Latvia startup ecosystem
The directory currently lists 61 organisations across 1 cities.
Showing 1–20 of 61 Latvia
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Aerones
Aerones is the world-leading provider of robotic wind turbine maintenance and inspection services. Founded in 2015 by Dainis Kruze and Janis Putrams, the company deploys rope-suspended robots guided by AI software to perform blade cleaning, leading-edge erosion repairs, lightning protection checks, and autonomous visual inspections — completing tasks up to four times faster than manual methods. A Y Combinator W18 graduate, Aerones has raised $115 million in total including a $62 million Series B in 2025, serves customers representing over 50% of global wind power capacity, and operates in 30+ countries.
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AI Connect 2026 (August 2026)
AI Connect is a one-day artificial-intelligence conference at the RTU Science and Innovation Centre in Riga, structured in three tracks: Build (technical sessions for AI engineers and data specialists), Use (practical AI for business and the workplace) and Explore (demos and workshops for newcomers). Its aim is to make AI understandable, practical and human, connecting developers, businesses, students and the public.
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AI Studio
AI Studio is a joint initiative of RTU Riga Business School and the Latvian Information Technology Cluster, launched in 2024 to accelerate AI education and practical application in Latvian businesses. It combines academic knowledge with industry expertise to deliver training programmes covering AI automation, digital transformation, and advanced digital skills. AI Studio connects businesses, universities, developers, and public institutions to advance responsible AI adoption in Latvia, and is a principal organiser of the AI Connect 2026 conference.
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Atlas Aerospace
Atlas Aerospace is a Riga-based UAV manufacturer founded in 2015 by Ivan Tolchinsky that produces lightweight reconnaissance drones for military and civilian use. Its flagship drone weighs under 2 kg, is man-portable, and carries a camera for real-time intelligence, surveillance, and reconnaissance. Atlas is a NATO supplier and has delivered over 200 drones to Ukrainian armed forces for battlefield reconnaissance. Beyond defence, the company's systems are used by Norwegian mountain-rescue teams and firefighting services worldwide. Atlas is a member of MilTech Latvia, the national defence industry cluster.
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BADideas.fund
BADideas.fund is a Riga-based early-stage syndicate and pre-seed/seed fund whose 200+ members are operators and founders from CEE unicorns including Wise, Veriff, Printify, and Bolt. The fund is backed by Latvian development bank Altum under the EU ERDF-supported programme, with a total fund size of €20.67 million, active from 2024 to 2029. It focuses on globally ambitious founders from Latvia and the broader CEE region.
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BalticNOG 2026
BalticNOG 2026 is the annual Baltic Network Operators Group conference, moving to Riga for its next edition at the Radisson Blu Latvija Conference & Spa Hotel. It unites 400+ network engineers and internet-infrastructure professionals around routing security, IPv6 deployment, network automation, cybersecurity, cloud networking and regulatory developments, plus a new community-driven 'Skunk Works' format for tackling operational challenges.
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Buildit
Buildit is a Riga-based hardware and IoT accelerator-VC hybrid founded in 2014, operating as the first accelerator in the Baltics and Nordics focused on physical-device startups. It runs cohort programmes and provides pre-seed funding up to €250k for Latvia-incorporated startups, with seed follow-on up to €1.5M for Baltic and Nordic companies. The firm has made over 120 investments and manages the Buildit Latvia Pre-Seed Fund (2022 vintage). Portfolio companies span energy, health tech, smart living, and robotics, including Aerones.
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Catalyco
Catalyco is a Latvian deep-tech materials company that produces high-purity, high-surface-area zinc oxides from industrial waste in a circular process, drawing on more than 30 years of production experience in the underlying chemistry. Customers benefit from using less of these valuable materials while cutting manufacturing costs, and the technology is aimed at industrial applications that currently rely on virgin zinc oxide.
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Commercialization Reactor
Commercialization Reactor is a deep-tech venture creation platform and accelerator established in 2009 in Riga, ranked among the most experienced science-commercialisation programmes in Europe. It pairs scientists and researchers with entrepreneurial co-founders to build deep-tech startups, and provides up to €50k in pre-seed investment through a six-month programme focused on market and customer development. In 2024 it launched ESA BIC Latvia as the national ESA incubation centre operator, and has supported over 40 portfolio ventures across biotech, cleantech, materials, and space.
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CyberChess 2026
Annual international cybersecurity conference organised by CERT.LV across three tracks (#CyberStory, #CyberShock, #BalticDomainDays) with policy panels, technical sessions on AI security and threat intel, plus a two-day Capture the Flag competition.
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Dealita.ai
Dealita.ai is an AI-powered deal-flow management platform that automates the screening and initial evaluation of inbound investment opportunities for venture capital and private equity funds. Its algorithms process pitch decks and company data to perform initial filtering and scoring against investor-defined criteria, reducing manual triage workload. Dealita won the Startup of the Year 2024 award in Riga.
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DevOps & AI Latvia
DevOps & AI Latvia is a Riga-based technology community organised around DevOps and artificial intelligence topics, operating under the tagline 'Upgrade the Culture.' With nearly 2,000 members and over 32 regular meetups hosted as of mid-2026, the community facilitates technical talks, networking dinners, and hands-on workshops for Latvia's tech professionals. Led by Uldis Karlovs-Karlovskis alongside other community organisers, it serves as a co-organiser of the AI Connect 2026 conference at the RTU Science and Innovation Centre.
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Digital Freedom Festival 2026
An annual event exploring the intersection of technology, digital rights, and startup innovation in Riga. Features discussions on internet freedom, data sovereignty, and civic tech alongside startup showcases. Attracts a mix of policy makers, activists, and tech entrepreneurs from across the Baltics.
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ESA BIC Latvia
ESA BIC Latvia is the official European Space Agency Business Incubation Centre for Latvia, operated by Commercialization Reactor, opened in November 2024 at Riga Technical University. Over five years the centre aims to support 12–18 startups with free financial assistance, two years of business coaching, technical training, access to ESA expertise and satellite data, and legal consultations. It is part of the pan-European ESA BIC network and focuses on space-tech applications and downstream services.
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Eventech
Eventech is a Latvian deep-tech company building picosecond-precise, highly reliable time-tagging hardware for space and Earth applications, based on more than 40 years of combined experience in time-to-digital conversion (TDC) data acquisition. Its time taggers have flight heritage including the Hera mission, and the company sells hardware alongside R&D and support services.
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EVO VC & Startups Community
EVO VC & Startups is a global founder-and-investor networking community spanning dozens of cities across more than a dozen countries with tens of thousands of members. It runs recurring informal evening socials, including editions in Riga, that connect tech founders, angel investors and venture capitalists to find co-founders, funding and scaling partners.
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Fuel Finance
Fuel Finance is a Latvian financial-planning-and-analysis (FP&A) software company that combines AI-driven budgeting, forecasting, dashboards and reporting with optional access to human CFOs, aimed at startups and small businesses. It markets an all-in-one alternative to hiring in-house finance staff and has launched an MCP integration so users can discuss financial decisions with AI assistants like Claude.
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Handwave
Handwave is a Riga-based biometrics-as-a-service startup founded in 2021 by Janis Stirna and Sandis Osmanis-Usmanis that replaces cards, phones, and apps with a palm scan for payments, age verification, loyalty activation, and access control. The platform captures both surface palm lines and subdermal vein structures to build a unique encrypted biometric ID backed by two-factor authentication. Handwave has raised €4.3 million in total funding, including a €3.6 million seed round in 2025 led by Practica Capital with participation from FirstPick and Inovo.vc, and is piloting with live retailers across Europe and the US.
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HansaMatrix
HansaMatrix is a Latvian electronics manufacturing services (EMS) company with more than 25 years of experience industrializing electronic products and systems for clients in transportation, telecommunications, energy management, IoT and other sectors. It is one of the leading electronics manufacturers in Northern Europe, offering full-cycle production from prototyping through supply-chain and manufacturing services.
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Hyperjob
Hyperjob is a recruitment SaaS platform that lets companies create branded, interactive job-ad microsites reported to achieve up to six times higher candidate conversion rates than plain job board listings. Founded in 2021 by Janis Kreilis, Juris Sorokins, and Roberts Tomme, the company raised €435k in a seed round led by SMOK Ventures in 2023. The platform also offers automated, personalised LinkedIn and email candidate outreach.
