In recent years, the Ukrainian tech scene has been on the rise, producing a number of innovative B2B startups. These top 10 companies, including Grammarly, Preply, GitLab, PetCube, RefaceAI, Depositphotos, People.AI, Crossover, PromoRepublic, and Parkopedia, are a testament to the entrepreneurial spirit and creativity of Ukrainian entrepreneurs. These startups are helping businesses in a wide range of industries by offering solutions for improving communication, marketing, and other business operations. Whether it's a grammar-checking tool, social media management platform, or AI technology, these startups are definitely worth keeping an eye on.

## Grammarly 

[Grammarly](https://www.grammarly.com/) is a software company that offers a grammar and spelling checker for English language writing. Founded by Alex Shevchenko and Max Lytvyn, Grammarly has become a go-to tool for businesses and individuals looking to improve their written communication.

![grammarly.com](img/36pfxx8gsktwtxucvp4ebm.png "Grammarly")

## Preply 

[Preply]([https://www.preply.com](https://www.preply.com/)) is an online platform that connects students with language teachers for online language lessons. Founded by Kirill Bigai and Nikita Shevchenko, Preply is helping businesses and individuals around the world improve their language skills.

![preply.com](img/screenshot-2023-01-10-at-20.45.03.png "Preply")



## GitLab 

[GitLab]([https://about.gitlab.com](https://about.gitlab.com/)) is a web-based Git repository manager that provides source code management (SCM), continuous integration, and more. Founded by Dmitriy Zaporozhets and Valery Sizov, GitLab has become a popular choice for businesses looking for a comprehensive solution for their SCM needs.

![gitlab.com](img/screenshot-2023-01-10-at-20.46.19.png "Gitlab")

## PetCube 

[Petcube]([https://www.petcube.com](https://www.petcube.com/)) is a company that makes smart cameras for pets, allowing pet owners to see and interact with their pets remotely. Founded by Yaroslav Azhnyuk and Andrey Klen, PetCube is a great solution for busy pet owners who want to stay connected with their furry friends while they're away.

![petcube.com](img/screenshot-2023-01-10-at-20.47.26.png "PetCube")

## RefaceAI 

[RefaceA]([https://www.reface.ai](https://www.reface.ai/))I [](https://www.reface.ai/)is a company that offers a deep learning-based face-swapping app, allowing users to easily swap their faces with celebrities and other public figures in videos and images. Founded by Yury Tetelman and Oleg Kivokurtsev, RefaceAI is a fun and creative tool for businesses and individuals looking to create unique content.

![hey.reface.ai](img/screenshot-2023-01-10-at-20.48.20.png "RefaceAI")



## Depositphotos 

[Depositphotos]([https://www.depositphotos.com](https://www.depositphotos.com/)) is a stock photo agency that offers a vast library of royalty-free images and videos for commercial use. Founded by Dmitry Sergeev, Depositphotos is a valuable resource for businesses looking for high-quality images for their marketing and branding efforts.

![depositphotos.com](img/screenshot-2023-01-10-at-20.49.57.png "Depositphotos")



## People.AI 

People.AI[](https://people.ai) is a company that provides a platform for sales and marketing teams to track, analyze, and optimize their performance. Founded by Oleg Rogynskyy and Vasyl Buzalak, People.AI is a powerful tool for businesses looking to improve their sales and marketing efforts.

![people.ai](img/screenshot-2023-01-10-at-20.50.58.png "People.ai")



## Crossover 

[Crossover](https://www.crossover.com/) is a company that offers a platform for connecting businesses with top talent from around the world for remote work. Founded by Andy Tryba, Crossover is a great solution for businesses looking to tap into the global talent pool.

![crossover.com](img/screenshot-2023-01-10-at-20.53.11.png "Crossover")

## PromoRepublic 

PromoRepublic[](https://www.promorepublic.com/) is a social media marketing platform that helps businesses plan and schedules their social media content. Founded by Max Pechersky and Anton Yakubenko, PromoRepublic is a valuable resource for businesses looking to improve their social media presence.

![promorepublic.com](img/screenshot-2023-01-10-at-20.54.09.png "PromoRepublic")

## Parkopedia

[Parkopedia](https://www.parkopedia.com/) is a company that offers a platform for finding and booking parking spaces in cities around the world. Founded by Eugene Tsyrklevich and Andrei Fadeyev, Parkopedia is a useful tool for businesses and individuals looking for convenient parking options.

![parkopedia.com](img/screenshot-2023-01-10-at-20.55.21.png "Parkopedia")

## Bottom Line

These top 10 B2B startups founded by Ukrainians in the past 5 years showcase the innovative and entrepreneurial spirit of the Ukrainian tech industry. From grammar checkers to social media marketing platforms, these startups are solving problems and helping businesses improve their communication and marketing efforts. Keep an eye on these founders and their companies as they continue to make waves in the tech industry.


Discover the top 10 innovative Ukrainian B2B startups, including Grammarly, Preply, GitLab, PetCube, RefaceAI, Depositphotos, People.AI, Crossover, PromoRepublic, and Parkopedia, and how they're revolutionizing various industries.

Top 10 B2B Startups Founded by Ukrainians in the Past 5 Years

Ukrainians have been making a big impact in the tech industry in recent years, and these top 10 B2B startups are a testament to their entrepreneurial spirit and innovative ideas. From grammar checkers to social media marketing platforms, these startups are solving problems and helping businesses improve their communication and marketing efforts. Check out Grammarly, Preply, GitLab, PetCube, RefaceAI, Depositphotos, People.AI, Crossover, PromoRepublic, and Parkopedia for some seriously impressive solutions and founders to watch out for.

The Crunchbase Unicorn Board welcomed ten fresh faces in May 2023, doubling April's count, yet trailing behind May 2022's substantial total of 34. These new unicorns were unveiled in an investment climate where leading unicorn investor, [Tiger Global](https://www.crunchbase.com/organization/tiger-global), contemplates offloading its private company stakes as unicorn portfolio evaluations continue to be revised downwards.

![](img/знімок-екрана-2023-06-18-о-20.05.57.png)

Of the ten additions, nine different industries are represented with AI claiming two spots at the top. The remaining unicorns each represent a distinct sector, including energy, biotech, robotics, enterprise SaaS, and transportation.

Half of the new unicorns originated from the U.S., with two emerging from China, while Canada, Indonesia, and Japan each contributed one. The month of May saw $5 billion of the total $22 billion global venture funding allocated to these unicorn companies, which is less than half of the $11 billion acquired by unicorns in May 2022. 

![](img/знімок-екрана-2023-06-18-о-20.06.14.png)

The biggest funding for the month was secured by [Shein](https://www.sheincorp.cn/), a fast-fashion e-commerce platform, raising $2 billion in one round at a decreased valuation of $66 billion.

***Here are the newcomers:***

## AI 

Toronto's [Cohere](cohere.com), an AI-based large language model creator for enterprises, raised $270 million in its Series C funding round, led by [Inovia Capital](https://www.inovia.vc/). This has valued the 4-year-old company at $2.2 billion. 

New York's [Runway](https://runwayml.com/), an AI firm specializing in generative video, secured $100 million in a Series D round led by [Google](https://thecymes.com/article/googles-bard-chatbot-made-a-factual-error-during-its-first-demo-the-mistake-cost-the-company-100-billion), achieving a valuation of $1.5 billion.

Another notable AI startup that warrants attention is IDvizer, a facial recognition technology provider striving to revolutionize business security solutions. Their latest offering, IDvizer's Fastest Face ID, is a B2B identity recognition platform that verifies end-users in less than a second, irrespective of the device in use. This product has made waves in the AI industry for its innovative approach to security and its ability to deliver unique user experiences across various fields. [Learn more about IDvizer and its Fastest Face ID in our previous article](https://thecymes.com/article/a-brand-new-way-for-businesses-to-verify-users-idvizer-builds-the-fastest-face-id).

## Energy 

[Ryefield Energy](https://www.fox-ess.com.cn/), a China-based battery energy storage firm, raised $140 million led by [Sparkedge Capital](https://www.crunchbase.com/organization/sparkedge-capital), reaching a valuation of $1.4 billion.

## Agtech 

[eFishery](http://efishery.com/), an Indonesia-based developer of IoT feeding devices and an e-commerce platform for aquafarmers, raised $108 million in a Series D round led by Abu Dhabi PE fund [G42 Expansion Fund](https://www.42xfund.com/), reaching a valuation of $1.3 billion.

## Cleantech 

Gradiant from Massachusetts, a company dedicated to aiding water-dependent enterprises in wastewater reduction and treatment, secured $225 million in a Series D round led by BoltRock Holdings and Centaurus Capital, thereby valuing the company at $1 billion.

## Enterprise SaaS 

Restaurant365, an Irvine, California-based restaurant management software firm, secured $135 million, hitting the $1 billion valuation mark. The funding round was led by private equity firms Kohlberg Kravis Roberts and L Catterton.

## Proptech 

New York-based Avenue One, a proptech firm providing a comprehensive service platform for rental property buyers, raised $100 million led by WestCap. This round valued the company at $1 billion.

## Transportation 

GO, Tokyo's premier ride-hailing app, secured $72 million in a Series D round led by Goldman Sachs, which valued the company at $1 billion.

## Robotics 

Zhiyuan Robotics, a Shanghai-based humanoid robot developer, raised a funding round led by Baidu Capital, achieving a $1 billion valuation. The exact amount raised remains undisclosed.

## Biotech 

Chicago's VectorBuilder, a firm specializing in gene delivery technology, completed a funding round that saw the company reach a valuation of $1 billion.

Correction: Cohere's funding round has been updated to $270 million and its valuation to $2.2 billion based on an updated funding announcement.

[The Crunchbase Unicorn Board](https://www.crunchbase.com/lists/exited-unicorns/9436a996-90a9-40bc-91c0-a7d239de07f1/organization.companies) is a curated list of privately-held unicorn companies valued at $1 billion or more, based on Crunchbase data. Additions are made as companies hit the $1 billion mark during funding rounds. Internal company valuations are not reflected, as these often differ and are usually lower than a priced funding round. Adjustments are not made for investor writedowns, which vary quarterly, as different investors may not consistently value the same company within the same quarter.

Please note that all funding values are in U.S. dollars unless specified otherwise. Foreign currency transactions are converted at the historic spot price even if they were added to Crunchbase long after the event was announced.

Illustration: Dom Guzman\
Photo by [Alex Rybin](https://unsplash.com/@alexrybin?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText) on [Unsplash](https://unsplash.com/images/animals/unicorn?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText)\
\
*Note: The information provided in this article is sourced from Crunchbase News, and presents an analysis of the emerging unicorns and investment trends in May 2023*


 Explore the dynamic shift in the unicorn landscape in May 2023, featuring an increase in AI startups, fluctuating venture funding trends, and diverse industry representation. Get detailed insights into the new unicorns' origin, industry, and valuation.

May 2023 Unicorn Expansion | AI Dominance & Global Venture Funding Insights

May's Double-Digit Unicorn Growth Highlights Two AI Players

Despite the ongoing conflict, Japan, known for being the third-largest global economy and the leading Asian supporter of Ukraine, successfully organized a virtual pitch event on March 17th for Japanese businesses to discover promising and expanding Ukrainian startups, and took place in three separate sessions.\
\
The event was coordinated by JETRO and Ago-ra IT Consulting, with the support of Kyiv IT Cluster. JETRO is a Japanese government-affiliated organization that promotes trade and investment between Japan and the rest of the world, while Ago-ra IT Consulting is a Japanese firm that provides business consulting and IT solutions.

## Healthtech

The first session, held on December 22, 2022, was focused on healthtech and featured the following startups:

![](img/movadex-preview.png)

* [iCardy](http://icardytech.com/en.html#iCard): a healthtech company that provides a cardiac diagnostic and monitoring service. 
* [InDevLab](https://indevlab.com/#InDevLab): a healthtech company that develops wearable devices for remote patient monitoring. 
* [Movadex](https://www.movadex.com/#Movadex): a healthtech company that provides an AI-powered platform for personalized healthcare. 

## HR Tech

The second session, held on January 31, 2023, was focused on HR tech and featured the following startups:

![](img/hurma.png)

* [Handy.ai](https://www.handy.ai/): an HR tech company that provides an AI-powered chatbot for recruitment and talent management.
* [Matchit.me](https://www.matchit.me): an HR tech company that provides an AI-powered platform for employee assessment and development. 
* [Banza](https://banzait.com): an HR tech company that provides an AI-powered platform for employee engagement and retention.
* [HURMA](https://hurma.work/) Systems: an HR tech company that provides a platform for employee performance management and feedback.



## Internet of Things

Finally, the third and last session, held on March 17th, was focused on IoT and featured the following startups:

![](img/latengra.png)

* [Leantegra](https://leantegra.com/): an IoT company that provides a real-time location tracking and analytics platform. 
* [Smart House Systems](https://sh.systems/): an IoT company that provides a home automation platform for energy management and security. 
* [OoshEars](https://ooshears.com): an IoT company that provides a wireless audio platform for hearing assistance. 

A total of 10 Ukrainian startups participated in the event, each showcasing their exceptional products. The event was attended by almost 100 Japanese corporations, startups, institutional investors, government agencies, and research labs. The hosts and speakers for the event were JETRO, Ago-ra IT Consulting, and the Ministry of Economy, Trade and Industry.

Despite primarily concentrating on Europe and the United States, Ukrainian firms are now shifting their attention to Japan. The event has generated enthusiasm within Ukraine's technology industry, and it is anticipated to encourage additional IT-related collaborations between Japan and Ukraine in the future.

## Conclusion

The virtual pitch event hosted by Japan for Ukrainian startups was a success, providing a platform for Ukrainian startups to showcase their products and establish potential partnerships with Japanese businesses. The event is expected to open new opportunities for Ukrainian firms in Japan and to strengthen collaborations between the two countries in the technology industry.

Despite ongoing conflict, Japan highlights promising Ukrainian startups in virtual pitch event. 10 startups showcased exceptional products to nearly 100 Japanese corporations, startups, investors, and government agencies. Event expected to encourage additional collaborations between Japan and Ukraine in the IT industry.

Japan Hosts Virtual Pitch Event for Ukrainian Startups

JETRO and Ago-ra IT Consulting Spotlight Ukrainian Tech Firms for Japanese Investors

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