The Czech Republic boasts a robust startup ecosystem that has gained international recognition. Renowned for its innovation, especially in the cybersecurity sector, the nation has produced industry giants such as AVAST, a globally recognised antivirus company synonymous with digital security.
Extending beyond cybersecurity, the Czech startup scene includes notable unicorns like Kiwi.com, a pioneer in providing unique and cost-effective travel solutions by seamlessly integrating flights, trains, and buses. Another standout, Rohlik Group, an online grocery delivery service, has successfully expanded into the German, Austrian, Italian, and Romanian markets, further cementing the Czech Republic’s reputation as a hub of entrepreneurial prowess. Additionally, the latest Czech unicorn, Productboard, a software company, achieved this coveted status in 2022 after securing $125 million in funding.
After having a closer look at the Czech startup ecosystem, today we’re introducing you to 10 exceptionally promising Czech startups to keep an eye on in 2024 and beyond. All of these startups are founded post-2021.
Better Stack: Founded in 2021, Better Stack offers a comprehensive suite of tools for infrastructure monitoring, including log management and uptime tracking, all designed to efficiently resolve incidents. Based in Prague, this startup is dedicated to fostering a developer-friendly community, providing an abundance of resources, guides, and support for open-source projects. To date, they have raised over €26 million.
Blindspot Technologies: Headquartered in Prague, Blindspot Technologies specialises in the development and provision of cybersecurity solutions, with a focus on safeguarding against cyber attacks. Leveraging advanced AI and Cloud technologies, they protect essential infrastructure, financial assets, and reputation. Founded in 2023, they have raised €1.4 million.
Cruxo: Prague-based Cruxo, serves as a comprehensive solution for streamlining retail media operations. It integrates data, targeting, and various native advertising formats and placements. Founded in 2022, Cruxo has demonstrated its commitment to advancement by securing €800K in funding. This enables retailers to achieve their objectives while exercising complete control over their settings and principles.
E2B.dev: Founded in 2023, the E2B Sandbox stands as a secure haven for AI applications and agents. Founded by a Prague-based team, this innovative platform offers a cloud environment for running AI apps. Within this environment, various Language Model Models can seamlessly employ tools similar to local operations. They have successfully raised €2.3 million from notable investors.
Filuta AI: Prague-based Filuta AI aims to democratise intelligent automation by making it more efficient. It breaks down real-world intelligent automation problems into hierarchies of continuous and discrete models. The technique allows for an order-of-magnitude faster development of explainable discrete symbolic models compared to hand-coded modelling. Founded in 2022 they have raised €2.4 million.
GRAET: Founded in 2023, GRAET empowers athletes and industry professionals to take charge, elevate their careers, and excel in the realm of sports. This self-promotion platform facilitates athletes in receiving direct micro-donations from dedicated supporters, aiming to cultivate a professional sports network. This Prague-based early-stage startup has raised €340K in funding.
KARDI AI: Olomouc-based, KARDI AI is on a mission to provide individuals with control over their heart rhythm through the use of AI, ensuring EKG-level performance from an affordable wearable device. Founded in 2022 and having raised €1.9 million,KARDI AI’s neural network analyses and diagnoses users’ hearts, supplying real-time data to cardiologists for accurate and timely assessments.
Lakmoos: Founded in 2023 and based out of Brno, Lakmoos AI transforms individual surveys into an ongoing source of customer intelligence through the use of data models. Businesses can leverage Lakmoos AI to refine marketing strategies, prototype products, and explore new markets. This innovative startup has been supported by a pre-seed round of funding amounting to €150K.
Upheal: Headquartered in Prague, Upheal is committed to assisting mental health professionals in automating their notes and therapy analytics. Founded in 2021, backed by €3.9 million, Upheal not only optimises time efficiency but also enables professionals to stay fully engaged with clients during sessions.
Wopee.io: Based in Prague, Wopee.io develops autonomous testing bots and self-sufficient bots to autonomously navigate and comprehend the intricacies of web applications, enabling a seamless testing process without the need for additional automation. Founded in 2023 they have secured €300K addressing the challenges of assigning humans to repetitive regression testing tasks.
Read the orginal article: https://www.eu-startups.com/2024/01/czech-republics-startup-scene-10-promising-startups-you-must-keep-an-eye-on-in-2024/
