018

Russian-speaking engineers seem to have some special skills, or secret sauce, to develop face recognition and related AR technologies, if judging by the number of startups with roots in Eastern Europe that have made the news over the past few years. Emerging from Russia, Belarus and Ukraine in particular, they have topped international contests, received …

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Luxoft acquires Ukrainian software development company IntroPro

February 6, 2017

Last week Luxoft, a NYSE-listed provider of software development services and innovative solutions and a part of Russia’s IBS Group, announced the acquisition of Ukrainian IT service provider IntroPro. The details of the transaction have not been disclosed. Established in 2008, IntroPro is an engineering consultancy that employs development teams in Ukraine to serve essentially clients in North America. Its expertise covers consulting, architectural design, development as well as …

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Almaz Capital leads 2nd round for Ukrainian-American connected pet device maker

February 11, 2016

Earlier this month Ukrainian-American startup Petcube, which has developed an interactive device to keep people connected with their pets, announced that it raised $2.6 million in its second round of funding. The round was led by Almaz Capital, an international venture fund with Russian origins, with participation from AVentures Capital, a leading Ukrainian fund, and Y Combinator, …

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