Slovakia’s AI Startups Outpaced Czechia in 2024 Funding, AI Report Shows
In 2024, the startup ecosystem in Slovakia remained relatively steady compared to the previous period,
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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
Martin Vechev of INSAIT: “DeepSeek $6M Cost Of Training Is Misleading”
Martin Vechev, the Director of Bulgarian INSAIT (Institute for Computer Science, Artificial Intelligence and Technology)
“Our Mission is to Simplify AI Adoption, Not Compete with Existing Models” – Katya Vaptsarova, COO of Team-GPT
Last November, we witnessed the largest seed funding round in the history of the Bulgarian
Croatia’s Lebesgue Raises €2.9M Seed Round for Its AI CMO Platform
The newest deal comes from Lebesgue based in Zagreb, Croatia. 👯 Founder(s): Josip Begić (CEO)
Czech Republic Ranks Lowest in AI Startup Funding in CEE, AI Report Reveals
Since the beginning of 2024, the AI domain in the Czech Republic has shown both
Greece Ranks Second in Number of AI Startups in CEE for 2024, According to State of AI Report
The AI ecosystem in Greece continued to build on its foundation in 2024, navigating a