aA
Another startup company is joining the ecosystem in Lithuania. Exai, a company that specializes in content management technology (CMT) and AI, has announced that it’s opening a software development branch in Vilnius. According to Exai’s CEO, the company is expanding internationally after applying for a grant of 3 million euros from the Lithuanian Ministry of Economy. With offices now in Israel, the U.S., Macedonia, and the Philippines, Exai is slowly growing to be a multinational growth company.
An Israeli startup company Is opening a software development branch in Vilnius
© Organizatorių nuotrauka

Vilnius' pool of talent was decisive for the company's move

"The Lithuanian startup ambiance has been heating up for the last few years. The country offers a friendly business environment, fairly low taxes, and an advanced IT infrastructure,", says Gal Moran, Exai's CEO, who was born and raised in Israel. "Aside from a friendly startup amb

Related articles
EN.DELFI

Fintech company Factris announces expansion and investment plans in Lithuania

Factris, the Amsterdam-based provider of factoring services has merged its operations with Lithuanian...

EN.DELFI

Launch of Marius Jakulis Jason Foundation - invitation to build Lithuania, together (1)

Last week during a solemn afternoon, one of the biggest private investors of Lithuania Marius Jakulis...

EN.DELFI

Swiss Mikron Group set to produce automation modules in Lithuania

Switzerland-headquartered Mikron Automation has announced opening a production facility in the area of...

EN.DELFI

Finland's Supermetrics to set up office in Vilnius

Founded in Helsinki in 2013, Supermetrics is a rapidly growing marketing technology company and a...

EN.DELFI

Lithuania’s Fintech sector grows 45% in 2018

2018 was another hugely successful year for Fintech in Lithuania and saw the country cement its...

EN.DELFI

Homanit to open plant close to Vilnius

Homanit, a leading manufacturer of medium-density (MDF) and high-density (HDF) wood fibreboards from...

Lithuanian Banking Association appeals to EC over new tax

The Lithuanian Banking Association (LBA) has complained to the European Commission over a new tax that...

March inflation provisional estimate at 15.2%

The annual (March 2023, compared to March 2022) inflation provisional estimate calculated based on the...

Bank of Estonia forecasts slight recession for 2023

The Estonian economy is on course for a 0.6 percent recession this year, while economic growth will...

Tez Tour revenue totals nearly EUR 114mn in 2022

Tez Tour saw record results in Lithuania last year, with revenue of EUR 113.8 million, almost twice as...

Economy minister: changes to self-employment taxation should not be discouraging

Minister of the Economy and Innovation Aušrinė Armonaitė says that the Finance Ministry’s...

Top news

Defence Minister rejects claims that countries are profiting from sending military aid to Ukraine

On Tuesday, Politico published an article stating that some EU countries were allegedly questioning...

Seimas speaker: both NATO membership and Alliance itself are more important than ever

On the occasion of the anniversary of Lithuania’s accession to the North Atlantic Treaty...

President: we need to reduce regional inequalities

President Gitanas Nausėda on Tuesday addressed participants of the conference of the Association of...

Head of Central Electoral Commission steps down

Chairwoman of the Central Electoral Commission (VRK) Jolanta Petkevičienė has announced that she is...

Estonian minister: TikTok to be banned on state officials’ work phones

Use and installation of the TikTok app is to be banned from smartphones issued by the Estonian state,...