When it comes to the major tech startup hubs in Europe, Greece may not be in the top position and could have been easy overlooked by many. Despite the grim scenario, Greece has set up an energetic tech scene with startups that are aimed at driving attention towards the country. These companies have proved that Greece is not only famous for its hill-top towns and rich history.
Many tech startups are capitalising the booming business ecosystem in the country. To be specific, there are companies specialising in sectors such as fintech, deeptech, and agritech. A number of these startups have attracted investments that have given rise to more startups and success rates. Going on the same lines, here are some most funded Greek tech startups that are turning the country into a thriving startup hub as sourced from Dealroom.
Drones Aviation
Founder: Vasilis Vamvakousis
Funding: €5 million
Founded year: 2015
Why its hot: Drones Aviation provides aerial mapping solutions and aerial photography services. The company owes a flight academy and its fully qualified staff will guide in operating UAVs in a professional environment. The drone fleet of Drones Aviation is equipped with 4K cameras, ultra hi-resolution, mounted on 3-axis stabilised gimbal systems. The company uses cutting-edge UAVs to collect high-quality aerial imagery and convert the same into understandable information for decision making.
GlobelMoney
Founder: Waqas ilyas
Funding: €5 million
Founded year: 2014
Why its hot: GlobelMoney is a Greek online money transfer business. Migrants and expats can use this online payments solution to families and friends. It offers a wide range of options to send and receive payments. Senders can make online payments via smartphones, tablets, bank transfers, and credit and debit cards. There are instant options such as digital currencies as well. Moreover, it provides GlobelMoney credit card, ePOS systems, trading, transfers, and investment banking options.
VoiceWeb
Founder: Nikos Patsis
Funding: €4.5 million
Founded year: 2001
Why its hot: VoiceWeb is a pioneer in speech applications and speech analytics. The company’s Natural Language Interactions platform ENELAI. It is designed as an inherently multi-channel, multi-modal, multi-lingual, and multi-domain customer engagement platform. The platform supports English, Greek, Polish, Romanian, Turkish, and Arabic languages. VoiceWeb is active in mobile marketing. Its mobile platform, EASE can host loyalty schemes, gaming, and a multitude of mobile marketing campaigns.
METIS CyberTechnology
Founders: Mike Konstantinidis, Serafeim KatsikasÂ
Funding: €3.6 million
Founded year: 2016
Why its hot: METIS sets information intelligence at the disposal of the global maritime industry. The company has been designed and implemented to address the needs of Technical & Operations Departments of Maritime Companies. Its solution is powered by Artificial Intelligence and is fully automated, reliable and accurate. METIS is specialised in the fields of IoT, Cloud Computing, Electronics Engineering, and Artificial Intelligence.
Accusonus
Founders: Alexandros Tsilfidis, Elias K. Kokkinis, Michael Tzannes
Funding: €3.6 million
Founded year: 2012
Why its hot: Accusonus is a Greek AI company that helps content creators improve the audio in their videos. The startup has been using AI for various music and audio applications. Its first product dubbed Drumatom allows recording engineers to control microphone bleed or leakage in drum recordings. The products developed by Accusonus are used by engineers working with musicians such as Wilco, Bob Dylan, Jennifer Lopez, and many others.
KYON
Founder: Leon Yohai
Funding: €3.2 million
Founded year: 2013
Why its hot: KYON is a startup specialised in consumer electronics. It has reinvented the common dog collar and has managed to take the same to a new level. With the KYON Collar, the company has come up with a solution that will prevent pet loss and enhance communication between the pet and its owner. The company specialises in smart technology, 3D GPS, pet tracking collar, and pet wearables.
Augmenta
Founders: Dimitri Evangelopoulos, George Varvarelis
Funding: €2.8 million
Founded year: 2016
Why its hot: Augmenta is an agritech startup, which operates with the intention to help farmers cut down costs and enhance crop performance. The company’s plug-and-play video device uses machine learning to keep an eye on tractor movements and helps farmers increase the yield by 15%. Also, Augmenta’s solution helps reduce the amount of chemical field inputs by 20% and increase the quality of end products by 15%. What’s interesting is that the device learns more as the farmer uses it.
Think Silicon
Founders: George Sidiropoulos, Iakovos Stamoulis
Funding: €2.7 million
Founded year: 2007
Why its hot: Think Silicon is involved in the designing and development of ultra low power and high performance GPUs and IP Semiconductor cores. The company’s NEMA GPUs are designed for ultra-low power IoT, embedded, and wearable devices and support small displays. These GPUs have an array of innovations with revolutionary compression, new architecture, software and compiler technology. And, these provide fast, fluid, and seamless 2D and 3D graphics experience.
RTsafe
Founders: Evangelos Pappas, Nikos Stergiopoulos, Thomas Maris
Funding: €2.5 million
Founded year: 2014
Why its hot: RTsafe is a medical technology company that has developed a unique approach to quality assurance. Its solution enhances the accuracy and safety of radiotherapy for cancer and other medical conditions. The company combines its expertise in medical physics with accurate 3D printing technology. Its anatomically accurate effigies let medical professionals plan more precise treatment interventions for individual patients and help radiotherapy technology innovators fine-tune their products.
iKnowHow
Chairman: Gregory Kotsikaris
Funding: €1.6 million
Founded year: 2004
Why its hot: iKnowHow was founded in 2004 and in 2016 merged with Innora, an award-winning robotics firm, to form IKH. Its robotics arm Innora can design cyber-physical systems to augment human capabilities. IKH is organised into three units such as digital government, healthcare, and robotics. Innora designs and builds tailor-made robotic solutions capable of performing in demanding environments.
Stock photo from Sven Hansche/Shutterstock
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