Kaunas Latest News (Lithuania)

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Aimed at marketplaces, ecommerce and classified advert websites, EasyCMT titled platform uses AI to moderate visual, textual and video content.

The programme aims to convert promising ideas into minimum viable products in three months. Startups can apply for up to 200.000 Eur investment delivered on a code for equity basis or as a financial investment.

Due to the war in Ukraine, Europe faces an unprecedented 'developer crunch'.

AB Kelių priežiūra - a state-owned company which ensures maintenance of more than 21.000 km of national roads - joins forces with technology companies Thrust and Agmis to introduce an AI-powered drone based system for automated road inspection.

AI retail technology startup ScanWatch attracted €0.5M in investments, with technology company Agmis and smart retail security solutions provider Neto Baltic leading the round.

A leading Baltic frozen and convenience food producer Mantinga introduced Computer Vision powered solution to ensure PPE compliance.

When Lithuanian men's handball team steps on the court at Avia Solutions Group arena in Vilnius on Thursday night, the eyes of the audiennce will focus not only on the teams but also on rather unconventional advertising sticker.

The two tech enterprises have teamed up to provide innovative, cost-effective identity verification services to make online transactions more secure.

Market Size – USD 509.52 Billion in 2019, Market Growth – CAGR of 4.9%, Market Trends– Mergers and acquisitions are established among key players to expand their market in various regions.

Payment provider, Verifo announced a new partnership with iDenfy to deploy its identity verification with facial recognition.

The platform helped to reduce cashier idle time by 57.66%, equaling to more than 2.5 man hours per store per day. The software also prevented 237 queue forming incidents, saving an average of 2.25 hours in customer wait time per day.