Why FirstMark Capital Just Put €20M Into Croatian Daytona?
Croatian infrastructure startup, founded by Ivan Burazin, Vedran Jukić, and Goran Draganić, closes a round
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ABOUT
The Recursive is returning with the second edition of the state of AI in CEE – the most extensive research of the future of AI in the innovation ecosystem in Central and Eastern Europe. From showcasing the front-running AI product companies to exploring funding opportunities, growth potential, and the talent pool available, and highlighting best practices and ongoing challenges from different countries, our purpose is to paint a picture of the current state of development of AI innovations in the region and demonstrate the region’s potential to international investors, talent, and corporates. Last year, the conclusions of our first report on the State of AI in CEE reached millions of people, including key investors, policymakers, media, founders, and ecosystem builders worldwide.
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THE FUTURE OF AI IN CEE: From the community for the community
We are not coming from MIT, Google, or Facebook, but we believe we have a better story. People built billion-dollar businesses using Keboola. And then the same people invested as angels into the platform and kept growing with us. We then almost doubled the revenue, and we saw that it was going in the right direction.
Central and Eastern Europe could have a real advantage in terms of AI development, in particular in any public-driven space: corporate and tax-related to space, education, and medicine. We just need to put our government resources together for businesses to make it more efficient.
AI is crucial for modern businesses in the advertising sector, as it enhances creativity and efficiency by automating routine tasks. With the demand for personalized content having surged by 20x in recent years, AI helps bridge the gap between the need for high-quality, customized ads and the constraints of time, budget, and expertise.
Online Bits of THE AI MARKET
Croatian InsiderCX Secures Seed Round to Expand Its AI-powered Patient Experience Platform
The newest funding is a seed round secured by InsiderCX based in Varaždin/Zagreb, Croatia. 👯
The Agency AI Reality Check: Why Your Clients Want a Discount (and Why You Shouldn’t Give Them One)
If you’ve spent any time on LinkedIn lately, you’d think the average IT agency is
Slovenian Katalist Raises €1.28M to Build NextGen Video Production OS
The newest funding secured by Katalist, Slovenian-founded startup based in San Francisco, USA (HQ) with
OpenAI to Acquire Polish neptune.ai to Strengthen Its AI Training Infrastructure
OpenAI entered into a definitive agreement to acquire Polish neptune.ai, a metrics dashboard platform founded
“AI Shouldn’t Be English-Centric”: Meet Latvian Foundation Model Optimized for 34 European Languages
If you used ChatGPT, Gemini, or Perplexity in any other language than English, I bet