From autonomous vehicles and digital health to cybersecurity and finance, AI continues to disrupt industries across Central and Eastern Europe. This part of the series presents a selection of 10 AI-driven startups in CEE. The rounds mentioned are arbitrarily selected from over 100 Series A+ startups analyzed for the State of AI in the CEE 2024 report. If you have any suggestions, reach us at [email protected].
1. Infermedica
Country: Poland
Founded: 2012
Description: A digital health company specializing in AI-powered preliminary diagnosis and patient triage solutions.
Last funding round: Series B, 2022
Total funding: €41M
Investors: EBRD, Heal Capital, Inovo VC, Karma Ventures, and One Peak Partners 2.
2. Silent Eight
Country: Poland
Founded: 2013
Description: Silent Eight uses AI to develop custom compliance models for leading financial institutions worldwide, enhancing fraud prevention and regulatory adherence.
Last funding round: Series B, 2022
Total funding: €51M
Investors: Aglaia, Boon Hwee Koh, HSBC, OTB Ventures, SC Ventures, TYH Ventures, and Wavemaker Partners 3.
3. Hyperscience
Country: Bulgaria
Founded: 2014
Description: Hyperscience specializes in automating complex, mission-critical processes for enterprise clients, using AI to enhance operational efficiency.
Last funding round: Series E, 2021
Total funding: €265M
Investors: Bessemer Venture Partners, Global Founders Capital, Stripes, and Tiger Global 4.
4. Ariadne
Country: Greece
Founded: 2019
Description: Ariadne technology company that provides detailed customer analytics with its cutting-edge artificial intelligence approach.
Last funding round: Series A, 2023
Total funding: €9M
Investors: Marathon Venture Capital.
5. Payhawk
Country: Bulgaria
Founded: 2018
Description: Payhawk provides a spend management platform that integrates company cards, expenses, and accounts payable solutions for European and US businesses.
Last funding round: Series B, 2022
Total funding: €217M
Investors: Digital East Fund (ex-Earlybird), Endeavor Catalyst, HubSpot Ventures, Jigsaw VC, Lightspeed Venture Partners and Sprints.
6. Quantive
Country: Bulgaria
Founded: 2015
Description: Quantive is a Strategy Execution Platform that leverages OKRs to help organizations accelerate growth and maintain alignment with their goals.
Last funding round: Series C, 2021
Total funding: €147M
Investors: Charles River Ventures, Index Ventures, Singular, and Visionaries Club.
7. Spotawheel
Country: Greece
Founded: 2015
Description: Spotawheel is a technology-driven used car platform known for transparency and for the experience of finding and purchasing inspected vehicles.
Last funding round: Series B, 2022
Total funding: €129M
Investors: Adevinta, Collective Spark, FJ Labs, Rockaway Ventures, UNIQA Ventures, Velocity Partners Venture Capital, and VentureFriends.
8. Druid AI
Country: Romania Founded: 2018
Description: DRUID AI offers a platform for building conversational AI applications that enhance customer experiences and boost productivity across multiple industries.
Last funding round: Series B, 2023
Total funding: €47M
Investors: Endeavor, GapMinder Venture Partners, Hoxton Ventures, Karma Ventures, Smedvig Capital, TQ Ventures and Verve Ventures 9.
9. Dexory
Country: Romania
Founded: 2015
Description: Dexory provides real-time warehouse state representation using data captured by autonomous robots, offering seamless access through its digital platform.
Last funding round: Series B, 2024
Total funding: €85M
Investors: Atomico, Bootstrap Europe, Capnamic Ventures, DTCP, Lakestar, Latitude Ventures, and WaVe-X 10.
10. FintechOS
Country: Romania Founded: 2017
Description: A fintech platform that simplifies and accelerates the launch of financial products, enabling companies to adapt quickly to market demands.
Last funding round: Series B, 2024
Total funding: €144M
Investors: BlackRock, Cipio Partners, Earlybird Venture Capital, GapMinder Venture Partners, Molten Ventures, and OTB Ventures.
