Lithuania News

Agmis Launches All-in-One AI Platform for Automated Marketplace Content Moderation

Leading Baltic technology developer Agmis has launched a new AI powered platform for automated marketplace content moderation. Aimed at marketplaces, ecommerce and classified advert websites, EasyCMT titled platform uses AI to moderate visual, textual and video content. - May 14, 2022 - Agmis

Pipelinepharma Marketplace Records Quadruple Growth Over a Single Year

The leading European pharmaceutical marketplace now hosts more than 85 000 CTD dossiers for finished dosage formulation products. Compared to 19 600 products at the start of 2021, the product offering has increased fourfold over a single year. As a response to increasing demand, Pipelinepharma will introduce biosimilar drugs into a separate category. New finished dosage form categories for medical devices and nutraceuticals will also be launched in the coming months. - April 01, 2022 - Pipelinepharma

Oxipit Awarded CE Mark for the First Autonomous AI Medical Imaging Application

AI medical imaging application developer Oxipit was granted CE Class IIb certification for ChestLink autonomous AI imaging suite. The application autonomously reports on chest X-rays featuring no abnormalities without any involvement from a radiologist. It is the first regulatory approved AI medical imaging application to perform diagnostics autonomously. - March 31, 2022 - Oxipit

Agmis Launches Accelerator Programme for Early-Stage European Startups

Leading technology company Agmis has launched an accelerator programme for early-stage European startups. 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. - March 31, 2022 - Agmis

AIHunters Finds a Strategic Partner in DDG AG for the Expansion to the European Market

DDG AG, an expert for the development and commercialization of digital, technology-driven innovations and data-driven products and business models, with a focus on the field of Artificial Intelligence becomes a strategic partner of AIHunters. The agreement has been finalized today — and the... - March 30, 2022 - AIHunters

AIHunters and Tedial Announce Integration Partnership to Deliver UEFA Highlights

AIHunters partners Tedial to deliver the highlights of the UEFA Champions League with the power of the AIHunters' Cognitive Mill cloud platform. Custom computer vision algorithms will precisely detect the most interesting moments of the game. This collaboration leverages Tedial’s SMARTLIVE Sport Production software for live events to ensure ease at any stage of the automated content delivery cycle. - March 24, 2022 - AIHunters

War in Ukraine Shuffles European Software Development Market

With more than 300.000 technology professionals, Ukraine boasts one of the largest developer communities in Europe. Prior to the Russian invasion, the country was a major player in software development nearshoring services for European customers. Belarus, which came under EU and US sanctions, also played a significant role in the development outsourcing market. - March 19, 2022 - Agmis

AI and UAVs to Monitor Lithuanian Road Infrastructure

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. This joint project, called GreenBee, aims to improve the quality and scope of road network inspection and also to reduce CO2 emissions created while performing inspection tasks. - February 19, 2022 - Agmis

Cooperative Buying to Help Launch New Medicines in Small Markets

Large manufacturer minimum order quantities put specialist medicines out of reach of buyers in smaller markets. By grouping pharmaceutical orders from different buyers into a single collective bulk order, Pipelinepharma will help buyers to reach the minimum order quota. The initiative further builds upon Pipelinepharma’s mission to provide better access to medicines for patients all around the world. - February 17, 2022 - Pipelinepharma

Pharmaceutical Companies Shift to Near-Shore Medicines Sourcing as Supply Chain Risks Intensify

With global supply chains under stress due to COVID-19 pandemic, European pharmaceutical companies and distributors are increasingly looking for alternative supply channels inside the EU block. - December 16, 2021 - Pipelinepharma

Oxipit to Offer Free of Charge Retrospective CXR Quality Audit at RSNA

At the annual RSNA meeting, the AI medical imaging company will present the new ChestEye Quality AI double reading tool. To showcase vanguard ChestEye Quality capabilities, Oxipit will offer a free-of-charge quality audit for 6 months of retrospective CXR data. - November 26, 2021 - Oxipit

AI RetailTech Startup ScanWatch Closes €0.5M Seed Round to Transform Store Checkout

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. ScanWatch reduces the time spent at self-service checkout counters. The product automatically identifies scanned fruit, vegetables and other unpackaged goods, helping retailers to mitigate checkout fraud, as well as reduce unintentional scanning errors. - October 21, 2021 - Agmis

Mantinga Introduces AI Assistant for Worksite Safety by Agmis

A leading Baltic frozen and convenience food producer Mantinga introduced Computer Vision powered solution to ensure PPE compliance. During a three month pilot project, the AI PPE detection product was installed at the company’s logistics centre and a manufacturing plant which is currently being built. The PPE detection solution was tasked with monitoring whether employees are wearing the required protection equipment, including hardhats, high visibility vests and face masks. - October 19, 2021 - Agmis

Pipelinepharma Closes €1.3M Seed Round to Shift Pharmaceutical Dealmaking Online

The European B2B pharmaceutical marketplace closed a venture seed round led by Practica Capital. Iron Wolf Capital, Pandos and a group of angel investors also participated in the funding round. - October 09, 2021 - Pipelinepharma

Oxipit Expands Executive Team with a New Chief Commercial Officer

AI medical imaging company Oxipit appointed Dany Chammas as their new Chief Commercial Officer. With more than 15 years of experience in top tier medical imaging companies, Dany will join the Executive Team to increase Oxipit’s visibility and accelerate business growth. - October 07, 2021 - Oxipit

Lithuanian Airports Now Offer Customers a Seamless Travel Search with an AI Assistant

Lithuanian Airports has integrated the Eddy Travels artificial intelligence (AI) assistant to help travelers plan their trips seamlessly. The AI assistant is now available on Vilnius Airport, Kaunas Airport, and Palanga Airport websites. Lithuania is one of the first countries globally to have an... - July 01, 2021 - Eddy Travels

Anil Uzun Will Start a New YouTube Series, “Cooking in New Zealand”

Anil Uzun Will Start a New YouTube Series, “Cooking in New Zealand”

Anil Uzun will start a new series to discover New Zealand cuisine. The series will be broadcasted on YouTube and the first episode will air on June 10 at 07.00 pm. - March 06, 2021 - Anil Uzun

Oxipit to Preview First Autonomous AI Medical Imaging Application at ECR

The AI medical imaging company will showcase the first autonomous AI diagnostics application for healthy patient report automation. The new product by Oxipit automatically identifies chest X-ray images with no abnormality and produces finalized patient reports without any intervention from the radiologist. The application is pending CE mark certification and will be made available for commercial deployments in the Q3 2021. - March 04, 2021 - Oxipit

Oxipit and Parasmed Partnership to Extend CXR AI Product Distribution in Eastern Africa

Medical imaging company Oxipit announced partnership with Parasmed, a Nairobi-based medical healthcare solutions distributor in Eastern Africa. With recent partnerships in Nigeria and strong foothold in Latin America, the new agreement is an important step towards creating a global, locally present network of Oxipit software distributors. - January 14, 2021 - Oxipit

Teleradiología de Colombia Partners with Oxipit for Chest X-Ray AI Diagnostics

Teleradiologia de Colombia, a leading diagnostic imaging services provider in Latin America, is rolling out Oxipit AI solutions across its network. Oxipit AI suite will produce preliminary chest X-Ray reports and identify healthy patient images with no abnormalities, augmenting radiologist productivity and improving radiologist workflow. It marks the first Oxipit deployment in Colombia with more announcements in Latin America coming soon. - August 26, 2020 - Oxipit

Oxipit Receives Patent for Improved AI Lung Cancer Diagnostics

Oxipit, creators of artificial intelligence based radiology imaging suite ChestEye, announces that the European Patent Office has approved their patent application. The innovation allows efficient use of high-resolution chest X-ray images for machine learning model training and is especially relevant for improving lung nodule detection. - May 27, 2020 - Oxipit

Eddy Travels Defies Market Trends in Closing €1.1M Euros Pre-Seed Round

Eddy Travels AI travel assistant has raised an additional 600,000 EUR investment, closing a pre-seed round of 1.1 million euros. The round was led by the Practica Capital VC fund, with participation from Open Circle Capital, Techstars Toronto, and angel investors. Over 2 million users worldwide... - April 14, 2020 - Eddy Travels

Oxipit ChestEye Secures Medical Device Certification in Australia

The AI medical imaging company has received an Australian Register of Therapeutic Goods Class IIa medical device certificate for ChestEye AI imaging service. Medical device certification paves the way for clinical use of ChestEye in the Australian market. ChestEye imaging suite is already certified by the CE mark. Oxipit received CE certification last February, enabling clinical ChestEye deployment in 32 European countries. - March 07, 2020 - Oxipit

BitDegree Welcomes Danielius Stasiulis as the New CEO

2020 starts with a leadership change for BitDegree. Danielius Stasiulis, the former chief business development officer, will now lead the company as the CEO. This change also marks a shift in the company’s focus: from building the underlying technology to bringing it to the market. - February 23, 2020 - BitDegree

Oxipit to Showcase AI X-Ray Longitudinal Comparison at RSNA

The AI medical imaging company will offer a first public preview of Dynamics feature for its award winning ChestEye CAD suite. Dynamics enables a radiologist to compare X-rays and provide automatically generated reports specifically addressing the changes in images over the course of patient treatment. - December 08, 2019 - Oxipit

Study: AI Found to Reduce Bias in Radiology Reports

A study by the Centre for Advanced Research in Imaging, Neuroscience and Genomics (CARING) found that AI powered CAD software can reduce hedging and defensive reporting statements in radiologist reports, resulting in clearer more actionable diagnosis descriptions. The study was undertaken using Oxipit ChestEye AI imaging suite. - November 28, 2019 - Oxipit

QA Madness Acquires a Prominent Position Among Top Testing Companies at GoodFirms

The second recognition in a row proves that the clients reap benefits from the services the team of QA engineers delivers. - October 03, 2019 - QA Madness

QA Madness Named a Top Software Testing Company by Clutch

One of the most important factors that Clutch takes into consideration is the in-depth feedback it collects from the past clients and existing partners. This means that several positive reviews have become a background reason for high Clutch ranking. - September 30, 2019 - QA Madness

"Robocop" for Worker Safety: AI to Prevent Workplace Accidents

Imagine a perfect workplace safety officer. He never sleeps, he never tires, he even does not take coffee breaks. Computer Vision (CV) technologies are bringing science-fiction vision closer to reality. - August 04, 2019 - Agmis

Tech Trends to Watch: Computer Vision Makes Construction Smarter, Safer and More Efficient

Being too expensive to deploy or simply unpractical, Computer Vision (CV) solutions were out of reach of most but the largest construction companies. With the growth of cloud computing resources and drop in their prices, as well as with increase of CV solution providers, the technology will make strong inroads into construction sector mainstream in 2019. - July 28, 2019 - Agmis

Medical Imaging Company Oxipit Raises $1.7m Seed Round to Bring AI Into Clinical Radiology Practice

Oxipit are the authors of ChestEye AI-powered radiology software suite. Automated AI-based diagnosis and reporting by ChestEye enables radiologists to improve productivity, reduce error-rate, discover overlooked secondary findings and address the shortage and ever-increasing workload of radiology specialists. - July 24, 2019 - Oxipit

Cherry Servers Has Launched Cost-Effective Bare Metal Cloud for High Performance Computing

Cherry Servers has officially launched a cloud platform based on bare metal machines that is cost-effective, un-opinionated and simple to use. With specialized infrastructure and hardware level control, even the most demanding workloads can be handled at ease. - April 17, 2019 - Cherry Servers

7MARKETZ Group Acquires Equity in CGCX.io, First Fully Insured Crypto Exchange

7MARKETZ Group, a leading media holding in Blockchain and Fintech space that helped launch some of the most notable blockchain startups, today announced equity acquisition in CGCX.io, the world’s first fully insured Crypto Exchange. The transaction was closed successfully early February 2019 with the aim to further develop CGCX exchange and grow its market share in the crypto world. - February 25, 2019 - 7MARKETZ

Oxipit’s Chest X-Ray Search Solution Selected as One of Top Innovations by SIIM

Oxipit’s ChestGlass has been selected as one of the top projects for the 2018 Society for Imaging Informatics in Medicine (SIIM) Innovation Challenge. ChestGlass is the first-to-market chest X-ray search solution that allows to find radiologically similar images in a given database. - April 27, 2018 - Oxipit

New Hosting Provider to Speak Out Against Hidden Fees and Conditions

New Hosting Provider to Speak Out Against Hidden Fees and Conditions

A leading Lithuanian hosting provider has launched a new global division named Hostens. The company said the new division is a part of a strategic direction to offer an affordable and high-quality hosting service to the global market. With a focus on individuals as well as small businesses, Hostens... - May 04, 2017 - Hostens

TutoTOONS Becomes a Major Player in Kids’ App Market with 200M Downloads

In less than a year, kids’ app publisher TutoTOONS doubles the results, celebrates 200M game downloads and competes with the global kids’ brands. - March 11, 2017 - TutoTOONS

Proto Medika Launched a Medical Devices Global Directory

The company “Proto Medika” launched a website with a global database for medical devices - www.deviceinformed.com. This is one of the biggest online databases of medical equipment, designed to improve information delivery about medical devices and their manufacturers to people around... - February 09, 2017 - Proto Medika

Bankrupted Publisher Bulkypix Returned "Orborun" to Its Developer

Bankrupted publisher Bulkypix returned 3D action skill run-and-roll game “Orborun” to its developer - Tiny Lab Productions. - December 09, 2016 - Tiny Lab Productions

bitREC Presents Contextual Video Search

Content recommendation platform bitREC introduces contextual video search tool for VOD service operators. The solution enables search within video content, improves SEO for video websites and enriches contextual content meta-data. - November 29, 2016 - bitREC

Paperscope - the World’s First Ever Postcard-Kaleidoscope

Innovators from Lithuania recently presented the first ever postcard that turns into a toy most of us have known since our childhood – the kaleidoscope. “Paperscope” is an invention that allows sharing impressions in an original way. The worldwide announcement of this product was... - November 18, 2016 - Paperscope

Tiny Lab Productions Game Fun Kid Racing Hit 10M Downloads

Tiny Lab Productions, a publisher and developer of casual and free-to-play mobile games for kids and toddlers, is excited to announce that one of the very first company's mobile games - Fun Kid Racing just hit 10 million game downloads on Google Play Store alone. To celebrate this, Tiny Lab... - October 10, 2016 - Tiny Lab Productions

Enago Conducts a Series of Workshops in Lithuania

Enago conducted a series of author workshops to introduce researchers in Lithuania to publishing in international peer-reviewed journals. - October 06, 2016 - Crimson Interactive

Heading to Vilnius? Try Spark, One of Europe’s Few Electric Vehicle Sharing Services

Vilnius – the capital of Lithuania and the very center of the continental Europe – is now one of the few cities in Europe where you can experience electric vehicle (EV) for a short-term rent. This is now possible by a newly launched EV sharing service Spark. The fleet of Spark contains... - August 01, 2016 - Ride Share

Fbox, Physical Real-Time Facebook Like Counter and Mobile App Connects Businesses to Consumers

Fbox, Physical Real-Time Facebook Like Counter and Mobile App Connects Businesses to Consumers

Fbox is a physical device (made of wood with an LED display), the Fbox is designed for brick and mortar businesses, allowing customers to see Facebook likes accumulate in real time. It could serve as a useful social media marketing tool in the real world, with companies projecting to passersby their digital influence in a high visible way. A free mobile app is included, which operates the counter, opens Wi-Fi to those nearby, and can even deliver offers to users as onscreen messages. - June 07, 2016 - Fbox

TableAir Launches an App That Works as a Personal Trainer for Any Standing Desk User

TableAir app builds an individual training program based on user’s previous experience with standing tables and helps to track training progress. - March 09, 2016 - TableAir UAB

Simformer Business Cup 2016, the First International Online Management Challenge, Starts on 4 March, 2016

Simformer Business Cup 2016 is an international management and entrepreneurship contest in highly intensive format. The contest consist of two stages. Each stage lasts only two days. Hourly game updates. During this period, the contestants have to prove themselves to be competent managers as well as strong fighters, just like successful managers should be in real life. - March 03, 2016 - Simformer

Sirin Development: New Brand Name in the Girteka Logistics Family

Industrial and commercial real estate (RE) development leaders in Lithuania are joining under a common brand. Real estate companies, belonging for Girteka Logistics group, will now be featured with Sirin Development name. The rebranding reflects both the evolution of the company as well as its vision for the future. - February 11, 2016 - Girteka Logistics

TutoTOONS Hits 50M Game Downloads, Grew Tenfold in the Past 10 Months

TutoTOONS mobile game building and publishing platform has crossed 50 million game downloads, which is 10 times more than the startup’s last year results. - November 14, 2015 - TutoTOONS Ltd

Simformer Business Simulation Platform Hailed as Learning Technology Breakthrough

Within a year of the launch of the Simformer Business Simulation (SBS) platform, over 200 companies and universities around the world are exploring its use. It is also now being used in the project with iSpace, a company based in Poland. The project involves university teaching staff experiencing... - October 09, 2015 - Simformer

Tesco Selects Girteka Logistics as Primary Fresh Haulier of the Year 2015

Girteka Logistics, owning one of the biggest transport fleets in Europe, has been awarded as Primary fresh haulier of the year 2015 by Tesco. This “Tesco Value Award” is presented to suppliers that have provided exceptional service. Girteka Logistics has for a number of years worked... - July 26, 2015 - Girteka Logistics

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