5 Ukrainian startups that are about to break through

 

How many Ukrainian startups do you know?  At best – Looksery (purchased by Snapchat), Grammarly and Jooble.

Too bad. Theres far more to learn about.

Here are 5 hottest startups of 2016 that are about to break through. Whether you are a tech-lover, startuper, or an investor – have a look at the list and learn where the real deal is.

Ain.ua online portal, devoted to startups and entrepreneurship, has conducted a study among business angels, investors, and entrepreneurs, who were asked to point out startups, which developed and achieved something in the past year.

1st place – Sixa

Sixa – a personal computer in the cloud

“Sixa is a full computer that operates right from the cloud via a client app. It supports various devices and is capable of running the most demanding applications. With Sixa users can easily deploy a cloud computer optimized for different tasks and access a powerful virtual computer without hardware upgrades” (www.sixa.io). This app not only allows you to have a powerful computer without actually having it, but also save the costs of utility bills and free you from buying expensive hardware. In 2016 Sixa has received the investments from legendary Y Combinator, receive $300,000 from the venture fund TMT Investments, and finally received $3,5 mln from Californian fund Tandem Capital, abd Ukrainian Digital Future and Horizon capital.
Currently, they launched beta-version of the service, that everybody can try for free.

2nd place – Mobalytics

Mobalytics – Personal performance analytics for competitive gamers

The platform measures players’ performance, helps them define their strengths and weaknesses and provides personalized advice, based on Gamer Performance Index, on how to improve your skills. The app was first introduced during TechCruch Disrupt in San Francisco, where it victoriously took the 1st prize. Shortly after the big triumph the startup received $2,6 mln investments from Almaz Capital, Founders Fund, General Catalyst and GGV Capital.

3d place – People.ai

People.ai – sales productivity platform powered by AI

The app analyzes sales managers’ performance and displays the statistics to the employer, helping to identify who works best and who underperforms. Startup received the investments from the Y Combinator, as well as many funds from business angels.

4th place – Hideez Technologies Inc.

Hideez – hardware cybersecurity project

In 2016 Hideez launched their first product – Hideez Key, which stores all the digital keys and certificates on one device, allowing unblock smartphones, laptops, open RFID-locks or authorize mobile payments. It also works as a anti-thief sensor for the thongs like wallet or keys, as it distances from the smartphone it is connected to, the app will notify the user of the loss.

And finally last but not least – SolarGaps

SolarGaps – world`s first solar smart blinds.

SolarGaps is all-in-one energy solution. With the help of solar panels on the blinds, which generate electricity from solar energy, you can supply yourself with own electricity and save on your electricity bills.
This great invention has received a support from the investors of $1 mln over this summer. So, we are definitely going to hear about them soon.

 

References

http://ain.ua/top-10-ukrainskix-startapov-2016

 

People.ai is using machine learning to rewrite the sales ops playbook

 

 

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3 thoughts on “5 Ukrainian startups that are about to break through

  1. Enrico Di Stefano says:

    Certainly interesting, and I think every country has its cool and innovative start-ups. The problem is about the media and/or the “marketing” of a place, because everything and everyone is focused on “Silicon Valley” and US. So we pay attention and we consider cool and at the top of technology all that comes from this part of the world.
    An important thing to consider in this topic is the role of the government. Too often we think that there aren’t interesting start-ups except from US, but actually, the problem is about the government which doesn’t support this kind of companies or funds that don’t give money to them to grow.
    Maybe I’m wrong, maybe foreign start-ups have less echo than american ones, I don’t know, but I’m pretty sure that government/funds support is fundamental to develop a start-up.

    • kmaslova says:

      You’ve got the point, yet I also I think that non-US startups get less coverage in press/media, hence – less funds. And this situation is sad, because too many talented and potentially disruptive technologies have been buried in a hopeless information graveyard.
      But I totally agree with you. A huge role in business development plays the government, which often plays the role of the main obstacle for start-ups and mid-size companies. And, for now, it may be the case not only of Ukraine, but for most European countries.

  2. evmatvienko says:

    No doubt, a significant part of the global technology and innovation business concentrated in the US, and it affects other markets. The government policy e.g.: attracting international grants to boost innovative business, stimulation internal and external investments, creating appropriate educational programs in institutions of higher learning have a great importance for creation favorable conditions for the emergence and development of start-ups. I would like to complement this with several points. Regarding Ukraine, some experts say that the Ukrainian start-up ecosystem is not holistic and underdeveloped. Each group of participants is interested solely in their own benefits – entrepreneurs (start-ups) ready to undertake just the first steps of building the enterprise, while the majority of investors prefer to pour money on later stages. So, one of the problems is a lack of investments at the first beginning of start-ups. The second issue is that to succeed there is a need for experienced and qualified experts who know how to grow and develop the company. Ukraine is rich in real specialists, although, suffers from a lack of highly competent managers. Also, the presence of venture capital funds is affecting the emergence of start-ups (in fact in Ukraine they are not many).
    I remember the Forbes article, which suggested that Kiev serves as a springboard for “Silicon Valley”. The thing is that some companies were established in Kiev but have the second office in the US and part of top managers – Americans, mostly involved in sales and marketing (a good example is Terrasoft). Ukraine has a high potentiality, but now most start-ups that appear there, are not being developed by their founders but rather selling at the beginning for the sake of technology.

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