The Czech Republic is known for a solid infrastructure, a highly educated and skilled workforce, and relatively low wage costs. No wonder that many interesting companies were born here – GoodData, AVG, Avast, Apiary to name a few. In the beginning of this year, we took a close look at the Czech startup scene and created a list of five promising startups to watch in 2016. Here it is:
1. TeskaLabs helps enterprises to build and operate Mobile and IoT Application safely. TeskaLabs was founded in 2014 by Ales Teska and Vladimira Teskova, highly experienced in enterprise mobility and network operations, who started the firm in response to their experiences with the internal security practices of large enterprises, particularly the challenges of staying up to date with a rapidly changing security environment. TeskaLabs provides an always up-to-date, plug and play security layer which can scale to even the largest of operations, operating on thousands of devices within a single company. TeskaLabs joined TechStars London in 2015 and raised €337K in “pre-seed” funding from investors like StartupYard business incubator, TechStars London, and Czech VC firm Credo Ventures.
2. Predictable.ly is a USA/Czech based predictive analytics platform for news publishers and was founded in 2014. Its mission is to tell journalists what’s going to be hot before it is. Predictable.ly has a team of domain experts who partnered with top publishers to develop a data science team in a box to make predictions for publishers. The eam also includes experts on data science, artificial intelligence, machine learning, predictive analytics.
3. Mitteo created the first smart target in the field of sports shooting. The Prague-based startup offers one compact box connected directly to your tablet, smartphone or laptop. It took Olympic games shooter Radim Novak and his team almost two years to develop and test the Smart Target product. This clever invention can electronically capture each shot with maximum accuracy. And all the results are transferred to a simple and user-friendly app.
4. VersionPress is a Prague-based startup that offers version control for WordPress. The company essentially wants to create an “undo” button for changes you make to a WordPress site. It uses software built on top of Git – the popular open source version control system. VersionPress was founded in 2013 and secured $400,000 in funding through a seed round with five investors led by the Czech VC firm Credo Ventures.
5. Comprimato is a JPEG2000 compression software based on standard graphics processing units that deliver compression up to 10x faster than existing software at a fraction of the price. Comprimato delivers unique compression solution to the digital cinema market and secured numerous major clients including Digimetrics or Stanford University. It is in negotiation with major global players in various fields including military and health applications. In September 2014 Comprimato raised €1 million from existing investors Credo Ventures and Y Soft Venture Capital.
By the way: If you’re a corporate or investor looking for exciting startups in a specific market for a potential investment or acquisition, check out our Startup Sourcing Service!