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Top investment news from Estonia

August 2020 was a great month for Estonian tech companies, with Auve Tech's self-driving buses reaching the international markets for the first time and cyber security training platform RangeForce raising 13.5 million euros. It was also the month when Estonia's largest tech event Latitude59 took place - for the first time ever as a hybrid event.
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Estonian-built self-driving buses going international: starting work in Finland, Greece to follow

Estonia’s self-driving vehicle producer Auve Tech and Finland’s leading operator of autonomous vehicles Roboride started operating in Finland’s city of Tampere. By now the quick-developing company has already made the next step, ready to test the self-driving buses in the city of Lamia in Greece. “Self-driving cars are a part of a future city,” the company’s Founder Väino Kaldoja commented the tests in Greece on his LinkedIn account. “All the forward-thinking countries are currently trying to figure out the right way to use them through tests. What we are trying to do, is offering the best solution!”. If interested in what Estonia has to offer in the smart city segment, read more here.

Estonian cybersecurity training platform RangeForce raises $16 million to accelerate global growth

RangeForce, the Estonian cloud-based cyber security training platform, closed an investment round of $16M (€13.5M) to accelerate the company’s global growth. The company focuses on helping enterprises to build highly skilled cyber security teams. It is companies like that, that have made Estonia one of the leading cyber security countries globally.

How Estonian transportation monitoring startup Sixfold helped to manage European trade flows during the crisis

Again, we have to look back at the quick action taken at the beginning of the COVID-19 situation. Sixfold, the Estonian AI-based transportation monitoring startup, turned the endless game of catching up the competitors to conquering the world with one-weekend-hackathon at the beginning of the COVID-19 crisis.

And in addition to bringing you some great business news, we built a sauna for Latitude59…

… which was, as most probably expected from us, an online one. The Estonian investment sauna is a place to get to know the naked truth about doing business in Estonia and how you can benefit from what the digital no-bureaucracy country has to offer.

Wish to invest in digital wonderland where 99% of public services are online and where unicorns are built? Our quick and free e-Consulting service is here to help.


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